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Main » 2015 » December » 9 » Fitch forecast: the price of Brent crude oil 55 dollars in 2016
Fitch forecast: the price of Brent crude oil 55 dollars in 2016

International rating agency Fitch, has reviewed and adjusted its previous forecast for the average price of oil brand Brent. Thus, according to the forecast of the price of Brent crude oil in 2016 will amount to $ 55 per barrel, in 2017 - $ 65 per barrel. Recall that in July the average forecast for Brent crude oil in 2017 was at the level of 80 US dollars per barrel.



The fall in oil prices to their lowest level since the beginning of 2009 prompted Fitch lowered the ratings of five major oil exporters and to revise the outlook on the three countries - Saudi Arabia, Nigeria and the Republic of the Congo - changing it from "stable" to "negative."

Prices for Brent on Tuesday fell below $ 40 a barrel for the first time since 2009, before the recovered part of the losses. The January futures for Brent crude on London's ICE Futures exchange rose on Tuesday by about 1 percent to 41.3 US dollars per barrel.

In November, OPEC has maintained growth forecast for global oil demand in 2015 at the level of 92.86 million barrels per day.

World oil demand in 2016 would be higher than this year at 1.25 million barrels per day and will be about 94.14 million barrels per day.

A source

According to the materials WELTRADE


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