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Roland Berger Oil Price Forecast: Oil-Producing Countries and Institutions Expect USD 54 per Barrel in 2018
Press releases • Mar 22, 2018 02:49 -12
Institutions and oil-producing countries expect a moderate increase in oil prices from USD 51 in 2017 to USD 54 per barrel WTI (West Texas Intermediate) in 2018. While both demand and supply grew in 2017, the market experienced its first period of undersupply since 2013. This development and the resulting increase in prices can be attributed to OPEC's decision to reduce production in 2016.