We expect that global oil supply will remain constrained in 2020. But we also forecast somewhat stronger growth in demand next year and a pick-up in risk appetite on the back of monetary easing. As a result, we are raising our forecast of the price of Brent crude at end-2020 to $70 per barrel ($65 previously).
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.