What do the next eighteen months hold in store for oil prices?

Crude oil prices have slumped again recently, despite OPEC agreeing to extend its output cuts by nine months. This Energy Watch sets out our view on what will happen to supply and demand over the next eighteen months and what this is likely to mean for oil prices. Indeed, we have reduced our end-2018 forecast for the price of Brent from $65 to $55 per barrel.

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