25 April 2013
Analysts turn bearish on oil prices amid sluggish economy
Analysts are lowering their oil price forecasts for this year on expectations of ample supply, weak demand and a sluggish global economy
ABN AMRO was the latest to cut its price forecast. The bank expects Brent prices to fall from an average of $112 a barrel in the first quarter of 2013 to around $105/b for the rest of the year. Prices for both Brent and WTI will tumble in the second quarter of 2013, ABN AMRO said, to $90/b and $80/b respectively. Prices, though, are expected to recover in the second half of the year. Demand should pick up in the summer, and supply worries and geo-political tensions could intensify boosting prices, the bank said in a note on 25 April. ABN AMRO sees prices trending lower over the next couple years. Brent is forecast to average $100/b in 2014, and could be as low as $90/b in 2015. WTI is seen d
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
