How Much Oil Can Saudi Arabia Really Pump? We're Set to Find Out - Bloomberg:
Does Saudi Arabia have the extra oil?
For the first time since Saddam Hussein invaded Kuwait in 1990, Saudi Arabia could face the ultimate petroleum test: pushing its complex network of oilfields, processing plants, pipelines, tank farms and export terminals to the limit, pumping every possible barrel of oil.
Today another Middle East crisis is stretching the Saudi oil machine. U.S. sanctions on Iran are crippling exports from the Islamic Republic, prompting buyers to look to the world’s largest exporter for replacement barrels.
Friday 28 September 2018
Oil to rise as Iran sanctions outweigh demand risks from trade wars: Reuters poll | Reuters
Oil to rise as Iran sanctions outweigh demand risks from trade wars: Reuters poll | Reuters:
Oil prices are likely to climb continuously into next year, as concerns over drops in supply from the likes of Iran and Venezuela outweigh any worry that global trade disputes could undermine demand, a Reuters poll showed on Friday.
A survey of 50 economists and analysts forecast Brent crude to average $73.48 a barrel in 2018, up from the $72.71 forecast in August and the $72.68 average so far this year. Brent was forecast to average $73.75 in 2019.
This is the highest projection for the benchmark for both 2018 and 2019 in the polls this year.
Oil prices are likely to climb continuously into next year, as concerns over drops in supply from the likes of Iran and Venezuela outweigh any worry that global trade disputes could undermine demand, a Reuters poll showed on Friday.
A survey of 50 economists and analysts forecast Brent crude to average $73.48 a barrel in 2018, up from the $72.71 forecast in August and the $72.68 average so far this year. Brent was forecast to average $73.75 in 2019.
This is the highest projection for the benchmark for both 2018 and 2019 in the polls this year.
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