RAM sees Brent oil at US$50 for this year and next

This is the second consecutive year that RAM Ratings has been honoured as Rating Agency of the Year, Malaysia by The Asset.

PETALING JAYA: RAM Ratings has forecast an average Brent crude oil price of US$50 per barrel for both 2017 and 2018.

The price assumptions took into account the current tighter supply situation, following the Organisation of the Petroleum Exporting Countries’ (Opec) production cuts in January, said RAM’s head of consumer and industrial ratings Kevin Lim.