New thinking: Workers in action at a drilling rig in the United States. Oil price forecasts today reflect greater uncertainty about the evolution of the business cycle. — Bloomberg
BRENT oil prices are expected to remain around US$90 (RM390) per barrel throughout the next five years, according to my eighth annual survey of energy market professionals.
Forecasts are mostly US$4 to US$10 (RM17 to RM43) per barrel above predictions at the time of the 2022 survey, conducted before Russia’s invasion of Ukraine, and up by around US$20 (RM87) compared with the 2020 survey, before the coronavirus pandemic.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
