Webinar: Oil prices are rising, how do you control ALL your energy budgets

Controlling your gas and power budgets through flexible procurement contracts? Well now you can for liquid fuels too: total fuel budget control. If you’re worried about your strategy for liquid fuels, Julian Keites of Kinect takes you through the new thinking on fuel price risk management…..and how you can make significant savings. To register please […]

World Bank forecasts higher oil price in 2018

The price of oil is forecast to increase to $56 (£42.8) a barrel next year. The $3 (£2.3) a barrel increase is a result of steadily growing demand, agreed production cuts among oil exporters and stabilising shale production in the US, according to the World Bank. The forecast is however a small downward revision from […]

Oil prices forecast to grow slightly in 2017

Production cuts by members of the Organisation of the Petroleum Exporting Countries (OPEC) and other non-OPEC countries are forecast to provide a short term boost to oil prices. However the effects are to be offset to some extent by increases in production in Canada and the US, according to the latest price forecast by Deloitte’s […]

World Bank raises oil price forecast for 2017

The World Bank is raising its 2017 forecast for crude oil prices from $53 (£43) per barrel to $55 (£44.9) per barrel. It comes as members of the Organisation of the Petroleum Exporting Countries (OPEC) prepare to cut production after a long period of unrestrained output. They agreed to limit crude output to a range […]

World Bank: Low oil prices likely to continue until 2020

Low oil prices are forecast to continue in the next few years. The price per barrel is projected to settle in the range of $53 (£40) to $60 (£45) by the end of the decade, when supply and demand are expected to be in balance, according to the World Bank. These developments are forecast to […]

Inenco Y Report – 26th July 2016

Inenco brings you the weekly Y Report. A personal update of the world of energy.

IEA: Low oil prices hurting investment and energy efficiency

The world has seen a reduction in investment and energy efficiency measures due to the prolonged period of lower oil prices. New analysis from the International Energy Agency (IEA) reveals the current oil price environment has also boosted the share of oil produced in the Middle East. It found investments in the oil sector declined […]

Y Report from Inenco – 14th June 2016

Inenco brings you the weekly Y Report. A personal update of the world of energy.

World Bank lowers forecast for oil prices

The World Bank has lowered its forecast for crude oil prices for 2016. It had previously predicted prices at $51 (£35.5) per barrel in October but has reduced it to $37 per barrel. The lower forecast reflects a number of supply and demand factors, it states. “These include sooner-than-anticipated resumption of exports by the Islamic […]

Oil prices not expected to recover in 2016

There will be no recovery in oil prices in 2016. That’s according to US statistics firm Fitch Ratings. It also predicts gas prices in Europe will remain low until oil prices start to pick up in 2017. The report states: “Progressive taxation has helped companies ease the impact of low prices but Russia’s mineral extraction […]