The IEA projection for oil

The International Energy Agency has issued a new oil price projection through 2016:
For oil, the projections are based on prevailing futures prices, which form an assumption as opposed to a price forecast. The crude price assumption used in the outlook averages $103 per barrel, or around $20 more than in last year’s MTOGM.

We also presented a projection for oil price through 2016 which is based on the presence of a sustainable linear trend in the difference between the core and headline CPI in the USA. This price will be progressively decerasing to the level of $35 to $50 per barrel in 2016. It would be interesting to compare these prejections in, say, 3 years.

No comments:

Post a Comment