Strategist claims better times ahead for oil companies on mysterious market
Q2 was tough on the major oil companies, which can now look forward to rising prices, an assessment maintained by Jan Bylov, oil strategist at Danish bank Jyske Bank. The assessment holds despite major geopolitical uncertainties on a market where many are wondering why stockpiles have not diminished.
Oil prices will surge throughout the remaining year, and Brent will peak in Q1 2020 with a price of about USD 80, forecasts Jan Bylov, oil strategist at Danish bank Jyske Bank. A forecast that is, however, threatened by trade conflict and geopolitical risks.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
The oil price may drop to USD 30
For subscribers
Missed Anadarko-acquisition helps Chevron
For subscribers
ExxonMobil's profit drops despite increase in production
For subscribers
