forecast – Oil & Gas 360

US natural gas futures climb 4% on near-record LNG flows and cold December forecast

November 19, 2025

(BOE Report) – U.S. natural gas futures climbed about 4% on Wednesday on near-record flows to liquefied natural gas export plants and forecasts for higher demand than previously expected as the weather turns colder than normal going into December. Front-month gas futures for December delivery on the New York Mercantile Exchange rose 16.8 cents, or 3.8%, to $4.539 per million

IMF ups Saudi Arabia’s 2025 GDP growth forecast to 4% as oil output rises

October 14, 2025

(BOE Report)– The International Monetary Fund upgraded its 2025 economic growth forecast for Saudi Arabia on Tuesday due to a faster-than-expected unwinding of oil production cuts in the world’s top crude exporter. In its latest World Economic Outlook, the IMF lifted its forecast for Saudi Arabia’s GDP growth in 2025 to 4%, from 3% it projected in April. Growth in

Morgan Stanley slashes Brent oil price forecast to $62.50

May 5, 2025

(Oil Price) – Morgan Stanley joined other major investment banks in slashing oil price forecasts amid expectations of a larger market surplus later this year as OPEC+ plans to raise output much more than previously expected. Morgan Stanley cut its oil price forecasts for the remainder of the year, anticipating a bigger glut. The bank revised down its projection of Brent Crude prices

Booming shale production lifts Exxon, Chevron forecasts as oil and gas earning season kicks off

February 5, 2024

World Oil (Bloomberg) – Exxon Mobil Corp. and Chevron Corp. surpassed earnings forecasts as bigger-than-expected oil output from shale fields helped cushion the blow from weakening crude prices. Exxon rose as much as 1.6% in New York and Chevron climbed 2.8%. Exxon’s outsized result also was aided by a $1.14 billion boost from unsettled derivatives and record fuel production at

Goldman Sachs forecasts higher returns on commodities

November 14, 2023

Reuters Goldman Sachs expects increased returns on commodities over the next 12 months, buoyed by higher spot prices amid easing monetary policy and recession fears while the asset class also strengthens on hedging against geopolitical supply risks. The bank has forecast returns of 21% on commodities over a 12-month horizon on the oil-heavy S&P GSCI Commodity Index, led by returns

Oil climbs as IEA lifts demand growth forecast, US inflation cools

November 14, 2023

Investing LONDON – Oil prices firmed on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts, adding to bullish sentiment from the previous day’s OPEC guidance, while U.S. data showed inflation in the world’s biggest economy was slowing. Brent crude futures were up 61 cents, or 0.7%, to $83.13 a barrel by 1429 GMT. U.S. WTI crude futures

U.S. shale pioneer “optimistic” despite declining production forecasts in prolific basins

July 31, 2023

World Oil (Bloomberg) – Russia’s oil firms are setting a record pace in their drilling this year, even as the country has agreed with OPEC+ to make longer production cuts. Rigs drilled 14.7 thousand kilometers of production wells in Russia from January to June, 6.6% more than planned and 8.6% more than the same period in 2022, according to data seen

US natgas prices slip 2% on forecasts of less hot weather, demand

July 26, 2023

BOE Report U.S. natural gas futures slid about 2% on forecasts of less demand this week and less hot weather over the next two weeks than previously expected. Even though the weather will be less hot than previously forecast, it will still be hotter than normal through mid-August, especially in Texas. Power demand in Texas hit a record high on July

ING slashes 2023 Brent oil price forecast to $90

March 17, 2023

Oil Price Softer oil market fundamentals than previously expected prompted ING on Friday to slash its Brent Crude forecast for this year to $90 per barrel from $98, as a larger current surplus is likely to leave the market in a better position to handle an expected deficit in the second half of 2023. ING now sees Brent Crude

Barclays cuts 2023 oil price forecasts on resilient Russian output

March 8, 2023

BOE Report Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than expected, and said the market could flip into a deficit in the second half of the year due to growing demand in China. The bank cut its average forecasts for the Brent and West Texas Intermediate (WTI) benchmarks

EXCLUSIVE Russia forecasts export gas price will more than double in 2022

August 17, 2022

Reuters Russia forecasts its average export gas price will more than double this year to $730 per 1,000 cubic meters before gradually falling until the end of 2025, as pipeline gas exports decrease, an economy ministry forecast seen by Reuters showed. Gas flows from Russia, Europe’s top supplier, are running at reduced levels this year after one route was

U.S. shale oil forecasts keep rising as smaller producers lead the way

March 2, 2022

Nasdaq March 2 – Publicly traded U.S. shale firms are not budging on production restraint vows as oil markets surge amid Russia’s invasion of Ukraine, leaving smaller producers to lead output gains during the highest prices in seven years. Oil futures on Tuesday traded up as much as 10% to $107 per barrel, the most since July 2014, as Moscow’s

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