 Home > Chemicals Industry > Petrochemical News > Citi: Raises Brent crude oil price estimates for this year and next

Citi: Raises Brent crude oil price estimates for this year and next

 Last Update: 2021-07-20
 Source: Internet
 Author: User

Tags

crude oil refined

crude oil production

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

According to foreign news on June 22, Citigroup raised its 2021 Brent crude oil price estimate by US$4 to US$72 per barrel on Tuesday, and raised its price estimate for 2022 by US$8 to US$67 per barrel
.

Citigroup expects that the average price of Brent crude oil will be US$77 per barrel in the third quarter of this year and US$78 per barrel in the fourth quarter, up US$4 and US$9 respectively from the previous valuation
.

It said: "There is a risk of instability in oil demand, so it is more likely to be bearish rather than bullish
.
"

Citi expects that the spot Brent crude oil price will reach the level of US$85 per barrel before the fourth quarter of this year
.

Citigroup said that as the international market situation changes, the spread between Brent crude oil and US crude oil is expected to narrow
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

High aromatic naphtha

CAS No.: 64742-89-8

Industrial Grade

$3890-4100/MT FOB

Dibromoneopentyl Glycol

CAS No.: 3296-90-0

Industrial Grade

$10/KG EXW

Base oil for lubricating oil

CAS No.: 8002-05-9

Different Grade

$0.1/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

announcements today(81)

80 20 company(94)

united states logo(227)

single use technology(195)

healthy food name(42)

ups united states(221)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.