Standard & Poor's revises oil price forecast for 2018

International rating agency Standard & Poor's has published an updated forecast for oil prices for the short term. The S & P's material says that prices for “black gold” will remain relatively high in the near future. Analysts announced that the average price for a barrel of Brent crude this year will be $ 60.

Recall that earlier forecasters of the same international rating agency published forecasts for the price of oil at the level of 55 dollars.

Standard & Poor's said that expectations for increased oil purchases in the first half of 2018 contributed to the improved forecasts. At the same time, in 2019-2020, as expected in the S&P, the average price of a barrel of Brent will again be $ 55.

At the moment, a barrel of oil of this brand is trading at around 68,9 dollar. Last week, the price of a barrel came close to 70 dollars.

It should be noted that with the price of oil at $ 60 per barrel, the extraction of so-called shale oil again becomes profitable. In the 2014-2015 years, the United States covered a wave of bankruptcies of shale companies due to a sharp drop in oil prices. Today, the shale industry in the United States is beginning to revive.

Comments

[svp67]

International rating agency Standard & Poor's has published an updated forecast for oil prices for the short term.

The "famous" agency, again applied its proven algorithm - "PPP" (half-finger-ceiling), issued a forecast, in the hope, and suddenly, guess ...

[bagr69]

If necessary, they will correct it again.

[Thrall]

Standard & Poor's has published an updated forecast

Hydrometcentre:
- And what, could that be?

[AnpeL]

The "famous" agency, again applied its proven algorithm - "PPP" (half-finger-ceiling), issued a forecast, in the hope, and suddenly, guess ...

I think that advanced agencies, such as Standard Purs (farce), predict events only on coffee grounds. Prost is a technique worked out over the years.

[210ox]

That and it is. To believe these forecasts, do not respect yourself. Yes, and for a long time it's time to leave the addiction ..

Quote: bagr69

If necessary, they will correct it again.

[sapporo1959]

It is high time! So many years and winters we’re leaving and we won’t leave anyway. Well, to us, this forecast for oil prices is like Our Father! Yes, it is strong that as soon as it falls, then immediately we begin to grope the whole country for the bottom, well, and if your chest has already grown up there and the prime minister’s birthday!

[nik-karata]

If they were actually trading oil, not futures ... Fu, what a nasty word!)))

[Chertt]

International rating agency Standard & Poor's
How the author was able to add this phrase. Rotten Selling Woman And Her Moody S And Fitch Boyfriends

[Dead duck]

Quote: svp67

The "famous" agency, again applied its proven algorithm - "PPP" (half-finger-ceiling), issued a forecast, in the hope, and suddenly, guess ...

they do so, and the rest are no better ...
even for oil produced approximately ...
last year, they admitted that they were mistaken (it turned out that they produce less) ...

[Andrey Yuryevich]

Standard & Poor's revises oil price forecast for 2018

Russia does not care about “forecasts”, in the domestic market everything is only “uphill” ... always.

[rotmistr60]

Forecasts are not grateful. But in the United States, even learned how to make profits from dummies, and considerable. He who pays well for the forecast receives what he wants in his interests.

[voyaka uh]

"at the level of $ 60 per barrel, the production of so-called shale oil again becomes profitable." ///

Not profitable, but profitable.
It is cost-effective already at $ 20. Mining technology has changed. But at $ 60 they are sharp
increase production. And the price dives to 40 ... Etc.

[IL-18]

Interestingly, does the state compensate environmental damage? If so, shale technology is profitable. And when out of the pocket of companies, it’s not very. Traditional mining ends with filling the voids formed with water, then after cracking all the chemistry will develop in the water bodies, with all the ensuing. And who will pay the claims?

[Tektor]

But at $ 60 they dramatically increase production.

This is not entirely true. According to recent estimates, they found that only on the most “delicious” shale plots in the states break-even occurs at $ 70 ... But shale companies still have to pay off the debts they have accumulated over the past three years ... And in this case, shale can save barrel price of at least $ 100.

[voyaka uh]

There, under the pressure of environmentalists, the technology for extruding shale oil
have changed. Now this chemical muck does not remain in the voids.
But we have not yet found a large shale oil field
going to open. The earth is small and so. They are afraid to spoil.

[insular]

Quote: voyaka uh

Now this chemical muck does not remain in the voids.

1. In what voids?
2. What is the chemical muck?
3. Where does it (muck) go after fracking?

Briefly, the technologies of NNL, hydraulic fracturing and standardized fracture did not undergo any major changes in terms of reservoir processes. The only difference is in the aboveground infrastructure, its cost and logistics costs. But this is understandable - modularity and modern CAD systems, as it were.

[NKT]

Technology has not changed. How the well worked before 1-2 years, and then flooded, it is still working. Accordingly, after 1-2 years, a new well needs to be drilled to maintain production levels. Therefore, the cost price remains at the level of 50-60 $.

Of course, over the past 10 years it has fallen from $ 250, but the great merit of this is that of banks and the state. The former gave preferential cheap loans, the latter made tax breaks. Only now the debts of the companies have not gone away. And when this bubble burst is unknown. 35 US companies have filed for bankruptcy. Now $ 40 billion worth of problem loans

And the number $ 20 you have is beautiful. Rosneft has $ 14 for the company as a whole.

[voyaka uh]

"Therefore, the cost and remains at the level of 50-60 $." /////

http://oil-rus.ru/index.php
"One barrel of shale oil in Texas costs just $ 15,"
and in subsequent years, the price will fall by about 2 times.
In Saudi Arabia, shale oil costs $ 7,
and in Russia - about $ 20. "////

[NKT]

Your numbers are very strange. Name at least one shale oil field in CA.

You gave a link to the site and took the info from point 1. Read on. Of course, the data of the magazine, however, deserve respect.

[voyaka uh]

This is not mine. And at oil-rus.ru
They are specialists.

[NKT]

Only one phrase about shale oil in CA confirms their “specialty”

And the cost of oil production in SA, mind you, traditional - 1-2 $

[voyaka uh]

This is their national secret. Foreign specialists give a lifetime subscription
non-disclosure of reserves and cost of oil in the Judge. There are suspicions that they
50% have long passed and squeeze oil out with sea water.
In any case, in Western Siberia, oil will run out sooner.
Russia, too - inevitably - will have to switch to shale oil.

[NKT]

You probably do not know, but the so-called shale oil began to be extracted back in the USSR and continues to be produced in the Russian Federation. Also, shale gas, although for now ODA.

[voyaka uh]

But what about! Oil shale. Even a town with that name is near Leningrad. Russia always does everything first

[NKT]

No, I had commissioned the development of Bazhen, Domanika, Hadumka, and gas was produced by Gazprom in Novokuznetsk from coal shales, like this

[Lexus]

At Standard & Poor's

"Average and paupers" is a very revealing name to take seriously their forecasts and ratings. The rich and hucksters, like, are not concerned.

[KVashentcev]

Poor Standards ....

[Berkut24]

In general, was there at least one precedent when the American rating agency responded for its numbers?