Crude oil prices to remain balanced in 2019, as non-OPEC supplies come to the rescue

Updated: March 11, 2019 1:47 AM

Oil market likely to remain balanced in 2019

Crude oil prices are expected to trade in –75/bbl range through 2023.

Oil markets will remain balanced in 2019, with a surge in non-OPEC supply (+1.8 mmbpd) being offset by OPEC cuts (-0.8 mmbpd) and global demand growth (+1.6 mmbpd), Edelweiss has said.

Prices are expected to trade in $65–75/bbl range through 2023.

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