The price of oil has nearly doubled since the lows of $27 per barrel reached at the end of January. The growing consensus among market analysts is that a market recovery is underway, with one analyst going as far as predicting that oil will reach $85 per barrel by Christmas. A glance at the evidence greatly supports this – OPEC’s failure to agree on a quota hasn’t curtailed the price rally, there is a steady drop in non-OPEC (read US shale) output, and a summer driving season is giving oil demand a boost.
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We harness in-depth understanding of the energy market to evaluate recent developments and provide insights that enable strategic decisions under competing opportunities and risks.