The only publication of its kind, Energy & Metals Consensus Forecasts™ surveys over 40 of the world’s most prominent commodity forecasters covering over 30 individual commodity price forecasts (list along the right-hand side) including Brent and WTI crude oil. The publication has many practical uses including commodity investment analysis, risk management, corporate planning, and budgeting.
The graph above from our shows the evolution of the price differential between Brent and WTI (red line). Meanwhile below, you will find a sample of our panellists' Brent forecasts from June 2015. For the full table (which shows our panellists' forecasts for the next eight quarters), along with detailed analysis and the long-term outlook, please download a sample.
What's currently affecting oil prices?
"Brent has recovered to near US$65 per barrel in recent months, around US$20 above its mid-January low. The upturn was partly buoyed by demand from Asia and concerns about supply disruptions from the Middle East and North Africa. Further price improvements will depend on the recovery of the global economy and OPEC production levels, notably crude oil supply from Iran ..." (A portion of text from the June 2015 issue of Energy and Metals Consensus Forecasts™)
A complete sample issue of the publication, which also includes Consensus Forecasts for Gasoline & Heating Oil, Gas Oil, Natural Gas, Coal and Uranium, as well as base, ferrous and precious metals, can be downloaded in PDF format by clicking the link above and registering your details. If you have any questions, please contact us at Consensus Economics.