SUBSCRIBERS
Opec supply, US shale output seen keeping oil prices weak
Published Sun, May 31, 2015 · 09:50 PM
New York
OIL prices are likely to stay relatively weak for the rest of this year due to ample supply from traditional Middle East producers and a resurgence of US shale production, according to a Reuters survey .
Reuters monthly survey of 28 analysts predicted the global oil benchmark North Sea Brent crude would average US$61.60 a barrel in 2015, close to current levels.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil settles higher as weak US economic growth offset by supply concerns
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard
Gold trades in tight range as market focuses on US economic data
Oil settles lower as US business activity cools, concerns over Middle East ease