Oil prices could hit $80 per barrel in first half of 2019: JBC Energy
Johannes Benigni of JBC Energy explains why he says oil prices could hit $80 per barrel in the first half of 2019, before more supply comes online in the second half of the year. Prices could then slide towards $50 to $60, he says.
We could see oil prices moving up, analyst says
Richard Gorry, managing director at JBC Energy Asia discusses the oil prices and the OPEC’s relationship with the U.S.
INTERVIEW: Johannes Benigni on the Current Oil Market
• Non-OPEC members (especially Russia) play an increasingly important role in global oil balances.
• The reasons why a country chooses (or does not) to be a member of OPEC are manifold, so the recent decision by Qatar to leave OPEC is not a sign of a clear trend.
• The US shale supply is probably the most pressing issue right now, with the US having the biggest supply addition in 2018.
• The production cut that OPEC+ agreed on is necessary, aiming to balance the market in (early 2019).
• Oil prices are expected to stay around the $60-$65 range and stabilize there.
Al Jazeera America
The oil market is ‘clearly oversupplied’ now: JBC Energy
There was “more than enough” compensation for the Iranian lost barrels, and the now-oversupplied market requires more active management, says Johannes Benigni of JBC Energy.
JBC Energy chairman: OPEC must not allow oil prices to overheat
Johannes Benigni said the producer group is “going for OPEC 2.0.”
OPEC Output Falls to Lowest in a Year
Richard Gorry, JBC Asia managing director, discusses the impact of trade wars on oil demand. He speaks to Haslinda Amin on “Bloomberg Markets.”