FACTBOX-Analysts cut 2015, 2016 crude oil price forecasts – RTRS 1/12/2015

FACTBOX-Analysts cut 2015, 2016 crude oil price forecasts – RTRS

 

12-Jan-2015 04:24

 

    Jan 12 (Reuters) – Bank analysts have lowered forecasts for average 2015 and

2016 crude oil prices, citing global growth concerns, a strengthening dollar and

ample supply.

    Oil prices renewed their declines on Monday, with Brent falling below $49

per barrel as Goldman Sachs slashed its short-term forecasts and Gulf producers

showed no signs of cutting production. [O/R]

    The following is a list of changes in brokerage forecasts for Brent and WTI.

Prices are per barrel and outlooks are listed by the date of the revision:

 

 BANK                          BRENT              WTI         DATE REVISED

                            2015     2016     2015     2016

 

 Goldman Sachs            $50.40     $70    $47.15     $65       Jan 11 

 Societe Generale           $55      $65      $51      $60       Jan 9

DNB                        $65      $79       —       —       Jan 9

Stifel                      —       —      $55      $65       Jan 6

 Bernstein                  $80      $90      $75      $85       Jan 5

Citi Research              $63      $70      $55      $62       Jan 4

Deutsche Bank               —       —     $67.50    $72       Dec 16

Commerzbank                $73      $83      $69      $80       Dec 11

BofA Merrill               $77       —      $72       —       Dec 9

DNB                        $70      $80       —       —       Dec 9  

 Credit Suisse            $75.25     $80      $70      $75       Dec 2

Barclays                   $72       —      $66       —       Dec 1

 Societe Generale           $70      $70      $65      $65       Dec 1

 Societe Generale           $90      $90      $82      $81       Nov 25

HSBC                       $90      $95      $86      $92       Nov 19

ANZ                        $92      $92      $89      $88       Nov 13

J P Morgan                 $82     $87.75   $77.25   $80.75     Nov 7

Barclays                   $93       —      $85       —       Oct 28

Deutsche Bank            $88.75     $90     $80.50    $80       Oct 24

Goldman Sachs            $83.75     $90     $73.75    $80       Oct 26

Natixis                  $99.30      —     $93.50     —       Oct 24

Commerzbank                $85       —      $82       —       Oct 24

Standard Chartered        $105      $115     $99      $104      Oct 21

Citi                     $95.50     $95    $87.50     $85       Oct 21

Jefferies                  $90      $98      $84      $92       Oct 21

BNP Paribas                $97       —      $88       —       Oct 15

BofA Merrill               $98       —      $90       —       Oct 14

Credit Suisse              $97      $93      $89       —       Sept 30

 

 

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