Thursday , July 7 2022

JP Morgan Brent presented its forecast for 2019


The American bank JPMorgan Chase has lowered its forecast in the average Brent crude price in 2019 and $ 73.5 pre-owned by $ 83.5 a month, as Morgan Scott has announced as head of the Asia-Pacific oil and gas research department . Have a conversation with CNBC.

JP Morgan Scott Darling, responsible for oil and gas research in the Asia-Pacific region, said the price forecast for the CNBC channel is $ 83.5 million.

Darling says today that the market will be holding the next OPEC + meeting in winter.

Demand growth will be its role, especially after the OPEC agreed to increase this year's production this year. According to Darling, to balance the global market, posters and their allies must reduce oil supply by 1.2 million barrels (b / s) per day in 2019.

The expert says that he will respond to the oil budget, US President Donald Trump.

Month by month before the implementation of the year, oil prices reached 4-year high, but less than two months, they fell by 30%.

"US policy plays an important role, but the current situation is largely due to the lack of supply and demand," says Darling.

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