What's Affecting Oil Prices This Week (Jan. 29, 2018)?
For the upcoming week, Stratas Advisors expect Brent prices to pull back and average $69/bbl.
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Jeff Quigley is Director of Energy Markets at Stratas Advisors, a global consulting and analytics provider for all facets of the oil and gas markets and related industries. With over 12 years’ experience in the energy industry, Jeff is a seasoned expert in market monitoring and forecasting across the entire value chain. He manages Stratas’ Short-Term Price Outlook Service for crude oil, which combines market fundamentals, geopolitics and Stratas’ own economic forecast tools to build an integrated, data-driven outlook on key energy markers over the next eight quarters. It assesses crude oil, natural gas, NGL, refined products, base petrochemicals and biofuels. Prior to joining Stratas Advisors, Jeff was a senior associate with EnergyVentures Analysis (EVA), a strategic consultancy firm based in Arlington, VA. He led teams covering international energy markets, solid fuels, and oil and gas, which supported major trade associations, global energy companies and US utilities. Before joining EVA, he spent seven years at PFC Energy, which was later acquired by IHS, in Washington D.C. As the manager and leading analyst, he led a team focused on long-term forecasting and quantitative analysis of the oil and gas sector. Jeff earned his BS in Business Administration from American University and his MBA at George Washington University.
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For the upcoming week, Stratas Advisors expect Brent prices to pull back and average $69/bbl.
For the upcoming week, Stratas Advisors expect Brent prices to average $68.50/bbl as trading activity picks up and the market remains quiet at the start of the week.
2017 was another volatile year for oil markets, with prices finally appearing on track to a sustainable recovery after several false starts.
For the upcoming week, Stratas Advisors expect prices to average $64.50/bbl with increased volatility.
For the upcoming week, Stratas Advisors expect prices to average $62.50/bbl as fundamental support remains.
This week, Stratas Advisors expect more price declines as the market remains weary.
For the week ahead, Stratas Advisors expects Brent to average $55/bbl as geopolitical tensions lend support and there is a surfeit of fundamental data that could weigh on prices.
For the upcoming week Stratas Advisors expects that crude inventories will draw in line with seasonal norms.
Early signs point to a potential struggle within even the most productive parts of the shale patch, increasing the odds of an OPEC deal extension beyond March. But will that actually happen?
Stratas Advisors’ Jeff Quigley is in Vienna and will offer in-depth analysis from the OPEC meeting.
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