FirstEnergy has revised its near-term commodity price outlook, as is typical near the end of each quarter. In the near-term, and as it pertains to the International universe, we have become more bearish with respect to our Brent oil price, but continue to be of the view that the crude oil market will come back into balance in the second half of 2016e. Our 2016e Brent oil price forecast has decreased 14% to average US$53.50/bbl, while our 2017e and longer-term forecast remains relatively unchange ....

14 Dec 2015
Commodity Price Update
Ithaca Energy (IAE:TSE), 0 | Parex Resources Inc. (PXT:TSE), 0 | Tullow Oil plc (TLW:LON), 13.3 | Amerisur Resources (AMER:LON), 0 | GeoPark Ltd (0MDP:LON), 0 | Ophir Energy (OPHR:LON), 0 | Harbour Energy Plc (HBR:LON), 161 | Touchstone Exploration Inc (TXP:LON), 19.8 | Big Banc Split Corp. Class A (BNK:TSE), 0

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Commodity Price Update
Ithaca Energy (IAE:TSE), 0 | Parex Resources Inc. (PXT:TSE), 0 | Tullow Oil plc (TLW:LON), 13.3 | Amerisur Resources (AMER:LON), 0 | GeoPark Ltd (0MDP:LON), 0 | Ophir Energy (OPHR:LON), 0 | Harbour Energy Plc (HBR:LON), 161 | Touchstone Exploration Inc (TXP:LON), 19.8 | Big Banc Split Corp. Class A (BNK:TSE), 0
- Published:
14 Dec 2015 -
Author:
Darren B. Engels -
Pages:
11 -
FirstEnergy has revised its near-term commodity price outlook, as is typical near the end of each quarter. In the near-term, and as it pertains to the International universe, we have become more bearish with respect to our Brent oil price, but continue to be of the view that the crude oil market will come back into balance in the second half of 2016e. Our 2016e Brent oil price forecast has decreased 14% to average US$53.50/bbl, while our 2017e and longer-term forecast remains relatively unchange ....