Prices to stall in 2018 but shoot up in 2020

摘要

Slowed supply growth will boost global oil prices this year, but accelerating production and slowing demand in 2018 will plateau prices until 2020, according to Wood Mackenzie. "With supply growth slowing, what we're seeing is that by the second half of this year, there's actually more demand than supply..., which means that inventories are going to have to be drawn down in order to meet demand, and that tends to put upward pressure on prices," Ann-Louise Hittle, vice-president of research macro oils at Wood Mackenzie, told a Calgary CFA Society lunch in early February.