Brent Oil Seen by Facts Global’s Fesharaki at $35-$40 in 2Q
2015-03-24 06:25:01.170 GMT
By Anthony DiPaola
(Bloomberg) -- Oil prices will fall in 2Q on low demand,
refinery maintenance, Fereidun Fesharaki, chairman of Singapore-
based consultant FACTS Global Energy, says at conference in
Fujairah, U.A.E.
* Oil surplus seen at 2m b/d in 2Q
* Prices seen back to current level in 3Q, 4Q
* NOTE: Brent is $55.59/bbl, WTI $46.93
* Oil prices seen “low” for at least 5 yrs
* WTI discount to Brent to narrow from $8-$10/bbl now
* OPEC seen keeping policy at nxt 2 meetings
* U.S. shale breakeven seen at $80-$30/bbl
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To contact the reporter on this story:
Anthony DiPaola in Dubai at +971-4-364-1033 or
adipaola@bloomberg.net
To contact the editors responsible for this story:
Nayla Razzouk at +971-4-3641056 or
nrazzouk2@bloomberg.net
Claudia Carpenter
2015-03-24 06:25:01.170 GMT
By Anthony DiPaola
(Bloomberg) -- Oil prices will fall in 2Q on low demand,
refinery maintenance, Fereidun Fesharaki, chairman of Singapore-
based consultant FACTS Global Energy, says at conference in
Fujairah, U.A.E.
* Oil surplus seen at 2m b/d in 2Q
* Prices seen back to current level in 3Q, 4Q
* NOTE: Brent is $55.59/bbl, WTI $46.93
* Oil prices seen “low” for at least 5 yrs
* WTI discount to Brent to narrow from $8-$10/bbl now
* OPEC seen keeping policy at nxt 2 meetings
* U.S. shale breakeven seen at $80-$30/bbl
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Anthony DiPaola in Dubai at +971-4-364-1033 or
adipaola@bloomberg.net
To contact the editors responsible for this story:
Nayla Razzouk at +971-4-3641056 or
nrazzouk2@bloomberg.net
Claudia Carpenter