New Oil Price Forecast from Morgan Stanley - Feb 21

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

New Oil Price Forecast from Morgan Stanley - Feb 21

Post by dan_s »

Morgan Stanley just sent out an update to their 2023 & 2024 Brent oil price forecast.
2023
Q1 > $85
Q2 > $90
Q3 > $95
Q4 > $95
2024 > $95

"We update our estimates to reflect stronger oil demand but also higher Russian supply. This leaves the broad pattern of our balances intact: oversupply in 1Q, balanced in 2Q, and a deficit in 3Q/4Q. However, the 2H deficit is slightly less than estimated before, which we reflect in price forecasts."


If you'd like to read the full report, send me an email: dmsteffens@comcast.net
Dan Steffens
Energy Prospectus Group
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