Expected falls in global demand, Saudi Arabian production policies and increasing exports from Iraq and Kurdistan have all triggered fairly steep oil price revisions by Pareto’s well-known oil analyst, Trond Omdal.
The analyst is predicting prices of $90 per barrel for the fourth quarter of 2014, $103 per barrel (down from $108) for the full year of 2014, $100 per barrel (down from $115) for 2015, $105 per barrel (down from $120) for 2016, and $110 per barrel (down from $120) for 2017.
Omdal
