Analysts Wood Mackenzie expect that the average price of Brent oil next year will be not less than $55 per barrel in the case of an agreement between OPEC and non-OPEC on the extension of the transaction to reduce production in nine months.
In January, the experts gave a forecast of $50 per barrel, based on the fact that the freeze of production will not, and global supplies will increase by 2.4 million barrels per day if demand increases by 1.2 million b/d.
For the current year WoodMac forecast to remain around $55 a barrel, according to the publication Offshore.
Some OPEC members are exploring the possibility of a more significant decline in production of oil. In this situation, commercial stocks of raw materials in the third quarter of this year will contract by more than expected and then the price of Brent crude at the end of the year to exceed $60 per barrel.
If the agreement restrictions in OPEC production+ will be extended to the whole 2018, Brent could rise to $63 per barrel, I think at WoodMac.