Oil prices are likely to trade between US$60-70 per barrel range by mid-2019, barring sharp economic slowdown, according to Arab Petroleum Investments Corporation (APICORP)
Downstream
Brent crude oil prices to recover in 2019 and average above US$60+ a barrel: GIQ
Brent Crude oil, which collapsed 40 per cent in Q4 2018 to almost hit a floor of US$50 a barrel, will recover this year and average above US$60 a barrel
Oil Market Outlook 2019: What to Expect?
There are plenty of variables that could inject a ton of uncertainty into the annual US$2 trillion world petroleum market as we enter 2019, said economist Moin Siddiqi
NESR announces multi-year contract awards in North Africa and Gulf regions
National Energy Services Reunited Corp (NESR), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (MENA) region, has announced multi-year contract awards in North Africa and Gulf regions for its drilling and evaluation product line
The EIU launches a high-frequency measure of oil market tightness
The global oil market tightened slightly in the week ending 23 November 2018, according to a new measure of oil-market supply created by The Economist Intelligence Unit and CargoMetrics, the oil adequacy index