Saxo Bank says OPEC+ actions can drive Brent to $90 in 2020 - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Saxo Bank says OPEC+ actions can drive Brent to $90 in 2020

MOSCOW, Dec 3 (PRIME) -- Russia and the OPEC states will announce a new significant reduction of oil output in 2020, and the Brent price will return to U.S. $90 per barrel, Saxo Bank said in one of its Outrageous Predictions released on Tuesday.

УIn 2020, we see the tables turning for the investment outlook as OPEC extends production cuts, unprofitable U.S. shale outfits slow output growth and demand rises from Asia once again,Ф Head of Equity Strategy Peter Ganry said.

Russia will also be the winner from a rising interest in clean energy as one of the key producers of palladium used in cars for climate improvement, and nickel used in car batteries.


03.12.2019 11:17
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 79.5181 +0.3280 03 jul
USD 70.5198 +0.0785 03 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1248.28 +2.94 18:50 02 jul
micex 2788.79 +1.66 18:50 02 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 195.35 +0.54 19:11 02 jul
lkoh 5411.00 +1.84 19:11 02 jul
rosn 366.15 +1.20 19:11 02 jul
sber 209.69 +3.18 19:11 02 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 79.3550 -0.1975 14:59 02 jul
USDTD 70.3375 -0.8950 17:44 02 jul