{"id":69621,"date":"2022-08-04T23:03:00","date_gmt":"2022-08-04T19:03:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=69621"},"modified":"2022-08-05T01:26:32","modified_gmt":"2022-08-04T21:26:32","slug":"enverus-lowers-oil-price-forecast","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/enverus-lowers-oil-price-forecast\/08\/04\/market-updates\/","title":{"rendered":"Enverus Lowers Oil Price Forecast"},"content":{"rendered":"\n<p>In the latest signal of a faltering oil market, energy analytics and intelligence firm Enverus said it was lowering its outlook for crude oil prices in the face of a looming recession and signs of demand destruction. In an email, the firm said it was reducing its outlook for the international Brent price to drop below $100 by the end of 2022.<br><br>\u201cUntil July we have argued that Brent pricing was well supported at $100\/bbl. However, the downside risks are becoming more prominent, and we now expect some sort of European recession by the end of the year. <br><br>This will loosen balances by 1-2 MMbbl\/d as weaker global demand emerges. We expect Brent to drift to the mid-$80s\/low-$90s by year-end,\u201d said Bill Farren-Price, one of the report\u2019s authors and a director at Enverus Intelligence Research.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the latest signal of a faltering oil market, energy analytics and intelligence firm Enverus said it was lowering its outlook for crude oil prices in the face of a looming recession and signs of demand destruction. In an email, the firm said it was reducing its outlook for the international Brent price to drop &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6936],"class_list":["post-69621","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil-prices"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=69621"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69621\/revisions"}],"predecessor-version":[{"id":69626,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69621\/revisions\/69626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61009"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=69621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}