Sentences with phrase «light oil price forecast»
Coincidentally, the light oil price forecast of the day had also crept up, to U.S. $ 24 / bbl plus inflation, with oilsands production expected to reach 2.2 million barrels per day by 2015.
http://www.canadianbusiness.com/ Not exact matches
Ben Luckock is in fact so bullish that he forecast demand could exceed supply of crude oil by 2 - 4 million bpd by the end of 2019 because of the US$ 1 - trillion in spending plans that never saw the light of day as a result of the 2014 price crash.
The real bubble was caused by the fact that the Alberta government's forecast for light oil was far above what the markets were predicting at the time based on the 3 year NYMEX strip used by Sproule Associates to forecast future oil prices.