Free Trial

Fitch Expects Oil Prices to Remain High in 2024

OIL

The global oil and gas sector outlook is neutral in 2024 amid stable performance, aided by high prices and fairly strong earnings, Fitch Ratings says in a new report, reported by Bloomberg.

  • “We expect oil prices to remain high in 2024 and broadly stable year-on-year due to OPEC+’s continued curtailments, a geopolitical risk premium and slowing US crude production,” the report said, cited by Bloomberg.
  • “However, demand growth will slow and spare capacity, mostly represented by OPEC, should be sufficient to absorb potential shocks,” the report added.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.