×
×

Executive Summary - Oil market outlook

Natural gas analysis & forecasts February 2019

The agreement made by the OPEC-plus group in December to cut oil output is yielding its desired results, which will continue to support oil prices until the group’s next scheduled meeting in April. Nevertheless, a lack of progress in trade talks between the United States and China is prompting demand-side concerns, which will cap price gains.

How the OPEC-plus agreement is implemented will be closely watched as it could dictate the agenda for April’s meeting, in which the group will take stock of the oil market...