We need to look at [the oil price] in the long run. I’m a lot less interested in the fluctuation day-to-day, month-by-month, but rather where is the oil price going overall.

Deloitte Middle East’s Energy, Resources & Industrials Leader, Bart Cornelissen was invited by Oil & Gas Magazine Middle East to share his views on what’s next for the Oil Price.  Here is a quick run on the questions he shared his perspectives on:

• What are some of the key factors that impacted the oil price in 2018?
• OPEC+ plans to cut output by 1.2mn bpd in 2019. What long-term effect are you expecting?
• What is the forecast for US production, which is playing a larger role in the global energy landscape?
• Still, the US is forecast to produce 12mn barrels per day on average in 2019; do you think it will still have that strong, disruptive impact on OPEC cuts?
• What are some of the key factors we should pay attention to going into 2019?

Click on the image below to see his full interview.

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