Insights

Interview with Oil & Gas Magazine Middle East 

 

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.

Click to enlarge the image                                                                      Click to enlarge the image

Bart Cornelissen 
Regional Energy, Resources & Industrials Leader

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