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British bank Barclays has raised its outlook for oil prices this year and next year due to forecasts of a drop in supplies from Libya and Iran
"Due to new interruptions and a faster reduction in Iranian supplies, we see Brent and WTI prices averaging $ 71 and $ 65 a barrel next year," the bank said.
Barclays had previously forecast an average of $ 65 for Brent in 2019. The bank also improved its prices. Brent prices were estimated at an average of $ 73 per barrel in the second half of this year, compared with $ 70 a barrel. previously calculated.
The United States, for its part, wants to reduce to zero Iranian oil exports. November, which would force other major producers to offset the withdrawal.
In addition, production disruptions in Canada due to problems at the Syncrude oil sands plant, which generates 360,000 b / d, reduced its flow to the delivery point in Oklahoma.
Although the differential between WTI and Brent has been reduced since May because of Syncrude 's failures, it could be extended at the end of the year. $ 7.50, said Barclays.
Defends OPEC
The President of OPEC on Monday defended the group against demands for an increase in production made by US President Donald Trump, stating that he should accuse the cartel for the problems of the sector.
Trump has accused the Organization of Petroleum Exporting Countries in recent weeks of increasing gas prices and urged the cartel to do more.
"It should not be blamed only OPEC for all the problems that are occurring in the oil industry, but at the same time we responded in terms of the measures we took during our last meeting in June, "he told Reuters. the group's president, Suhail al Mazrouei, in an interview in Calgary, Canada, referring to his decision to lift the pump.
"The OPEC is doing its part," he added, indicating that the group is ready to listen to the world's major oil producers, including the United States
The OPEC accepted in June a modest increase in crude output from July, after Saudi Arabia, de facto head of the group, persuaded Iran to cooperate respond to calls from major consumers to reduce increasing costs of fuel.
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