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Wednesday, January 13th 2010, 2:09pm

Crude Oil Price Forecast 2011

This is an extract from Nasdaq website at…350/bbl-in-2011
EIA: WTI Crude Oil To Average $83.50/Bbl In 2011

NEW YORK -(Dow Jones)- The Energy Information Administration expects oil prices to gradually rise through the end of next year, the agency said Tuesday in its monthly short-term energy outlook.

Benchmark U.S. crude oil will on average cost $79.83 a barrel in 2010, up from the previous outlook for $78.67 a barrel, the agency said. Prices are seen increasing from an average $77 a barrel in the first quarter of 2010 to $85 a barrel by the fourth quarter of 2011. In 2011, prices will average $83.50 a barrel, the agency said.

Gasoline prices are expected to average $2.84 a gallon this year, up 1 cent from the previous forecast, while diesel prices are seen averaging $2.98 a gallon this year, up 2 cents from last month's outlook. In 2011, gasoline is seen averaging $2.96 a gallon and diesel $3.14 a gallon.

Prices are expected to rise as "the world oil market should gradually tighten in 2010 and 2011, provided the global economic recovery continues as projected," the EIA said. Economic growth in developed economies that make up the Organization for Economic Cooperation and Development should increase from 1.2% in 2010 to 2.7% in 2011.

The EIA said that residential heating oil prices will average $2.78 a gallon this winter, up 1 cent from the previous forecast.

Worldoils Notes : World Oil, Gas and Offshore


Thursday, January 14th 2010, 10:26am

What do OPEC and OPEC countries have to say?

It is very early to make predictions, but I guess, the experts do sufficient research to be able to forecast.

In a fast changing world, the parameters of demand change too fast, making the forecast results vary greatly.

Worth a wait and watch. :whistling:

This post has been edited 1 times, last edit by "Gregory" (Jan 14th 2010, 10:33am)


Tuesday, March 30th 2010, 11:44pm

Oil prices may average close to US$79 this year, above previous forecasts

U.S. crude oil is expected to rise to an average of US$78.91 a barrel in 2010, a Reuters poll found on Thursday, and analysts said medium-term economic improvement could spur investment in oil, sending prices higher. The poll of 32 analysts showed a rising consensus forecast for the 11th consecutive month. In April of last year, the average forecast for 2010 was US$65.95 a barrel. In February analysts forecast a year-end price of US$77.70. "As demand for gasoline rises this summer, and investors see oil as an attractive medium-term economic macro play, crude prices could move higher than we are currently forecasting," said Jason Schenker at Prestige Economics in Austin, Tex. "What we suspect is that the upper end of the price band has moved to an US$85 comfort zone, but that could mean short-term blips to US$90," said Lawrence Eagles at JPMorgan. "Later in the year, our price target of US$90 means intraday blips to US$100 are not impossible."

This is an extract from the Financial Post :


Oil & Gas Directory

This post has been edited 1 times, last edit by "Heng Lee" (Apr 17th 2010, 9:40pm)



Posts: 1

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Tuesday, October 12th 2010, 9:39am

2011 crude oil price projection

from where i can find a good, trusted, tested and fair 2011 projection????




Thursday, November 18th 2010, 5:45am

crude oil

Simple analysis of S & R level over the past few years give some clues as to key levels. A strong support lies at $50 per barrel. If prices should falter this will be one level where prices could stabilize. Another resistance is at $100 dollars. Prices may have a difficult time breaking through to the triple digits. Once it does however, this will become a new floor of support.




Monday, December 6th 2010, 12:25pm


$92 for 2011

$88 for 2012

$107 for 2013




Thursday, December 30th 2010, 9:14pm

Gas go down

If the gas prices keep going up then people will need money to pay for that instead of putting the money in the economic recovery not the oil companies pockets!!!!!!




Wednesday, January 5th 2011, 6:54am

^Depends where you live my friend, itching for over $100+/barrel out here in Alberta. :D




Wednesday, January 12th 2011, 5:03pm

Besides supply and demand another angle of looking at it would the value of USD, which is what oil prices at.
If the debt crisis continues in Europe, EURO will go south. Then where will the money go? Chasing USD and those currencies in Asia.

You need to have your own gut of making your own forecast and be responsible for it should you make any investment based on this.




Wednesday, February 23rd 2011, 8:29pm

The system abusing the U.S.

You say that the average gas price is $2.98 a gallon in the U.S. But yet here the average price is $3.25 a gallon. And that's unleaded. The U.S. needs to get their heads out of the asses before we start rioting. Give it another year or maybe two at most. No jobs, shitty pay, and cost of everything is going way up! 

no gas



Thursday, March 24th 2011, 10:48pm

110 dollar oil

we wish oil was only 85 who is the moron who forecasted 85 :cursing:




Thursday, May 12th 2011, 2:19pm

Gas Prices

Donald Trump said the President can help lower oil prices. How is that? And if this were true, don't you think he would have joined Bim Laden at the bottom of the ocean by now?


Sunday, May 29th 2011, 3:45pm

Gas Prices expected to be $5 soon or will it fall below $4?


Many newspapers are predicting gas prices to hit $5 in USA this summer.

"Goldman Sachs' crystal ball is proclaiming that oil will soon soar to $135 a barrel, and likely have service stations jacking up fuel prices to $5 a gallon in New York just like the summer of 2008 that preceded the recession.
Read more:…I#ixzz1Nkj5fKJ4

"Memorial Day weekend typically ushers in summer gas price increases along with the summer vacation season. Not so this year. Gas prices fell 15 cents last week, bringing the average for a gallon of unleaded to $3.85. Joseph Petrowski, chief executive of Framingham-based Cumberland Farms Gulf Oil Group, said he expects prices to fall further, dropping below $3.50 a gallon by July 4. Petrowski recently spoke with reporter Megan Woolhouse.

Read more :…_in_gas_prices/

Decision is yours.


Thursday, June 23rd 2011, 6:01am

In high priced oil we trust!

As a pipefitter in the Oil patch, I want the price of oil to skyrocket so like that I can buy myself this crazy lifted truck that my buddy bought and post on his Safebook Industrial page. =] In Alberta, in high priced oil we trust. :thumbsup: Make it a $150/barrel!!!

This post has been edited 2 times, last edit by "Safebuddy" (Jun 23rd 2011, 6:12am)




Monday, August 29th 2011, 8:27pm

make it higher until it collapses

Yep, make it so high that people will be further enticed to both develop and purchase alternative energy...

Does it matter



Thursday, October 6th 2011, 11:37pm

gas prices

It's evident that supply and demand have nothing to do with the current trending of gas vs. oil prices. Speculation and market manipulation have taken over. The whole system is corrupt and his bankrupting the middle class. Last time oil was $82/barrel, gas was $2.34/gallon... So why is it $3.59? Exactly. Bring back the horse and they will ride it! F- OPEC. They will need to start using those towels on their heads to soak up all the oil that's going to be flooding their countries very soon. LMFAO


Saturday, October 29th 2011, 8:33pm

Oil consumption - recent rise rate

In 2010 the world consumed about 88.2 million barrels of oil per day--2.7 million barrels per day more than in 2009. Whether you look at the incremental increase in demand or the percentage gain, oil demand in 2010 increased at the second-fastest pace in 30 years.

This is an extract from…?storyid=100350

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