Deloitte report forecasts $80 US by 2022 as global glut shrinks

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    • Deloitte report forecasts $80 US by 2022 as global glut shrinks

      This is an extract from CBC news : cbc.ca/news/canada/calgary/oil…alysis-deloitte-1.3521298

      The analysis by Deloitte's resource evaluation and advisory team predicts the price of West Texas Intermediate (WTI) crude will average $44 US this year, climbing to $55 US by 2018, $70 US by 2020 and $80 US by 2022.

      Judith Dwarkin, chief economist with RS Energy Group, says her firm is expecting an average for prices a little lower than Deloitte's predictions for this year, but in the same ballpark.


      "Demand has grown at a very respectable and steady pace, averaging over a million barrels per day per year for the last 15 years or so. And that's helping. But when your supply overhang is a million and a half or more, that's not enough," she said.


      World Oil and Gas News