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Pareto projects oil price of USD 65 the next two years

Broker Pareto Securities has lowered its expectations for the oil price in the years 2019 to 2021. This happens at the same time as a report points to growth among Norwegian oil suppliers.

Photo: Nerijus Adomaitis / Reuters / Ritzau Scanpix/REUTERS / X03961

Norwegian broker Pareto Securities has lowered its forecast for the oil price in the years 2019 to 2021. Whereas the firm previously projected an average price of USD 72, Pareto now expects that the price will be USD 65, reports DN.no.

Pareto also lowers its target price for two of Norway's largest oil companies, Equinor and Aker BP.

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