After meltdown: DNB projects higher oil price in 2016

In the wake of what the Norwegian shipping and offshore bank DNB characterizes as a meltdown in the oil market in 2015, there are better days ahead in 2016 - in fact, the prospects look so good that the USD 38 per barrel oil price in the first quarter will climb to USD 50 in the second quarter before hitting USD 65 in the fourth quarter this year, according to the bank's latest oil report, which does not hide DNB's positive outlook on the oil price development.
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Law firm: Oil industry could face zombie phenomenon
For subscribers
BP to slash 600 North Sea jobs after oil price plunge
For subscribers
Just one new Norwegian oil field is profitable
For subscribers