Oil forecast from analysts for the year 2020

The main income of the Russian Federation to this day bring energy. Recently Rosstat has presented data which indicated that in 2019, one-third of exports made up of oil. Energy exports have a significant impact on the state of the national economy, so pay attention to oil prices still stands.


Initially, the study was conducted, after which the analysts emphasized that in the oil market in 2020, significant changes are expected. Analysts Sberbank Investment Research indicate that the price of oil will determine the following events:

  • prospects of sanctions against Iran, and Venezuela.
  • the resolution of the trade and economic war between the US and China;
  • the dynamics of oil production in the United States;
  • the balancing market from the OPEC+ .

Experts point out that this year the price of a barrel of Brent will be in the range 55-65 USD, barring any crises, as it was with the explosion of the oil producing plant in Saudi Arabia.


Saxo Bank expect only positive movement in the price of oil. OLE Hansen, head of strategy Department at Saxo Bank, says that by the end of 2020, the price of oil could rise to USD 75 per barrel. He believes that the growth rates will be affected by supply disruptions in the middle East and the pace of shale oil in the United States.


The movement of prices in 2020 are also waiting for companies to “BCS Premier” and “Finam”. Anton Pokatovich, who is the chief analyst of BKS notices that quotations of Brent in the current year can jump up to 70 USD per barrel. But the analyst of “Finam” Sergey Drozdov indicates that long-term trade and economic conflict between Beijing and Washington and the slow global GDP growth will have a significant impact on the price of oil, so the price for a barrel of oil will be traded in the range of 60-71 USD per barrel.


The most negative Outlook was expressed by economic expert Maxim petronevich of “Discovery”. The analyst argues that by the end of 2020, the price of a barrel of oil falls to USD 53.


Based on last year's survey, the forecasts are not far from the truth, because in 2019, analysts expect that the price of a barrel of Brent will be 65,27 USD, and as of 2019, the year the price was fixed at 66,63 USD. It is worth noting that the worst performance was presented by Sergey Drozdov from “Finam”, because he said that oil prices could fall below $ 50 in 2019. On the basis of common analysts, at the end of 2020 the price of a barrel of Brent crude will reach USD 63.

16 January, 2020

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