Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Citi: Supply Turnaround of Oil Market in 2018

Citi: Supply Turnaround of Oil Market in 2018

Dec 4, 2017 14:31

Source:SMM

Citi maintains bearish opinion on oil price in 2019.

SHANGHAI, Dec.4 (SMM)－Citi maintains bearish opinion on oil price in 2019. In 2019 the Brent crude oil price will be $49 per barrel because OPEC, USA, Canada, Brazil and Russia are bound to increase supply a lot (probably over 2 million barrels everyday), which may exceed demand increase.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

Citi

oil

price forecast

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

The coke prices were raised by 3 rounds in 10 days, with a combined increase of 500 yuan/mt. The spot and futures prices of coking coal rose as well.

Jan 13, 2022 14:24

SMM Insight

Coke Prices Are Hiked by 3 Rounds in 10 Days

Lead Prices Likely to Hit 16,000 yuan/mt in December

The lead prices showed a V-shaped trend in November. The secondary lead smelters were expected to resume the production amid high profits, which dragged down the most traded SHFE lead contract from 16,005 yuan/mt to 14,640 yuan/mt.

Dec 16, 2021 13:55

SMM Insight

Lead Prices Likely to Hit 16,000 yuan/mt in December

Metal Prices Tumbled across Global Market due to Moderna’s Warning of Insufficient Vaccine Effectiveness

Moderna's CEO warn that the effectiveness of the current vaccine will drop significantly against the Omicron variant COVID-19, which drove up the risk aversion sentiments across the global market.

Nov 30, 2021 15:28

Analysis

Metal Prices Tumbled across Global Market due to Moderna’s Warning of Insufficient Vaccine Effectiveness

Macro Roundup (Nov 24)

This is a roundup of global macroeconomic news last night and what is expected today.

Nov 24, 2021 09:10

Analysis

Macro Roundup (Nov 18)

This is a roundup of global macroeconomic news last night and what is expected today.

Nov 18, 2021 09:26

Analysis

Macro Roundup (Nov 2)

This is a roundup of global macroeconomic news last night and what is expected today.

Nov 2, 2021 09:05

Analysis

Overview of China’s Imports and Exports of Metals in September

This is an overview of China’s imports and exports of metals in September.

Oct 13, 2021 13:09

Industry

Overview of China’s Imports and Exports of Metals in September

China Customs: China’s Export and Import Value in the First Three Quarters Increased by 22.7%

Li Kuiwen, Director of the Statistics and Analysis Department of the General Administration of Customs, introduced at a press conference held by the Information Office of the State Council this morning (Oct 13), that China's foreign trade value totalled 28.33 trillion yuan in the first three quarters of 2021, an increase of 22.7% on the year, which stayed on the high growth trajectory.

Oct 13, 2021 11:47

Industry

China Customs: China’s Export and Import Value in the First Three Quarters Increased by 22.7%

Downside risk remains for zinc prices following robust growth in 2017

Following a robust growth in 2017, zinc prices face downward pressures in light of accumulated inventories.

Jan 16, 2018 16:27

SMM Comments

Downside risk remains for zinc prices following robust growth in 2017

Rare earth prices rise on buoyant market expectation

Chinese rare earth prices surged earlier this week following market anticipations of more active trading ahead of the Chinese New Year holiday, SMM learned.

Jan 11, 2018 11:09

Analysis

Rare earth prices rise on buoyant market expectation

SMM Events & Webinars

All

Nov
24
- 2024 SMM Middle East Secondary Metal Field Trip
  Nov 24 - Dec 01,2024
  UAE
Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China

Citi: Supply Turnaround of Oil Market in 2018

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo