Fitch lowered the Outlook on the price of oil in 2016 to $45 per barrel

Fitch lowered the Outlook on the price of oil in 2016 to $45 per barrel


MOSCOW, January 20. International rating Agency Fitch has lowered the forecast for the average price of oil in 2016 to $45 per barrel, the report said the Agency.

In the long term, Fitch expects oil prices at $65. The negative scenario assumes that in 2016 a barrel of oil costs in average $35.

The decision to revise the Outlook on prices for oil and gas due to a reduction in energy demand and lower production in the U.S., note the analysts of the Agency.

The price of oil Brent following the results of 2015 fell by 49.6% since the beginning of 2016, has already dropped by 22.5%, hitting multi-year lows.

Infographics


Prices for Brent crude and the dollar

Prices for Brent crude and the dollar. Infographics