ICYMI – Barclays highlights provide concern implying upside threat to its $92 Brent forecast


Barclay’s Brent crude oil forecast for 2023 is $92 a barrel. Analysts on the financial institution notice {that a} protracted outage of Kurdish exports till the tip of the 12 months would indicate a $3 / barrel upside to this value.

The background to that is that Iraq has halted exports of round 450,000 barrels per day (bpd) from its northern Kurdistan area via Turkey. Ankara, Baghdad and the KRG are looking for to discover a settlement to renew exports.

Apart from the Kurdistan concern Barclays says it stays constructive on oil regardless.

Earlier oil information:

Oil replace … bouncy!



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