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Our near-term price outlook calls for lower oil prices in 2013. Oil prices will move below $100/barrel in the first quarter of 2013 and will continue falling throughout the first half of the year in line with weaker fundamentals. However, the ongoing political unrest in the Middle East continues to add temporary upward pressure to prices. Brent crude oil prices will average $97 in the first quarter of 2013 and $96 for the whole year. The political standoff between Iran and the West remains unresolved. Iran continues to expand its uranium enrichment capacity keeping tensions over its nuclear program high. IHS CERA estimates a fear premium of $15-20 per barrel above the level suggested by market fundamentals, mainly due to the political stand-off between Iran and the West. In 2014, we expect Brent crude to average $90.
机译:我们的近期价格前景要求2013年油价走低。由于基本面疲软,油价在2013年第一季度将跌破100美元/桶,并将在整个上半年继续下跌。但是,中东持续的政治动荡继续给价格带来暂时的上行压力。 2013年第一季度布伦特原油均价为97美元,全年均价为96美元。伊朗与西方之间的政治僵局仍未解决。伊朗继续扩大其铀浓缩能力,从而使整个核计划的紧张局势保持高位。 IHS CERA估计,每桶石油的忧虑溢价比市场基本面建议的水平高出15-20美元,这主要是由于伊朗与西方之间的政治僵持。 2014年,我们预计布伦特原油均价为90美元。

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