World Perspectives

Two Reasons Brent Crude Will Remain Under $60

The EIA’s January Short-Term Energy Outlook forecasts Brent Crude oil prices will be steady through 2018 and unable to break the $60 ceiling.The U.S. Energy Information Administration’s (EIA’s) January 2017 Short-Term Energy Outlook (STEO) is forecasting crude oil prices will remain fairly stable through 2017 and 2018. The agency also projects that Brent Crude, which averaged $54.45/barrel for the first three weeks of 2017, will eventually reach $60/barrel by the end of 2018. It is up from the average $30.70/barrel in January 2016, the low point for oil prices last year, and $47.76/barrel in January 2015. Crude oil prices picked up in December after the Organization of Petroleum Exporting Countries (OPEC) approved an agreement to reduce pro...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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