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LONG-TERM OIL PRICE FORECAST – MAY 2012

Our latest POPS projected Brent crude oil prices will stay well above $100/bbl ranging between $132/bbl in the low case to $264/bbl in the high case in year 2020. Our reference case shows an oil price next year at $122/bbl increasing to $187/bbl in year 2020.

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by Yue Pan // 31 May, 2012

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