2021 oil price forecasts ramped higher

The U.S. Energy Information Administration (EIA) and Standard Chartered both increased their oil price forecasts for 2021 this week.

According to its March Short Term Energy Outlook (STEO), the EIA now sees Brent spot prices averaging $60.67 per barrel and WTI spot prices averaging $57.24 per barrel this year. In its February STEO, the EIA projected that Brent spot prices would average $53.20 per barrel and WTI spot prices would average $50.21 per barrel in 2021. Standard Chartered outlined that it had increased its 2021 average Brent and WTI oil price forecasts by $14 per barrel to $65 per barrel and $63 per barrel, respectively, in a report sent to Rigzone.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Touchstone Exploration

More articles like this

Touchstone Exploration

Touchstone Exploration at Energy Summit 2024

The Energy Summit is an executive level event connecting decision makers working to provide reliable, affordable, and sustainable energy for communities throughout the world. Enjoy keynote presentations and panel discussions with industry and government leaders who

Touchstone Exploration

Natural Gas prices take off

Natural gas futures soar as freezing winter weather moves across the U.S., with prospects of cold blasts lifting demand and shutting in some production. Natural gas for February delivery is up 13.4% at $3.378/mmBtu, a two-month

Touchstone Exploration

Natural Gas futures extend gains

Natural gas futures rise as participants look beyond an expected bearish storage report to prospects of demand picking up. Natural gas rises 3.9% to $2.668/mmBtu, the highest settlement since the start of December. “We are seeing

Touchstone Exploration

Touchstone Exploration Employee Share Purchase Plan and Director Purchases

Touchstone Exploration Inc. (TSX, LON:TXP) has announced the following purchases under its Employee Share Purchase Plan. 1 Details of the person discharging managerial responsibilities / person closely associated a)  Name 1.     Paul R. Baay2.     Scott Budau3.     James Shipka

Touchstone Exploration

Touchstone Exploration hits stride with Cascadura project

Trinidad-based Touchstone Exploration is celebrating success with its Cascadura project, evident from the company’s third-quarter results released on November 14. The impact of Cascadura’s initial output on both production profile and operating cash flows has been

Touchstone Exploration

Touchstone Exploration Budget, 2024 Guidance and Operational Update

Touchstone Exploration Inc. (TSX, LON:TXP) has announced its annual 2024 capital budget, preliminary 2024 guidance and an operational update. Paul Baay, President and Chief Executive Officer, commented: “Our top priority remains maintaining a culture of safe and responsible

Touchstone Exploration

Natural Gas prices move higher

Natural gas futures are adding to yesterday’s modest gains ahead of the EIA’s weekly storage report. Overnight weather forecasts were mixed with some readings a little colder, but prospects remain for above-normal temperatures over the next

Touchstone Exploration

Oil & gas field profile: Fyzabad Heavy Oil Field

Fyzabad is a producing heavy oil field located onshore Trinidad and Tobago and is operated by Primera Oil and Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the

Touchstone Exploration

Oil & gas field profile: Cascadura Conventional Gas Field

Cascadura is a producing conventional gas field located onshore Trinidad and Tobago and is operated by Primera Oil and Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the

Touchstone Exploration

Touchstone sees increase in T&T energy reserves

Canadian oil and gas company Touchstone Exploration Inc has released the findings of an independent year-end evaluation which shows that the company is defining new reserves in T&T faster than it can extract them. Touchstone, which

Touchstone Exploration

TT’s Touchstone hits stride with Cascadura project

Trinidad-based Touchstone Exploration is celebrating success with its Cascadura project, evident from the company’s third-quarter results released on November 14. The impact of Cascadura’s initial output on both production profile and operating cash flows has been

Touchstone Exploration

Touchstone Q3 2023 financial and operating results

Touchstone Exploration provided an operational update and reports its operating and financial results for the three and nine months ended September 30, 2023. Unless otherwise stated, all financial amounts presented herein are rounded to thousands of United

Touchstone Exploration

Natural gas price still bullish

Natural gas price lost the positive momentum recently after stochastic decline below 50 level, to force it to postpone the bullish rally and provide new sideways fluctuation by settling near 3.400. We will depend on the

Touchstone Exploration

Natgas prices jump 7% to nine-month high

U.S. natural gas futures jumped about 7% to a nine-month high on Tuesday on forecasts for colder weather and higher heating demand over the next two weeks than previously expected. Futures “are seeing large gains today