Future Brent Pricing We should be cash flowing quite nicely come next year and beyond
https://www.theglobeandmail.com/report-on-business/top-business-stories/could-we-handle-brent-oil-at-up-to-270-a-barrel/article9438207/
“A return of world growth to slightly below pre-crisis rates would be consistent with an increase in the price of Brent crude far above early-2012 levels,” the organization says in a recent report.
“Based on plausible demand and supply equations, there is a risk that prices could go up to anywhere between $150 and $270 U.S. per barrel in real terms by 2020, depending on the responsiveness of oil demand and supply and on the size of the temporary risk premium embedded in current prices due to fears about future supply shortages,” it adds.
“These projections account for a negative feedback effect of higher oil prices on GDP.”
Over that period, the OECD says, total supply would climb by about 14 million barrels a day, probably from Canada’s oil sands and the shale boom in the United States.