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Bullboard - Stock Discussion Forum Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

Energy Oil & Gas E&P
Valeura Energy Inc. is an upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and the Thrace Basin of Turkiye. The Company holds an operating working interest in four shallow water offshore licenses in the Gulf of Thailand, which include G10/48 (Wassana field), B5/27 (Jasmine and Ban Yen fields), G1/48 (Manora... see more

TSX:VLE - Post Discussion

Valeura Energy Inc > Oil price 2024
View:
Post by goldwatch69 on Dec 25, 2023 11:42am

Oil price 2024

EIA’s 2024 Forecast and U.S. Production

The U.S. Energy Information Administration (EIA) lowered its 2024 price forecast for Brent crude to an average of $83 per barrel, a decrease from the previous estimate of $93 per barrel, despite OPEC+’s recent production cut announcement.

Comment by AucontraireII on Dec 25, 2023 5:45pm
All well and good, but neither they nor anyone else has clue 1 as to what the price of oil will be next year or anytime in the future.  Sorry.
Comment by Suppe11 on Dec 26, 2023 6:43am
....and IF someone would have a clue...he won't tell you. I'm generous and I will share my power to foresee: The price won't stay the same, negative oil price is the floor and moon is the limit.
Comment by goldwatch69 on Dec 26, 2023 7:53am
Yeah sure that helps a lot  ... One thing that's fairly evident is the recent bottom just under $70 for crude.  Next leg appears to be range bound between $70 and $80.  It seems that oil is heading higher for the short term.  Even with the latest news of reduced exports, higher production and increased inventory, oil price is defying logic.
Valeura Energy Inc