Timely analysis from Fitch
Prices may see little growth before 2018
Expects supply and demand to be broadly balanced in H1 2017, and more of a pronounced deficit from H2 2017
Sees significant uncertainty about the future path of prices
Keeps 2017 forecasts for Brent and WTI prices Unchanged at an average of $45.00
2018 unchanged at $55
Forecasts 2019 at $60
Forecasts do not take into account any action from OPEC meeting
Speaking of which, oil markets are looking less bullish about the OPEC deal with Brent circling around the $47 mark.
