The Energy Report: Oil prices have been stuck in a $10-trading range in recent months. What are you predicting in the foreseeable future, and how does that affect your outlook for the companies you cover?
Michael Peterson: We expect range-bound crude prices through 2014. We’re forecasting a Brent price range of $100–120/barrel ($100–120/bbl) and $85–105/bbl for West Texas Intermediate (WTI). Demand should see incremental growth over these two years of between 1–1.5 million barrels per day (1-1.5 MMb/d) based on consensus gross domestic product (GDP) estimates, which … [visit site to read more]