After a turbulent last quarter of 2018, it’s hard to tell where the oil price will go in the coming year. OPEC agreed to cut 1.2mn barrels per day of production in 2019, along with its allies, but the market didn’t react positively to the news. Instead, Brent crude dropped to $53 per barrel by end-2018, down from $86 in October.
Bart Cornelissen, Deloitte Middle East’s energy, resources and industrials leader, said he isn’t so concerned with short-term fluctuations, and noted a few key factors to watch out for going into 2019…Â
