Report

Oil Market Bulletin - Oil prices recovering despite stronger focus on energy transition

We expect the price of Brent to be range-bound between USD 50-60/bbl
With OPEC+ remaining committed to rebalance the oil market we expect the level of global oil inventories to go back to the 2019 level by year-end
With the new US administration putting an end on fossil fuels deregulation, we project no volume increase in the US shale space in 2021e
Risk factors with high potential impact on crude oil include a quick return of Iranian oil exports and a deterioration of the short-term outlook for oil demand
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Raiffeisen Bank International AG - Institutional Equity
Raiffeisen Bank International AG - Institutional Equity

The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.

The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

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