Oil prices will average close to $80/barrel in 2019, says S&P Global Platts

Interview with associate director at S&P Global Platts

Brent crude prices have surged over 27 per cent in 2018. PAUL HICKIN, the London-based associate director at S&P Global Platts, tells Puneet Wadhwa that according to their latest survey, oil prices are likely to inch higher in the coming quarter. Whether or not it touches $100 per barrel will depend on how much supply is cut in the coming months, he said. Edited excerpts:

Your forecast of $80 per barrel on Brent has come true. Where do we go from here in the next 6-12 months?

The consensus from analysts seems to be that oil will average close to $80 a