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Bank of America Merrill

Bank of America Merrill latest

Brent has bounced back above $60 a barrel and we retain our $70 a barrel forecast for 2019 (Shutterstock)
January 14th, 2019 - 08:16 GMT

Oil Price Average Projected at $70 This Year

Bank of America Merrill Lynch has retained its forecast that oil will average at $70 this year, after prices rebounded from a two-year low in December.
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US sanctions could prove ineffective if rising oil prices largely make up for any lost Iran volumes. (Shutterstock)
July 8th, 2018 - 08:27 GMT

Report: Iran Export Curbs to Increase Oil Price to $9 per Barrel

As the 2020 Expo approaches, the Dubai economy is showing signs of rebounding. (Pixabay)
June 24th, 2018 - 12:24 GMT

Will Dubai's Economy Recover Anytime Soon?

Prices of petrol have been increased by 14 fils a litre. (Shutterstock)
May 29th, 2018 - 06:45 GMT

Petrol Prices Reach Highest Levels Next Month in UAE

Economies with high income elasticity of demand also have high price elasticities, suggesting oil may be capped at $80/b. (Shutterstock)
April 25th, 2018 - 08:15 GMT

Oil Is on the Boil Again as Price Tops $75 a Barrel

Bank of America Merrill Lynch forecasts Saudi Arabia will continue to push forward with its reform process regardless of the rising price of oil. (Shutterstock)
April 24th, 2018 - 08:25 GMT

Saudi Arabia Economy in a 'Sweet Spot' Regardless of the Rising Price of Oil

The chaotic scene at OPEC’s ordinary meeting on December 4, 2015. (AFP/ File)
May 22nd, 2017 - 02:06 GMT

Stay, Cut or Hike Production: What Will OPEC Choose to Do?

With global oil stocks still too high and US supply recovering faster than anticipated, Brent is seen averaging $54 per barrel in 2017 and $56 per barrel in 2018. (File photo)
May 15th, 2017 - 02:00 GMT

Brent Oil Prices to Average $54 per Barrel in 2017, $56 in 2018: Experts

BofA Merrill Lynch expect the fiscal deficit to narrow this year on higher oil prices, but hover around 2015 levels. (File Photo)
March 2nd, 2017 - 06:00 GMT

Oman deficit will require external financing: BoA Merrill Lynch

Saudi Arabia is expected to increase its domestic gasoline prices by 30 per cent from July, but still has the cheapest gasoline prices in the world. (File photo)
March 1st, 2017 - 06:00 GMT

Saudi Arabia takes aim at budget deficit with fuel price hike, fiscal reform

Brent crude oil prices remain at one of the lowest levels in real terms in decades. (File photo)
February 23rd, 2017 - 06:42 GMT

Oil price forecast at $50-$70 for next five years

The US dollar stands out in a sea of fluctuating currency. (File photo)
August 3rd, 2016 - 10:00 GMT

US dollar continues upswing despite worldwide economic fluctuations

It’s always difficult to determine the bottom of a market. (Shutterstock)
June 21st, 2016 - 11:57 GMT

What goes down must go up? Investing in crashing markets

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