Oil & Gas Sector Update - Global slowdown weighs on oil prices
  • 10 May 2023
  • Sector Reports
We lower our average Brent oil price assumption for 2023F by 17% to USD75/bbl (-24% YoY). As of May 5, the YTD average Brent oil price was USD82/bbl — 9% lower than our previous 2023F of USD90/bbl. The average price is lower than the previous consensus ex