No shocks there then
– prices will remain extremely volatile
– oil seen averaging $53 per barrel in 2015 & 2016
– current prices require significant govt expenditure adjustment in Russia in 2016 and beyond
Earlier Reuters produced the results of a poll that saw Brent averaging $55.3 in 2015 vs previous estimates in August of $57.40 and US crude to average $50.30 vs $51.70 prev