Repsol Reduces Oil Price Forecasts

  • Jul 24, 2020 NZST
  • Team Kalkine
Repsol Reduces Oil Price Forecasts

Repsol- the Spanish energy giant lowers the oil price assumptions, bringing its long-term outlook in line with the most of European rivals booking write-downs.

  • Repsol recently took write-down of USD 1.5 billion in the June 2020 quarter, post booking USD 6.61 billion in impairment in an upstream asset last year.
  • However, some companies such as Equinor are yet contouring bullish outlook with the oil price forecast of Equinor jumping to USD 80 a barrel for 2030.

 


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