# Supply risks to bolster oil; OPEC unlikely to fill deficit - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> A Reuters poll of 35 economists and analysts forecasts Brent averaging $72.58 and WTI $66.79 in 2018, both slightly higher than last month's forecasts. Respondents cited supply disruptions in Libya, Venezuela and Canada's Syncrude, and said OPEC extra output will not fully meet rising demand.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/64685-supply-risks-to-bolster-oil-opec-unlikely-to-fill-deficit-energy-news-top
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Forecasts of persistent supply deficits support crude prices, which feed into biofuel economics and soybean oil and corn ethanol margins.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-11-14 | [Oil Rises on Signs of U.S. Supply Drop, OPEC’s Shale Outlook - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/56235-oil-rises-on-signs-of-u-s-supply-drop-opec-s-shale-outlook-energy-news-top.md) | +1.2% | +3.6% |
| BRENT | 2017-12-12 | [SHORT-TERM ENERGY OUTLOOK - See the December 12th Report HERE: U.S. Energy Information Administration - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow](https://feedsoft.ai/events/67658-short-term-energy-outlook-see-the-december-12th-report-here-u-s-energy.md) | -1.9% | +6.7% |
| BRENT | 2021-08-31 | [OPEC+ Sees 2021 Oil Deficit, 2022 Surplus as Supply Revived - Bloomberg](https://feedsoft.ai/events/45472-opec-sees-2021-oil-deficit-2022-surplus-as-supply-revived-bloomberg.md) | -0.4% | +8.7% |
| BRENT | 2025-05-14 | [OPEC expects slower 2025 oil supply growth from rivals after price drop](https://feedsoft.ai/events/24854-opec-expects-slower-2025-oil-supply-growth-from-rivals-after-price-drop.md) | -0.9% | +5.6% |
| BRENT | 2024-02-01 | [OPEC Cuts Oil Production as Coalition Begins New Supply Pact - Bloomberg](https://feedsoft.ai/events/31566-opec-cuts-oil-production-as-coalition-begins-new-supply-pact-bloomberg.md) | -2.6% | +1.9% |
| WTI | 2019-11-14 | [Oil Rises on Signs of U.S. Supply Drop, OPEC’s Shale Outlook - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/56235-oil-rises-on-signs-of-u-s-supply-drop-opec-s-shale-outlook-energy-news-top.md) | -0.2% | +3.9% |
| WTI | 2017-12-12 | [SHORT-TERM ENERGY OUTLOOK - See the December 12th Report HERE: U.S. Energy Information Administration - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow](https://feedsoft.ai/events/67658-short-term-energy-outlook-see-the-december-12th-report-here-u-s-energy.md) | -1.2% | +9.8% |
| WTI | 2022-06-28 | [US soyabean oil prices rise due to tight supply and surging energy…](https://feedsoft.ai/events/41032-us-soyabean-oil-prices-rise-due-to-tight-supply-and-surging-energy.md) | -9.0% | -12.6% |

## Sources

- energynow.com: https://energynow.com/2018/06/supply-risks-to-bolster-oil-opec-unlikely-to-fill-deficit/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.