Right on the button: Kpler’s 2024 oil forecast does it again

A little less than a year ago, a research update filled with pride lauded Kpler as having the best crude price forecast of 2023 amongst all commodity-focused analytical outlets. Analysing the accuracy of our assumptions in a separate analytical piece, we have set the bar exceptionally high, also challenging ourselves to maintain this tradition in the upcoming years. Were we to overshoot our 2024 outlook, the pressure of reputational damage would be all over the place, with our esteemed readers poised to casually recollecting Aristotle’s remark that ‘one swallow does not a summer make’. Luckily, for the second straight year our pricing forecast has surpassed all expectations and is at the very top of Brent prognostications in 2024.