|FOCUS15/08/20191Source:Bloomberg,PlattsandBNPParibas*ConversionfactorsforEuropeproducts:8.33forgasolineand7.45forgasoil.USconversionfactors42gallonstoabarrel.*Notethatforecastedannualaveragesarethoseatthetimeofpublicationandarenotamendedasandwhenrealisedquarterlyaveragesareupdatedinthetable.COMMODITIESFOCUS|Global15August2019PleaserefertoimportantinformationandMARdisclosuresattheendofthisreportHarryTchilinguirian,EconomistOil|BNPParibasLondonBranchOILPRICEFORECASTSANDOILBALANCETable1:RecentpricetrendsTable2:BNPParibas(periodaverage)priceforecasts*PriceforecastIssueDate2018Q1Q2Q3fQ4f2019fQ1fQ2fQ3fQ4f2020fNYMEXWTI(USD/bbl)15/08/1964.8154.7559.995550554850525451ICEBrent(USD/bbl)15/08/1971.5963.6968.566155625253545754Dubai(USD/bbl)15/08/1969.4263.2067.636154615152535553NYMEXRBOB(USD/bbl)15/08/1980.4866.3481.427360705770736767Eurobob(USD/bbl)15/08/1978.8764.2879.647359695467726565SGPPremUnl(USD/bbl)15/08/1980.2067.1875.127163695963676463NYMEXHeatingOil(USD/bbl)15/08/1987.9681.1483.457977807774727174ICEGasoil(USD/bbl)15/08/1985.6879.1182.067774787471697071SGPGasoil0.05%(USD/bbl)15/08/1984.0675.8779.977674767370686770USG3%FOWaterborne(USD/bbl)15/08/1961.4061.0461.264935522933374035NWE3%HSFO(USD/bbl)15/08/1959.1455.4558.234936503034394337SGP180cst(USD/bbl)15/08/1967.0063.9565.216045593638445042NYMEXRBOB(US¢/gal)15/08/19191.62157.95193.86174143167136167174160160Eurobob(USD/Tonne)15/08/19656.99535.47663.43608491575450558600541541NYMEXHeatingOil(US¢/gal)15/08/19209.43193.19198.69188183190183176171169176ICEGasoil(USD/Tonne)15/08/19638.32589.37611.35574551581551529514522529Prev.ClosePrev.Closevs.1Jan2019Prev.Closevs.2Jan201814Aug1914Jul1916Jun19Change%Change01Jan19Change%Change01Jan18NYMEXWTI(USD/bbl)55.2360.2152.518.6918.7%46.54-5.14-8.5%60.37ICEBrent(USD/bbl)58.9967.0062.044.317.9%54.68-7.56-11.4%66.55Dubai(USD/bbl)59.6365.8659.897.7815.0%51.85-4.73-7.3%64.36NYMEXRBOB(USD/bbl)70.3883.0372.7714.7026.4%55.68-3.67-5.0%74.05Eurobob(USD/bbl)69.8779.6571.6112.8522.5%57.02-3.12...
