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The oil exploration will be reduced in 2019 due to the slowdown in demand and excessive supply



Analysts in this sector are increasingly pessimistic about the possibility of rising prices next year, when demand is cloudy, while consumables are in a dangerous rhythm, although markets expect OPEC to cut production, Reuters said.

A poll of 38 economists and analysts predicts that the average world reference crude oil average would be $ 74.50 per barrel in 2019, compared with $ 76.88 in last month's forecasts.

The average Brent crude oil price is expected to reach $ 73.20 per barrel in 2018, which is largely in line with the average price from the beginning of the year to $ 73 per barrel.

The survey showed expectations for the average US crude oil price of $ 67.45 a barrel in 2019, compared to $ 70.15 in the previous poll. The average crude oil price was around $ 66.40 per barrel since the beginning of the year.

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