In this Energy Watch we briefly review oil prices in 2015, a year which many investors will probably be glad to see the back of. We then set out our central forecasts for 2016 and out to 2020. However, given the current overhang of supply and significant uncertainty around future supply, we will also be writing a separate Focus in the next few weeks looking at different scenarios, including one in which prices remain low for even longer. We will also be delivering a second Energy Watch this month (as an early Christmas present for our readers) which will cover the outlook for natural gas and coal prices.
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