2015 price forecasts cut to $97/b for Brent, $89/b for NYMEX * Market should look to Saudi exports, not production * Softer prices risk Saudis losing market control * Discounted OSPs suggest Saudis looking to regain market share Should world crude prices continue to weaken into 2015, any forward price support will likely have to come from supply cuts, rather than increased demand, Credit Suisse analysts said Tuesday. And even though there has been no evidence yet of a pullback in Saudi Arabian production, the investment bank’s top oil economist Jan Stuart said in a conference call that Saudi Arabia will play a key role in balancing the market. Amid a steadily bearish fundamental picture, Credit Suisse analysts this week cut their 2015 forecasts for ICE Brent and NYMEX crudes to $97/barrel and $89/b, respectively. Article continues below… Oilgram Price Report is […]