In its bid to regain the top spot on the list, CMC Markets Group (CMG) has cut its forecast for global oil prices to $45 a barrel by mid-2018, from $50 a barrel in October, while its estimate for world gas prices to hit $100 a barrel this year from $115 a year earlier.

“The reality is that there’s still an opportunity to drive growth,” said the company’s chief executive officer, Jim O’Neill.

“We’ve taken the bolder approach to the world of energy that we’ve seen from others.

We think this is the best chance for us to win.”

The company, whose shares have fallen over 20% since the start of the year, forecast that global oil demand would hit 10.8 million barrels per day in 2018, up from 7.7 million bpd in 2018.

That’s up from 6.4 million bd in 2018 and 6.2 million bp in 2017.

That means CMC expects demand growth to accelerate from 10.6% in 2018 to 10.7% in 2019.

CMC also forecast global gas demand to rise from 4.2 billion cubic feet a day in 2019 to 4.3 billion cubic-feet a day by the end of 2020.

The company’s other forecasts for 2018 include: 1.5 million bmpd of U.S. shale gas output, down from 4 million bms in 2018; and 1.9 million bmes of Canadian gas output.

Both forecasts will have to be met to hit the target.

CMA’s forecast for the global energy market has grown from 4% in 2017 to 4% this year, but the company has been more aggressive than other companies about its efforts to drive more global gas production.

“That’s what we have to do to win in the market,” O’Neill said.

“I think we are in a good position.”

Oil prices have rallied to their highest level since June of 2016, driven by a glut of oil in the Middle East and North Africa.

CME Group (CME) reported Thursday that oil inventories rose by 0.7 mbpd for the first time in four months, adding to signs that oil prices could rise further in the coming weeks.