The phrase "are likely to offset" is correct and usable in written English.
It can be used when discussing the potential for one factor to counterbalance or negate the effects of another factor.
Example: "The increased costs of production are likely to offset the savings achieved through automation."
Alternatives: "are expected to counterbalance" or "are anticipated to neutralize".
But if Iran pulls modest amounts of its oil from international markets, price increases are likely to offset (perhaps completely) any loss in revenue from the supply cut.
Indeed, Lawrence H. Summers and J. Bradford DeLong assert in a recent paper that under these conditions, expansionary fiscal policy is likely to be self-financing – the future gains in potential output are likely to offset the policy's cost.
Coexistence constraints associated with application of GM OSR are likely to offset possible GM gains by substantially reducing farmland for OSR cultivation, thus contradicting the political aim to increase domestic OSR area to meet the combined demands of food, feed and biofuel production.
On top of this, cuts by state governments, which are constitutionally bound to balance their budgets, are likely to offset as much as half of any easing by the federal government this year.This increases the pressure on the Federal Reserve to cut interest rates soon.
In short, as housing cools, other booming sectors are likely to offset the effects of the slowdown.
3. Really Diversify Your Portfolios: You need positions in your portfolios that are likely to offset each other as unexpected events and market movements become a reality.
Overall, following this policy is likely to offset only a small percentage of the cost.
The low rating given to productivity in the public services and the lack of high productivity service industries is likely to offset higher productivity from the manufacturing sector.
Credit market analysts say a heavy schedule of new Treasury borrowings over the next month is likely to offset any positive effect of a slowing of economic growth and inflation.
The National Sleep Foundation praised the decision to increase the required off-duty hours to 10, but said, "Increasing the allowable hours of continuous driving time by an hour and permitting a total of 14 hours of continuous work time per day is likely to offset other gains and continue to provide adverse risks for commercial drivers and others on the road".
A recovery in oil and gas production in September could also boost the final estimate after it dragged the preliminary figure down by an estimates 0.1 percentage points, though the mild weather since July, when production fell sharply, is likely to offset a recovery in this vital sector.
