EIA decreases its forecast on Brent and WTI in 2020-2021

EIA decreases its forecast on Brent and WTI in 2020-2021
  • Clock-gray 10:08
  • calendar-gray 11 November 2020

Energy Information Administration under the US Ministry of Energy forecasts average price of a barrel of Brent oil to be USD 40,61, which is less by 1.41% in comparison with the previous forecast, APA-Economic reports citing EIA's monthly report.

According to the previous forecast, average price of Brent oil was expected to be USD 41,19.

According to the information, average price of the mentioned brand of oil to be USD 46,59 in 2021. It is 1.02% less in comparison with the previous forecast.

The Agency forecasts average price of WTI oil to be USD 38,24 this year (a decrease of 1.34%), while USD 44,24 in 2021 (a decrease of 1.07%).

Emil Ismayilov

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