EIA increases its forecast for Brent oil this year

EIA increases its forecast for Brent oil this year
  • Clock-gray 10:40
  • calendar-gray 10 September 2020

The energy information administration of the US Department of Energy (EIA) raised its forecast for the average price of Brent crude oil in 2020 to 41.9 per barrel with the same 41,42 dollars for barrel, APA-Economics reports citing EIA's monthly report.

For 2021, the forecast for the price of Brent crude oil was lowered to $49.07 from $ 49.53 per barrel.

Also, the EIA forecast for the average price of WTI crude oil for 2020 increased to $38.99 per barrel against the August estimate of $38.5, and for 2021 — lowered to $45.07 per barrel from $ 45.53.

Mirsaid İbrahimzade

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