Energy Information Administration under the US Ministry of Energy has increased its forecast on Brent oil price for 2021-2022, APA-Economics reports citing the monthly report of the EIA.
Average price of the oil is expected to be USD 71,59 in 2021, which is USD 0,21 more in comparison with the previous forecast.
According to the information, this indicator in 2022 is expected to be USD 71,91, which is equal to the previous outlook.
According to EIA calculations, average price of a barrel of Brent oil was USD 41,69 last year.
According to the report, the average price of WTI is expected to be USD 69,02 in 2021 (according to previous forecast, USD 68,48). This indicator is expected to reach USD 68,28 in 2022 (according to previous forecast, USD 68,24).
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