EIA decreased its forecast on oil prices for 2021

EIA decreased its forecast on oil prices for 2021
# 09 September 2021 09:47 (UTC +04:00)

Energy Information Administration under the US Ministry of Energy has decreased its forecast on the price of Brent oil, APA-Economics reports citing the monthly report of the EIA.

The average price of the oil is expected to be USD 68,61 in 2021, which is USD 0,1 less in comparison with the previous forecast.

According to the EIA forecast, this indicator in 2022 is expected to be USD 66,04.

According to EIA calculations, the 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 65,69 in 2021 (according to the previous forecast, USD 65,93). This indicator is expected to reach USD 62,37 in 2022.

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