Energy Information Administration under the US Ministry of Energy has increased its forecast on price of Brent oil, APA-Economics reports citing the monthly report of the EIA.
Average price of the oil is expected to be USD 68,78 in 2021, which is USD 3,59 more in comparison with previous forecast.
According to the information, this indicator in 2022 is expected to be USD 66,64 (an increase of 6,15).
According to EIA calculations, average price of a barrel of Brent oil was USD 41,69 last year.
According to the report, average price of WTI is expected to be USD 65,85 in 2021 (according to previous forecast, USD 61,85). This indicator is expected to reach USD 62,97 in 2022 (according to previous forecast, USD 56,74).