Energy Information Administration under the US Ministry of Energy has increased its forecast on price of oil for 2021-2022, APA-Economics reports citing the monthly report of the EIA.
Average price of the oil is expected to be USD 71,38 in 2021, which is USD 2,77 more in comparison with previous forecast.
According to the information, this indicator in 2022 is expected to be USD 71,91 (an increase of 5,87).