EIA raises Brent price forecast to $65 for 2020
AzerTAg.az
15.01.2020 [12:55]
Baku, January 15, AZERTAC
The US Energy Information Administration (EIA) has raised its forecast on Brent crude oil spot prices for this year in its short-term energy outlook report.
EIA forecasts Brent crude oil spot prices will average $65 per barrel (b) in 2020 and $68/b in 2021, compared with an average of $64/b in 2019.
EIA expects West Texas Intermediate (WTI) crude oil prices will average about $5.50/b lower than Brent prices through 2020 and 2021.
“Beginning in mid-2020 and into 2021, EIA expects that tightening market fundamentals will be the main driver of upward price pressures, with forecast Brent prices increasing to $69/b at the end of 2021 and averaging $68/b for the year,” the agency said.
© Content from this site must be hyperlinked when used.
Report a mistake by marking it and pressing ctrl + enter
Other news in this section
18.01.2020 [13:09]
18.01.2020 [12:06]
17.01.2020 [19:59]
17.01.2020 [17:18]
MULTIMEDIA
18.01.2020 [23:30]
18.01.2020 [17:49]
19.01.2020 [11:56]
18.01.2020 [18:54]
18.01.2020 [16:35]
18.01.2020 [13:09]
18.01.2020 [12:06]
17.01.2020 [20:34]
08.01.2020 [14:50]
29.12.2019 [13:22]
26.12.2019 [13:58]
15.01.2020 [18:04]
12.01.2020 [15:55]
09.01.2020 [19:50]
14.01.2020 [14:37]
10.01.2020 [14:54]
29.12.2019 [13:59]
24.12.2019 [20:38]
18.12.2019 [13:55]
07.12.2019 [19:08]
07.12.2019 [11:46]
17.01.2020 [20:25]
15.01.2020 [13:52]
Text contains orthographic mistake
