• 17/06/2024 19:36

The US Department of Energy raised its forecast for world oil prices

The US Department of Energy raised its forecast for world prices for benchmark North Sea oil Brent for 2024 by 1% to $88.55 per barrel. This is stated in the report of analysts of the Energy Information Administration (EIA) of the American agency, enkorr reports.

The US Department of Energy has raised the forecast for world oil prices

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The preliminary assessment of experts assumed average annual prices for Brent at $87 per barrel. Thus, the forecast was raised by $1.55.

Analysts also increased their estimate of the cost of the reference grade of raw materials for 2025. It is expected that a barrel of Brent oil next year will cost an average of $86.98 instead of the previously predicted $84.8.

In addition, the US Department of Energy has raised its forecast for daily oil production in the country for 2024. According to experts' expectations, the figure will be at the level of 13.21 million barrels (plus 20 thousand compared with the preliminary estimate).

In 2025, the average daily volumes of raw material production in the United States will reach 13.72 million barrels .


Earlier, the chief executive of the world's largest energy trader Vitol, Russell Hardy, said that this year oil prices will fluctuate in the range of $80-100 per barrel, and global demand for ” “black gold” will increase by 1.9 million barrels per day.


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