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EIA predicts average crude oil price in 2022

 Last Update: 2021-12-27
 Source: Internet
 Author: User

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crude oil live

short term energy

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Recently, the U.
S.
Energy Information Administration (EIA) issued a short-term forecast that the average price of Brent crude oil in 2022 will be US$70 per barrel, a year-on-year decrease of 0.
8%
.

EIA pointed out that in 2022, OPEC+ and U.
S.
crude oil production will increase, and global supply growth will exceed demand growth
.

Therefore, the average price in 2022 is expected to drop to 70 US dollars per barrel

The agency also lowered its forecasts for oil and liquid fuel demand for the fourth and first quarters, and raised its expectations for OPEC+ and U.
S.
oil production
.

EIA predicts that Brent crude oil prices will remain at around US$73 per barrel from January to March 2022

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