The US Department of Energy has lowered the price forecast for Brent 2022 to $104.2

The US Department of Energy has lowered the price forecast for Brent 2022 to $104.2

The US Department of Energy has adjusted the price forecast for Brent naphtha for 2022, with a reduction from $104.78 to $104.21 per barrel, based on the Energy Information Administration (EIA) weekly forecast.

US Department of Energy lowers Brent 2022 price forecast to $104.2

With whom, the ministry has significantly raised Brent's price estimate for 2023 from $95.13 to $96.91 per barrel.

“Possibility of interruption in the supply of oil and more, lower estimated, increased vidobutka continued to create the potential for higher high prices for naphtha, then more, lower for lower predicted, savings ”, – says the star.

The authorities say that the average price for Brent is $98 per barrel. The Ministry of Energy points out that the average volume of crude oil of this brand will be lost at this rate until the end of the offensive fate.

According to the US Department of Energy estimates, the reduction of oil and rare hydrocarbons in the world in 2022 will be 99.53 million barrels /e), which is 2.1 mln b/d more than in 2021. In this manner, the EIA raised its forecast, soundings in sickle, by 100 thousand. b/d.

. According to the EIA estimate, oil will increase to 101.5 million barrels for production vs. 101.49 million b/d a month earlier.

According to the US Department of Energy, light will drink on naphtha growth in the fourth quarter of 2022 and in the first In 2023, the transition of the electric power industry on naphtha is hot, especially in Europe, through high prices for natural gas.