Politics

Fitch: Oil prices will rise

The price of Brent oil will be around $ 45 next year, $ 53 in 2022, and $ 55 in the upcoming period.

According to a study by Fitch Ratings on the future development of the market, WTI oil will be sold for up to $ 3 cheaper than Brent.

Fitch notes that prices will rise mainly due to the OPEC + oil production cut deal.

“We expect OPEC + to periodically adjust the two-year agreement reached in April 2020 to avoid a large production surplus or deficit, which supports our expectations of a gradual recovery in oil prices,” the document said.

Report

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button