Azerbaijan news
Oil forecast changed – Price will hit “fountain”
USA The Ministry of Energy has adjusted its forecast for the price of Brent standard oil in 2022 from $ 103.35 to $ 107.37.
USA According to the Energy Information Administration (EIA) of the Ministry of Energy, in July-December 2022, Brent quotations averaged 108 per barrel. dollars will remain at the level of 97 in 2023 dollars/ will drop to the barrel.
In addition, the Department of Energy in 2022 USAdaily oil production forecast in 10 increased by 1,000 barrels to 11.92 million barrels per day.
Next year, production expectations will increase by 120,000 barrels to 12.97 million barrels per day. This can become the maximum level of oil production in the country.