HomeMediaLatest NewsRoom for maneuver: when oil will break the bar of $100 per barrel

Room for maneuver: when oil will break the bar of $100 per barrel

27 January 2022

Salikhov Marcel R. President, Principal Director on Economic Studies, Head of the Economic Department

Marcel Salikhov, President of the Institute for Energy and Finance, commented on the oil prices dynamics to the Izvestia newspaper.

An increase in the price of Brent to $100 per barrel may occur in the first quarter of 2022, since it is during this period that there is usually a seasonal increase in demand for black gold in the world and the market is in short supply, that is, demand exceeds supply, Marcel Salikhov told.

- This creates conditions for price increases. A similar situation is observed this year. However, starting from the second quarter, the global market will become surplus due to a decrease in demand and an increase in supply from both OPEC + and other countries,” the expert explained. - Also, the end of the heating season, most likely, will lead to a decrease in gas prices, and the factor of replacing it with oil products will be exhausted.

Under these conditions, the opportunities for further growth in oil prices will be limited, he concluded.
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