HomeMediaLatest NewsThe imminent decline in oil prices to $ 80 per barrel

The imminent decline in oil prices to $ 80 per barrel

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to the Prime agency on the factors influencing the current dynamics of world oil prices.

The current round of growth in Brent oil prices to almost $ 90 per barrel is close to completion and a correction to $ 80-85 will soon occur, since there have been no fundamental changes in the market compared to winter, Alexey Belogoryev shared the forecast with RIA Novosti.

According to him, the current growth is primarily due to the reaction to the continuation of "strict OPEC+ production restrictions" in the second quarter amid volatility in commercial oil and petroleum products reserves in the United States. In spring and summer, the global market is likely to remain in a state of moderate supply shortage, the expert estimates.

 

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