The US Department of Energy raised the forecast for oil prices

The US Department of Energy has revised its Brent oil price forecast by the end of the year from $102.09 to $102.13 per barrel.

The Information Department of the Ministry of Energy on Tuesday said that the price of Brent crude oil will be at $94 per barrel in the first quarter of 2023, and will rise to $98 by the last quarter of next year. per barrel.

The US Department of Energy expects the average price of a barrel of Brent oil in 2023 to be $95.

As for West Texas Intermediate (WTI) oil prices, it is expected to average $95.88 per barrel in 2022 and $89.93 per barrel in 2023.

And the US Department of Energy raised its forecast for daily US oil production in 2022 by 80,000 barrels per day, to 11.83 million barrels per day.

The Ministry of Industry and Trade lowered its forecasts for production in 2023 by 50,000 barrels of oil, to 12.31 million barrels per day.

Source: TASS