Business

Oil prices at their highest in years, set to exceed pre-pandemic levels by 2022

Brent crude oil futures reached $ 72.73 per barrel on Friday

Oil demand is expected to exceed previous levelsPandemic Levels by the end of 2022, according to the International Energy Agency (IEA).

Is Reported by the Financial Times Its consumption fell by a record 8.6 million barrels per day in 2020 due to mandatory closures around the world.

The IEA is expected to grow 3.1 million barrels per day in 2022, averaging 99.5 million barrels per day, above the level of demand last seen before the coronavirus pandemic towards the end of the year. Is expected.

However, the agency also said oil recovery is likely to be “uneven” between different regions and business units.Delay Vaccine deployment It can lead to further problems.

Oil prices on Friday also jumped to their highest levels in years, expected to rise for the third straight week, with short-term expectations that demand will recover around the world as regulations are relaxed.

-Advertising-

Brent crude oil futures are now $ 72.73 per barrel, The day after the store closed at the highest point since 2019.

Goldman Sachs analysts believe Brent crude could reach $ 80 a barrel this summer.

Support for oil prices Talks between Iran and other countries I got stuck over the nuclear deal.



Oil prices at their highest in years, set to exceed pre-pandemic levels by 2022

Source link Oil prices at their highest in years, set to exceed pre-pandemic levels by 2022

Related Articles

Back to top button