Experts: Oil prices may rise to $ 100 a barrel next year
Experts: Oil prices may rise to $ 100 a barrel next year
2021-02-12
An expert in the oil markets suggested an issue, today, Friday, that the price of a barrel of oil will rise to the level of $ 100 next year, despite the oil markets being under pressure due to the Corona virus crisis.
Amrita Sen, chief oil analyst at Energy Aspects, said in an interview with Bloomberg, that “oil prices may rise to $ 100 a barrel next year on the back of” very easy monetary policy. ”
In turn, Gennady Shamal, head of the Association of Oil and Gas Producers in Russia, said, “The price of oil reaching the mark of $ 100 a barrel in the near future is a fantasy, and the price of a barrel of oil at $ 60 is a convenient matter for the Russian budget.”
He explained that “the comfortable price for producing shale oil for US companies is about $ 45 a barrel, and when the price exceeds the $ 60 mark, additional oil is put on the market, causing the price to drop.”
Brent crude was trading today at $ 60.50 a barrel, and Brent rose yesterday for the ninth session in a row, and crude is heading towards the longest wave of gains since January 2019.
burathanews.com
