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The Han Research Institute predicts that this year's international oil price will average $85.46 per barrel per year

 Last Update: 2023-02-02
 Source: Internet
 Author: User

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According to Yonhap News Agency reported on January 6, the Korea Energy Economics Research Institute issued a report on January 6 predicting that this year's international oil price will stabilize compared with last year's $96.
32 per barrel, taking Dubai crude oil as the benchmark, the annual average will reach $85.
46 per barrel, the high price range is an average of $92.
85 per barrel, and the low price range is an average of $
77.
73 per barrel 。 Even in the context of the world economic depression, oil demand continues to recover, it is expected that this year's world oil demand will increase by 2.
2 million barrels compared with last year, exceeding the demand of previous years, coupled with the impact of OPEC+ production cuts and the EU embargo on Russian oil, it is expected that there will be excess oil demand in the second half of the year, and oil prices will remain strong
.
The report also pointed out that if the Fed maintains the tone of interest rate hikes and the dollar continues to strengthen, it will become a downward pressure
on oil prices.

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