The US Department of Energy raised the forecast for oil prices for 2022-2023
15:12 09.03.2022 4262
The US Department of Energy raised its Brent oil price forecast for 2022 from $82.87 p/b. To $105.22 p/b, follows from the data of the monthly forecast of the department's Energy Information Administration (EIA), Interfax reports.
The agency also raised its estimate for Brent for 2023 from $68.48 p/b. Up to $88.98 p/b.
Brent spot prices averaged $97 p/b in February, up $11 from January, according to the ministry. The pressure on the price of oil, first of all, was caused by market anxiety against the backdrop of the armed conflict in Ukraine.
The agency predicts that in March the average price for Brent will be $117 p/b. According to EIA estimates, in the second quarter, the average cost of a barrel of Brent will be $116, and in the second half of 2022 - $102.
“We expect the average price to fall to $89 p/b in 2023. However, this price forecast is highly uncertain. Actual price results will depend on the extent to which existing sanctions imposed on Russia, as well as potential future sanctions, will affect production oil in Russia or the sale of Russian oil on the world market», the report says.
At the same time, the ministry maintains the forecast for an increase in world oil reserves by 0.5 million barrels per day from the second quarter of 2022, but notes that in the event of a slowdown, Brent prices may be higher than predicted.
In the future, we will make every effort for long-term cooperation with Turkmenistan in the gas sector, - head of CNPC
The commissioning of a new facility in the Bagtyyarlyk contract area, the opening of which was attended by the President of Turkmenistan, is an unforgettable event for both Chinese and Turkmen specialists. This was stated by the President of the CNPC Board of Management Hou Qijun, speaking to the participants of the celebration on the occasion of the commissioning of a new gas gathering station in the Farap etrap of the Lebap velayat.
Turkmenistan delegation takes part in UN Climate Change Conference COP29 in Baku
Turkmenistan delegation takes part in the Conference of the Parties to the UN Framework Convention on Climate Change (COP29), which is being held in Baku from November 11 to 22, the Ministry of Foreign Affairs of Turkmenistan reports.
The President of Turkmenistan took part in the opening of a new gas gathering station in Lebap region
As part of a festive trip last Saturday to the Lebap region, President of Turkmenistan Serdar Berdimuhamedov took part in the solemn ceremony of commissioning a new gas gathering station.
Investments in «clean» energy and infrastructure for it in the world in 2024 will reach two trillion dollars – UN
Investments in «clean» energy and infrastructure for it in the world in 2024 will reach two trillion dollars, which is almost 2 times more than investments in fossil fuels. This was stated by the Executive Secretary of the UN Framework Convention on Climate Change Simon Steele at the Conference of the Parties (COP-29), which is taking place in Baku.
IUOG named after Ya. Kakayev and Petronas Carigali (Turkmenistan) signed a Memorandum of Understanding
The International University of Oil and Gas named after Yagshygeldi Kakayev and Petronas Carigali (Turkmenistan) Sdn Bhd signed a Memorandum of Understanding, the News Portal of the State Television and Radio Broadcasting Company of Turkmenistan reports.