A number of specific factors affecting the growth of oil prices in 2022 will continue to operate in 2023, but the price of oil will not rise above $110 a barrel. About this RIAMO declaration spoke to analysts.
“It is unlikely that Brent oil prices will fall below $75 a barrel and it is unlikely to rise significantly above $110 a barrel,” said FG Finam analyst Andrey Maslov.
Analysts think geopolitics, economic recession in developed countries, energy demand in China and the imposition of marginal oil prices will continue to affect prices in 2023. Therefore, if the demand is at least at the current level, then oil prices will not fall.
According to Sergey Kikevich, director of the Savings Growth project and an independent financial advisor, supply has shifted to the Chinese and Indian markets after a series of restrictions on oil from Russia. Despite the fact that fuel is delivered to these countries at a certain discount, Russia needs reliable partners.
December 24, leading analyst of the National Energy Security Fund Igor Yushkov declarationWith Russia reducing its oil production, a situation will arise in which world prices for this fuel will rise.