The World Bank predicted an increase in the level of oil prices in the period from 2023 to 2025. report about the development prospects of the world economy.
“Crude oil prices are projected to average $80/bbl in 2023 and decline by $8/barrel as of January and rise to $82/barrel in 2024, reflecting moderate growth in demand,” the report says.
At the same time, natural gas and coal prices are expected to decline in 2024 due to the EU’s efforts to increase the efficiency of energy savings.
Nikolay Shulginov, former head of the Ministry of Energy of the Russian Federation declarationThe continuation of Western countries to buy gas and oil from Russia in roundabout ways.
On December 5 last year, the European Union’s embargo on offshore oil supplies from Russia went into effect. The G7 countries, the EU and Australia have imposed an upper cap on the price of Russian oil supplied by sea for their ships and territories at US$60 per barrel.