The US Department of Energy lowered its forecast for the average price of Brent crude oil in 2024. This figure decreased by 11% compared to the previous estimate, reaching $82.57 per barrel. TASS citing the report of the Energy Information Administration (EIA) of the mentioned American agency.
The difference between Washington’s current and historical estimates of average fuel costs was more than $10, according to the agency. At the same time, the US Department of Energy expects the average price of Brent oil to be 82.4 dollars per barrel by the end of 2023.
Additionally, agency analysts also downgraded the projected daily fuel production in the state for next year. The corresponding value decreased to 13.11 million barrels of oil, which is 40 thousand barrels less than the previous estimate.
At the same time, ministry officials raised their daily oil production estimates in the United States for this year. Currently, this figure reaches 12.92 million barrels per day; This is 30 thousand barrels more than the previous report.
December 12 price of February futures contracts of Brent oil fell rose to $72.96 per barrel. The price of this fuel fell below $73 per barrel for the first time since June 28, 2023.
Previously in the USA named The condition for reducing world oil prices to 50 dollars per barrel.