Experts consider three scenarios – positive, negative, and realistic.
The price of a barrel of Brent crude oil in a positive scenario could rise to $173 by 2050. The Information Office shares this opinion at the US Department of Energy in a report published on Wednesday on developing the situation in global energy markets in the period up to 2050.
Experts consider three scenarios – positive, negative, and realistic. Experts focused their assessments on possible decisions of OPEC and non-member states, as well as on the global demand for hydrocarbons and the balance of the oil market.
In a positive scenario, “Brent crude oil prices will reach $173 per barrel by 2050 at the dollar exchange rate for 2020.” According to experts, “the price of oil will reach $48 per barrel in a negative scenario.” In a realistic scenario, “oil will cost $95 per barrel.”
Before the pandemic, the administration predicted that the oil price by 2050 would be in a positive scenario, $183 per barrel, at negative $46, and the realistic – $105 for 2019.
