By: Inspenet, December 15, 2022.
Oil prices could rise next year as sanctions cut Russian supplies and demand exceeds earlier expectations, the International Energy Agency said.
Russia’s output, which defied the agency’s earlier predictions of collapse this year, is poised to fall 14% by the end of the first quarter, the Paris-based IEA said in a report this week. If that forecast comes true, it could reverse the recent trend in oil futures, which fell to $80 a barrel in London after their worst weekly drop in four months.
While lower oil prices are a welcome relief for consumers facing rising inflation, the full impact of the embargoes on the supply of Russian crude and products remains to be seen,” the IEA said. “As we move through the winter months and into a tighter oil balance in the second quarter, another price rally cannot be ruled out.”
The IEA, which advises major economies, strengthened forecasts for global oil demand in 2023 by 300,000 barrels a day amid strong growth in India and surprising resilience in China. Consumption will grow by 1.7 million barrels per day next year to average 101.6 million per day.
Source : https://petrobanca.com/la-aie-dice-que-los-precios-del-petroleo-pueden-subir-el-proximo-ano/
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