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   How much will crude oil cost in 2021?

   • (13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA). This represents a rebound from the 2020 average of $41.69 per barrel, but it is still lower than pre-COVID levels.

   Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050

   knoema.com/infographics/yxptpab/crude-oil-price-forecast-2021-2022-and-long-term-to-2050

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   Will oil prices rise in 2021?

   • The International Monetary Fund, in its latest release of the World Economic Outlook, predicts a similar recovery scenario, with Brent oil prices rising to US$59.74 per barrel in 2021 and then to $56.23 in 2022. Oil price forecasts depend on the interaction between supply and demand for oil in international markets.

   Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050

   knoema.com/infographics/yxptpab/crude-oil-price-forecast-2021-2022-and-long-term-to-2050

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   How much will Brent crude oil cost in 2021?

   • WTI Crude Oil Price Forecasts from Different Sources (13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA).

   Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050

   knoema.com/infographics/yxptpab/crude-oil-price-forecast-2021-2022-and-long-term-to-2050

   See all results for this question

   How did the 2021 oil demand spike affect the US economy?

   • The 2021 oil demand spike gave Saudi Arabia and OPEC+ greatly enhanced, but temporary, oil market power. Crude oil prices above $60/bbl for WTI will permit US companies to increase crude oil production by 700,000 b/d from fourth quarter 2021 to fourth quarter 2022 and still have a free cash flow margin of 30% or higher.

   Global Crude Oil Markets Outlook 2021 | S&P Global

   www.spglobal.com/commodityinsights/en/ci/topic/global-crude-oil-markets-outlook-2021.html

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2. www.nytimes.com › 2021/10/19 › businessWhen Will Oil Prices Peak? Analysts Rethink Their Forecasts ...

   www.nytimes.com › 2021/10/19 › business

   Oct 19, 2021 · Analysts at Goldman Sachs predicted last week that the price of a barrel of oil could average $85 for the next few years. But some traders are betting that oil will rise much more. The most...

3. knoema.com › infographics › yxptpabCrude Oil Price Forecast: 2021, 2022 and Long Term to 2050

   knoema.com › infographics › yxptpab

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   Mar 13, 2022 · (13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA).

   • Author: Alex Kulikov

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5. www.spglobal.com › commodityinsights › enGlobal Crude Oil Markets Outlook 2021 | S&P Global

   www.spglobal.com › commodityinsights › en

   • Cached

   We project world oil demand will only increase 300,000 b/d from third to fourth quarter 2021. This slowdown will place greater importance on oil supply restraint if prices are to continue rising. The 2021 oil demand spike gave Saudi Arabia and OPEC+ greatly enhanced, but temporary, oil market power.

6. www.reuters.com › business › energyGoldman expects oil prices to hit $90 by year-end as supply ...

   www.reuters.com › business › energy

   Sep 27, 2021 · Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80, as a faster fuel demand recovery from Delta variant and Hurricane Ida's hit to production led...

7. oilprice.com › Energy › Energy-General5 Oil And Gas Predictions For 2021 | OilPrice.com

   oilprice.com › Energy › Energy-General

   • Cached

   Jan 27, 2021 · At year’s end, there are specific metrics that will indicate whether a prediction was right or wrong. 1. The average price of WTI in 2021 will be between $50/bbl and $55/bbl. Oil is...

8. www.iea.org › reports › oil-market-report-october-2021Oil Market Report - October 2021 – Analysis - IEA

   www.iea.org › reports › oil-market-report-october-2021

   • Cached

   Oct 14, 2021 · Global oil demand is now forecast to rise by 5.5 mb/d in 2021 and 3.3 mb/d in 2022 when it reaches 99.6 mb/d, slightly above pre-Covid levels. World oil supply has resumed its uptrend as OPEC+ continues to unwind cuts, the US bounces back from Hurricane Ida and maintenance winds down.

9. www.iea.org › reports › oil-2021Oil 2021 – Analysis - IEA - International Energy Agency

   www.iea.org › reports › oil-2021

   • Cached

   Mar 17, 2021 · Oil 2021, the IEA’s latest medium-term outlook, explains why. Rapid changes in behaviour from the pandemic and a stronger drive by governments towards a low-carbon future have caused a dramatic downward shift in expectations for oil demand over the next six years.