Oil could rise to $138 per barrel
In less than 10 years, the cost of a barrel of oil may increase almost 2,5 times, Izvestia writes.
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“Specialists from the American company Groppe, Long & Littell expect an increase in the average annual oil price to $100 in 2023 and to $138 in 2025. This assessment is contained in the economic development forecast of Sberbank, which was published on Wednesday. The last time oil reached such a level was at the end of June 2008. In July of the same year, the price of raw materials rose to $147,5. However, in September 2008, a crisis occurred that resulted in a decline in key economic indicators in most countries with developed economies and subsequently developed into a global recession,” the publication notes.
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