Baku 7° C
Goldman Sachs: Brent price may exceed $80 per barrel this year
Energy
- 03 September, 2021
- 05:26
The cost of Brent crude oil in the fourth quarter of 2021 may exceed $80 per barrel, Jeff Currie, Goldman Sachs head of Commodities Research, said in an interview with CNBC, Report informs.
He noted that the reason for the rise in oil prices might be a limited supply and stable demand.
“Demand is reaching those pre-COVID levels, and now the big question is supply,” he added.
As of 23:00 (GMT+4) on September 2, the price of Brent was $72.85 per barrel. WTI was trading at $69.81.
Author
Latest News
21:06
Lithuania prolongs sanctions against Russia, Belarus until end of 2027
Other countries20:44
Agreement on cooperation between Azerbaijani and Georgian interior ministries approved
Foreign policy20:27
Azerbaijan and Pakistan discuss strengthening economic cooperation
Business20:12
President orders celebration of Azerbaijani poet Khagani Shirvani"s 900th anniversary
Domestic policy19:52
PM: Lithuania will use funds from EU loan to strengthen air defense
Other countries19:28
Iran says ready for dialogue with US
Other countries19:07
Photo
Azerbaijan and EC mull energy partnership priorities
Energy18:28
Photo
Jeyhun Bayramov visits Museum of Communist Party of China
Foreign policy18:21