IMF changes oil prices forecast for 2022

IMF changes oil prices forecast for 2022

The International Monetary Fund (IMF) noted that the average oil price in 2022 is expected to increase by 11.9% compared to 2021 to $77.31 per barrel.

At the same time, next year, oil prices will decrease by 7.8% to $71.29 per barrel, the report said.

Futures markets indicate that oil prices will rise by about 12% in 2022 and natural gas by 58% (both significantly lower than in 2021), and will decrease in 2023 as the supply-demand imbalance is further will decrease more, the analysts said.

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