Latest Breaking News On - S well as the reduction in free production capacity opec countries factors affecting global oil according to ihs - Page 1 : comparemela.com

MOSCOW - Brent oil prices may rise to USD135 per barrel in the second half of the year amid insufficient supply on the world market, the IHS Markit consulting agency (part of S&P Global) forecasts in its analytical report, which was available to TASS. Currently, Brent oil price is USD110 per barrel. However, already in the third quarter of 2022, the price may rise to USD136.3 per barrel, IHS experts said. In the second half of the year, the price of oil will stay at USD135 per barrel and on average for the year it will be USD122 per barrel, IHS added. According to agency experts, high prices are caused by the lack of oil supply. The experts cited the decline in oil production in Russia due to sanctions, low probability of reaching an agreement on the Iranian nuclear deal, which will not allow Iranian oil to be brought to the market, as well as the reduction in free production capacity in OPEC+ countries as the factors affecting the global oil production. According to IHS, as of the

Saudi arabiaMoscow brent oil prices may rise to usd135 per barrel in the second half of year amid insufficient supply on world marketHe ihs markit consulting agency part ofs ampp global forecasts in its analytical reportHich was available to tass currentlyRent oil price is usd110 per barrel howeverLready in the third quarter of 2022He price may rise to usd136 3 per barrelHs experts said in the second half of yearHe price of oil will stay at usd135 per barrel and on average for the year it be usd122Hs added according to agency expertsIgh prices are caused by the lack of oil supply experts cited decline in production russia due to sanctionsOw probability of reaching an agreement on the iranian nuclear dealHich will not allow iranian oil to be brought the marketS well as the reduction in free production capacity opec countries factors affecting global oil according to ihsS of the second quarter 2022He amount of free production capacity in opec countries is estimated at 2 7 million barrels per day however