U.S. DOE slightly lowered the forecast for the maximum price of Brent

According to the updated forecast of the US Department of Energy, by 2050, the maximum price level for Brent will be $170, and not $173 per barrel, as its previous forecast had provided. In the agency’s baseline scenario, the price of Brent is expected at $90 against $95 per barrel previously expected. The low mark of its cost has been reduced to $45 from $48 per barrel. According to a published report, the volume of oil produced in the United States per day is currently about 11 million barrels, approaching a historical record. According to the forecast of the ministry, this figure will reach 13 million barrels per day by 2030 and then for twenty years, will basically remain at this level. It is reported that the United States currently produces natural gas in the amount of about 991 billion cubic meters per year. Oil and gas until 2050 will remain the main sources of energy in the United States. At the same time, the consumption of renewable sources will increase in the country.

Source: xCritical.com