Analysts predicted low oil prices for the world in 2021. According to Fitch experts, a barrel of Brent will cost $ 45 next year, CNBC writes.
As explained by the senior director of the Fitch group for natural resources Dmitry Marinchenko , agency assumes that the demand for oil in the first half of next year will remain weak, because the mass vaccination of the population of different countries from the coronavirus will take time. Hence, commodity price forecasts are more cautious than other analysts, he said.
For comparison, Refinitiv experts are more optimistic about quotes in 2021. They predict that Brent will cost around $ 49.35 a barrel next year. Goldman Sachs expects the price of a barrel of Brent to be $ 55, writes Reuters .
Previously Bloomberg agency informed about the end of the oil era. It pointed out that British oil giant BP made a similar forecast in September, and then similar assessments began to sound everywhere. Even OPEC agreed that the era of hydrocarbon fuel is drawing to a close. However, there are still a couple of decades left before its final completion.