Oil prices in 2021 may fall to $ 30-35 per barrel, said a leading analyst at the investment company QBF Oleg Bogdanov in an interview with Izvestia ” a >.
According to him, this is due to the announcement of lockdowns in Europe and the United States amid the coronavirus pandemic. In addition, the general situation was influenced by information about the mutation of the coronavirus in the UK. “Oil prices began to fall again. I think that in the first quarter of next year we will face the development of a negative scenario in world markets. Risks will grow, asset markets will go down, including oil,” the expert said.
In turn, the President of the Russian Independent Fuel Union Pavel Bazhenov noted that next year we should not expect pre-crisis oil prices. According to him, the cost of fuel within the country will change according to the 2020 scenario – not higher than inflation. “Most likely, world quotes will be in the range of $ 45-50 per barrel,” he said.
Previously, The Wall Street Journal reported that this year was the worst for oil companies and the market over the past 10 years. In the first nine months alone, oil producers wrote off assets worth $ 145 billion. For example, in 2015, this amount was half that ($ 72.1 billion). At the same time, this year’s statistics did not include the write-off of ExxonMobil for $ 20 billion ( in the fourth quarter), as well as a $ 10 billion write-off of Chevron.