Forecasts are mostly $4-$10 per barrel above predictions at the time of the 2022 survey, conducted before Russia's invasion of Ukraine, and up by around $20 compared with the 2020 survey, before the coronavirus pandemic.
Forecasts for 2023 are tightly clustered, with half of respondents expecting the average price to lie between $80 and $95, and more than 90% expecting the average to lie between $70 and $105. Forecast prices are $15-20 per barrel above where the futures strip was trading at the time of the survey, a similar premium to the one revealed in last year's survey, but up from a premium of around $10 before the pandemic.Understandably, there is more dispersion in forecasts for later years, reflecting greater uncertainty about the evolution of the business cycle and structural changes affecting the industry.
Davos has become picnic spot for elites of tech, oil, finance, firms as they destroy planet, economy and livlihood through inflation & reckless destruction of nature for cheap & absurd infrastructure which only creates health and economic risk for large population
Are you taking bets on this? There is NO WAY America will have the price at that level for the next 4 years. Even you know that reuters The only reason the price is $80, is because Biden has decimated the US's strategic oil reserves. That cannot last, impossible. As you know.
Source:
Biden, did you read this?
Yeah I bet! Welcome back America! Lets get back to work and production! Keep the American dream alive!! Parents raise your children well and always work hard and stay kind
Western expectations through media wouldn't Change the reality
Not if we decrease demand!