The US Energy Information Administration (EIA) revised down its oil price forecast for this year, citing the increase in global oil inventories.
PRICE ESTIMATES HAVE BEEN REVISED DOWN
In the “March 2023 Short-Term Energy Outlook Report” of the International Energy Agency (EIA), the average barrel price of Brent crude oil for this year was estimated to be $82.95. This figure was $83.63 in the February report. In the report, it was predicted that the price of a barrel of West Texas type (WTI) crude oil will be $77.10 for this year. WTI’s barrel price was estimated at $77.84 in February.
THE FORECASTS FOR THE NEXT YEAR HAVE NOT CHANGED
Price projections for the next year, on the other hand, remained unchanged. Accordingly, the barrel price of Brent crude oil is expected to be $77.57 next year, and the barrel price of WTI type crude oil is expected to be $71.57 next year. While the downward price revision pointed to the increase in global oil stocks, it was stated that high crude oil demand from refineries would limit the downward pressure on crude oil prices in the second quarter of the year.
CURRENT FUEL PRICES
- Gasoline: 20.48 TL
- Diesel: 21.54 TL
- Benzin: 20,85TL
- Diesel: 21.95 TL
- Gasoline: 20.81 TL
- Diesel: 22.01 TL