Energy expert expects oil prices to remain volatile in 2023

[21-01-2023 12:58 PM]

Ammon News - Jordanian energy expert Hashim Akel said that oil prices in 2023 will remain volatile, but they are supported by a shortage of supplies.

In a statement to Ammon, Akel expected that the average oil price during the current year will remain below $100 pe barrel, which is the average global benchmark Brent crude for 2022.

At the same time, he pointed out that the course of oil prices is still foggy for the current year, and depends on economic results in major.

He explained that if the economic weakness in China, Europe or US continues or worsens, oil prices may decline to less than the current levels of $85 a barrel.

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