EIA expects Brent to reach $91 per barrel by 2050 - Breaking The News

EIA expects Brent to reach $91 per barrel by 2050

15 April

1 min read

EPA-EFE/ETIENNE LAURENT

The United States Energy Information Administration (EIA) said on Tuesday in its Annual Energy Outlook that the Brent spot price is expected to reach $91 per barrel in 2049, and remain at that level through 2050. As of 2025, the Brent crude price is estimated to average $72 per barrel.

Meanwhile, the West Texas Intermediate (WTI) spot price is projected to be at $89 per barrel in 2049 and 2050, while the price of $68 per barrel is projected for 2025.

Additionally, the agency expects energy consumption in the US to decline in the coming years and start increasing in the early 2040s, stressing that energy consumption in 2050 is projected to be lower than in 2024.

oil energy eia

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