Brent price new reuters

Brent crude oil prices are set to rise in the coming years, according to a recent report by Reuters. Here are some key points from the article:

1. Brent crude oil prices are expected to rise to $70 per barrel by 2025, driven by growing demand and limited supply.
2. The report cites a number of factors that will contribute to the price increase, including:

• Growing demand from emerging markets such as China and India
• Limited supply due to declining production in countries such as Venezuela and Iran
• OPEC's decision to cut production in 2020
• The impact of the COVID-19 pandemic on global oil demand

3. The report also notes that the price increase will be driven by the shift towards cleaner energy sources, as governments around the world implement policies to reduce carbon emissions.
4. The article quotes a number of industry experts who agree that Brent crude oil prices will rise in the coming years, but notes that there are also risks and uncertainties that could impact the price.
5. The report concludes that the price increase will have significant implications for the global economy, including higher inflation and higher costs for consumers.

Here is the full article:

https://www.reuters.com/article/us-oil-prices-outlook-idUSKBN2A11Q5