The gas shortage in the EU could lead to an increase in oil prices to $100 per barrel in the first quarter of 2022 due to a cold winter, Bank of America Merrill Lynch predicted.
The gas shortage in the markets is intensifying the rise in oil prices – today the price of the European benchmark for Brent oil was approaching $ 76 per barrel, which is the maximum in 2019.
“The gas deficit may worsen if the winter is cold, and this could raise oil prices to $100 per barrel already in the first quarter of 2022,” one of the world’s largest investment bank predicts.
The gas deficit in the EU remains due to the high demand for gas in Asia, where almost all tankers with liquefied gas are sent.
As a result, the price of gas on the stock exchanges has grown 5 times since the beginning of the year to almost $ 1,000 per thousand cubic meters.