According to the American bank Citigroup, the barrel of Brent, which serves as a reference price for a large part of world oil production, could collapse to around 70 dollars in 2024, due in particular to an expected surplus of oil. ‘offer. So, the change in crude price trajectory will reflect more oil coming to market next year and higher prices in the near term could lead to a bigger decline in prices next year.
Source: Africa News Agency