Oil Price Projected to Hit $185 in 2050

Brent crude oil is projected to hit a value of $185 per barrel in 2050, in 2018 dollars, in the high oil price case of the U.S. Energy Information Administration’s (EIA) latest International Energy Outlook report.

The report also offers a low oil price case, which places oil at $45 per barrel, in 2018 dollars, in 2050 and a reference case, which has oil at $100 per barrel, in 2018 dollars, in 2050.

The reference case reflects current trends and relationships among supply, demand and prices in the future and includes some anticipated changes over time, the report highlights. The high and low oil price cases address the uncertainty associated with world energy prices, the report notes.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Union Jack Oil

More articles like this

Union Jack Oil

Oil prices rise amid sanctions reversal

Oil markets remain resilient amid geopolitical tensions. Prices edged up on Monday despite supply concerns, with Brent crude reaching $78.88 a barrel.

Union Jack Oil

Oil markets edge up as investors weigh China’s growth promise

Oil prices gained modest ground as 2025 began, reflecting cautious optimism among investors analysing China’s economic outlook and fuel demand. A commitment from Chinese President Xi Jinping to implement growth-focused policies has prompted speculation about potential

Union Jack Oil

Positive steps forward for Union Jack Oil

Union Jack Oil plc announced encouraging developments in the Taylor 1-16 well in Seminole County, Oklahoma. The well, drilled by operator Reach Oil and Gas Inc., has revealed a high-quality hydrocarbon-bearing reservoir, with two additional potential