![Brent is forecast to increase to $104 a barrel in 2023 with a potential to rise to $150 a barrel, according to JPMorgan. Photo: AP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/4Y52Z7DRCMFF5SP6UQRZI6N4AM.jpg?smart=true&auth=a3ba240159437eae910a95def7c616a4e7873493ffa192a307a06a55409c4c02&width=400&height=225)
Brent is forecast to increase to $104 a barrel in 2023 with a potential to rise to $150 a barrel, according to JPMorgan. Photo: AP
Brent is forecast to increase to $104 a barrel in 2023 with a potential to rise to $150 a barrel, according to JPMorgan. Photo: AP
Oil prices could hit $125 per barrel next year and up to $150 in 2023, JPMorgan says
Crude prices of $80 a barrel are likely to be needed to spur the investment required to increase capacity as demand grows