Roundup: Global oil prices expected to remain high next year

HOUSTON, Dec. 6 (Xinhua) -- Global oil prices will remain high for all of the year 2023, the U.S. Energy Information Administration (EIA) forecast on Tuesday.

Despite the recent drop in crude oil prices due to market concerns about global economic growth, the Brent crude oil price is expected to average 92 U.S. dollars per barrel in 2023, the EIA said in its December Short-Term Energy Outlook (STEO) report.