EIA forecast cites heightened uncertainty
Agency projecting 500,000 bpd drop in US production for 2020, further drop next year; Brent down $24 per barrel at $32 for March
All market forecasts are subject to uncertainty, the U.S. Energy Information Administration said in releasing its Short-Term Energy Outlook April 7, but the sudden increase in crude oil supply combined with the impact on demand of the COVID-19 pandemic have made this outlook “subject to heightened l....
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Prices down US crude production to drop Natural gas Lower 48 assumptions
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