EIA forecasts $80 oil price this year
Henry Hub natural gas spot price projected to average $5.36 per thousand cubic feet in ’10; storage levels expected to remain high
The U.S. Department of Energy’s Energy Information Administration said Jan. 12 in its Short-Term Energy Outlook that it expects the price of West Texas Intermediate crude oil to average $80 per barrel this year and $84 in 2011, compared to a 2009 average of $62 per barrel.
EIA said that forecast is....
[additional news subjects in this story]
Tightening world oil market
Non-OPEC supply up
Natural gas use down
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