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Vol. 21, No. 3 Week of January 17, 2016
Providing coverage of Alaska and northern Canada's oil and gas industry


EIA: US crude production, prices falling

Agency says Brent forecast at $40 this year, $50 in 2017; low oil prices resulted in first annual production decline since 2008

KRISTEN NELSON

Petroleum News

Brent crude oil prices are forecast to average $40 per barrel this year and $50 per barrel in 2017, the U.S. Energy Information Administration said Jan. 12 in its Short-Term Energy Outlook. The agency said North Sea Brent crude oil averaged $38 per barrel in December, down $6 per barrel from Novemb....

    [additional news subjects in this story]

US production down

Lower 48 impacts

Natural gas


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