EIA forecasts crude price down, gas upAgency sees oil demand dropping, supply increasing, while domestic natural gas demand up on LNG exports and supply not increasing
In its May Short-Term Energy Outlook, released May 6, the U.S. Energy Information Administration said it expects the Brent spot oil price to average $66 per barrel this year, down from $81 in 2024, dropping to $59 per barrel in 2026.
Brent averaged $68 per barrel in April, the agency said, forecast....
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Global oil Production and consumption Natural gas
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