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....
[additional news subjects in this story]
Global oil Production and consumption Natural gas
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $89 per year.
Subscribers log in here to read the entire newspaper (1998 to 05/22/2025)
|
Petroleum News - Phone: 1-907 522-9469
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E
| 