EIA lowers growth assumptions, forecastAgency now expects GDP growth of only 1.5% this year; has reduced average refiner cost estimate to $103 per barrel, down from $107 Kristen Nelson Petroleum News
The U.S. Energy Information Administration said Sept. 7 that it has lowered its economic growth assumptions “substantially” from August and as a result has lowered its U.S. average refiner cost forecast to $103 per barrel next year, compared to its July forecast of $107 per barrel.
In July EIA expe....
[additional news subjects in this story]
Less optimistic on demand Non-OPEC, OPEC supply Crude oil prices, US production Natural gas
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