EIA expects oil prices to rise this year
Oil inventories expected to decline in 2nd half of year, with lower prices in 2024 on inventory increases, economic uncertainties
The U.S. Energy Information Administration expects higher oil prices for the remainder of 2023, based on its forecast of a decrease in global oil inventories of almost half a million barrels per day in the second half of the year, resulting in rising prices over the remainder of 2023, with Brent cru....
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US motor oil consumption
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