EIA sees lower oil prices, US production
Brent forecast to average $56/barrel this year, $54 in 2027; WTI expected to drop below $50/barrel in the 4th quarter of this year
Kristen Nelson Petroleum News
In its January Short-Term Energy Outlook, released Jan. 13, the U.S. Energy Information Administration forecast that the Brent crude oil price would average $56 per barrel this year, down from $69 per barrel last year, and drop further to $54 per barrel in 2027.
U.S. crude oil production, which set....
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