EIA says prices to stabilize, then decline
Agency expects crude production to increase as OPEC+ raises production, US tight oil production accelerates, outpacing consumption
The U.S. Energy Information Administration expects Brent crude oil prices to stabilize mid-year, averaging some $68 per barrel in the third quarter, and then decrease to an average of $60 next year, the agency said in releasing its June Short-Term Energy Outlook June 8.
“In the coming months, we ex....
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