Buzzkill for oil producersEIA expands expected gloom to 2026; high supply, low demand: classic recipe for plunging prices
Steve Sutherlin Petroleum News
Global oil prices are going to fall significantly, taking Brent crude down from $68 per barrel in August to $59 on average in the fourth quarter of 2025 -- and lower still to $50 in early 2026, according to new projections by the U.S. Energy Information Administration in its Short-Term Energy Outloo....
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Recent price strength Global oil consumption and production U.S. gasoline consumption.
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