EIA sees Brent at $43 this year, $51 nextUS crude to average 8.7 million bpd in 2016, 8.6 million bpd in 2017; with global inventory builds at 700,000 bpd, 300,000 bpd KRISTEN NELSON Petroleum News
The U.S. Energy Information Administration has adjusted its forecast for Brent prices in its October Short-Term Energy Forecast, estimating $43 per barrel this year and $51 per barrel in 2017 — an increase from September of $1 per barrel this year and a decrease of $1 for next year.
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