EIA expects continued US crude declines
Forecast of 11.7 million bpd this year first annual decline since 2016; Brent averaged $18 per barrel in April, down $13 from March
Brent crude oil is expected to average $34 per barrel this year, down from $64 in 2019, and is expected to average $48 in 2021, the U.S. Energy Information Administration said in its May Short-Term Energy Outlook, released May 12.
Brent averaged $18 per barrel in April, down $13 from March, EIA Adm....
[additional news subjects in this story]
US crude production
Domestic natural gas
US consumption, supply
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $89 per year.
Subscribers log in here to read the entire newspaper (1998 to 06/30/2020)
Petroleum News - Phone: 1-907 522-9469
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.