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Vol. 25, No.19 Week of May 17, 2020
Providing coverage of Alaska and northern Canada's oil and gas industry


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

Kristen Nelson

Petroleum News

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


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