EIA forecasts Brent price in $50s in 2026
August outlook says global supply expected to exceed demand growth; Brent to be below $60 in 4th quarter, lowest average since 2020
Kristen Nelson Petroleum News
The major takeaway from the U.S. Energy Information Administration's August Short-Term Energy Outlook, released Aug. 12, is the agency's forecast that the crude oil price will fall below $60 per barrel by the end of this year and average "near $50 per barrel through 2026."
The agency said this sign....
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