Benchmark crude prices for 2024 will be lower than previously forecast as global supply is expected to narrow its deficit to demand, the Energy Information Administration (EIA) said Tuesday. The price for WTI is expected to average $83.05/bl in 2024, lower by 73￠/bl from the previous ...
In its short-term energy outlook for May, the EIA lowered its forecast for the average price of Brent crude oil in 2023 by US$6.36/barrel to US$78.65/barrel, much lower than its forecast of US$85/barrel in April. Similarly...
Brent prices will remain stable around the 2023 average of $82/bl in 2024, with a slight decrease to $79/bl in 2025, according to the EIA outlook. The WTI price will be slightly lower but similarly flat.年份: 2024 收藏 引用 批量引用 报错 分享 ...
For crude the news was better: the EIA-revised forecast bumped WTI crude price up by $2.14/bbl after OPEC’s decision to cut oil production from May through the end of 2023 in early April. Henry Hub natural gas prices are expected to average $2.94 per million British thermal unit ...
Washington-With the spot price for West Texas Intermediate crude oil bouncing from less than $49 a barrel to more than $56 during the latter half of October and early November, the U.S. Energy Information Administration says it has revised its fourth quarter project- ed average WTI price to...
Meanwhile, EIA expected West Texas Intermediate (WTI) crude oil price will average 8 dollars per barrel lower than Brent price in the first quarter of 2019 before the discount gradually falls to 4 dollars per barrel in the fourth quarter of 2019 and throughout 2020. ...
EIA also forecast Brent prices would average 68 dollars per barrel in 2021, the same level as it forecast last month. EIA said Brent prices averaged 64 dollars per barrel in January, down 4 dollars per barrel from December 2019, adding that "Brent prices fell steadily through January and int...
According to the STEO, the EIA sees the Brent spot average coming in at $83.63 per barrel in 2023 and $77.57 per barrel in 2024. In its previous STEO, which was released in January, the EIA projected that the Brent spot price would average $83.10 per barrel in 2023 and $77.57 per ba...
The utility of my marginal gallon bought and burned is going to go up faster than the price of oil as I cut my consumption and this will allow me to pay ever higher prices for ever less gasoline. It is my belief that on average over time that things will work out the same way for...
In the East Coast PADD 1, diesel prices fell by 5.3 cents to settle at an average price of $2.671/gallon. Within PADD 1, New England prices fell by 5.6 cents to average $2.793/gallon. Central Atlantic diesel prices fell by 4.5 cents to average $2.866/gallon. Lower Atlantic prices decrea...