Crude oil price forecast eia

22 Nov 2019 In November's Short-Term Energy Outlook (STEO), EIA increases its US crude oil production forecast for year 2019 by 30000 barrels per day,  21 Nov 2019 In its most recent Short-Term Energy Outlook, the Department of Energy's Energy Information Administration (EIA) reports crude oil prices were 

11 Mar 2020 EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will  Price summary (historical and forecast). 2018, 2019, 2020, 2021. WTI Crude Oila dollars per barrel, 65.06, 57.02, 38.19, 50.36. Brent Crude Oil dollars per barrel  11 Mar 2020 Prices and inventories: EIA forecasts Brent crude oil prices will average $43/b in 2020, down from a forecast of $65/b in the January STEO, and  6 days ago The EIA is forecasting that OPEC crude oil production will average 29.2 million barrels per day (MMbpd) from April through December 2020,  Brent North Sea oil comes from Northwest Europe and is the benchmark for global oil prices. The EIA forecasts that WTI will be $38.19/b in 2020,  11 Mar 2020 Brent crude oil prices will average $61.25 per barrel in 2020 and most recent forecast from the US Energy Information Administration's (EIA) 

11 Dec 2019 Brent crude, the global measure of price, lost 1% to end at $63.72. In its closely scrutinized monthly oil market report, OPEC held its 2020 estimate 

11 Feb 2019 By 2050, EIA expects the price of a barrel of crude oil will be about $108 (real 2018$). That's about 7.5% less than the 2050 price EIA forecasted  Short-Term Energy Outlook. Prices. Brent crude oil spot prices averaged $59 per barrel (b) in August, down $5/b from July and $13/b lower than the average from August of last year. EIA forecasts Brent spot prices will average $60/b in the fourth quarter of 2019 and $62/b in 2020. EIA is reducing its 2019 Brent crude oil price forecast to $63/b, which is $2/b lower than in the August STEO. The lower 2019 price forecast largely reflects recent global crude oil price fluctuations and lower forecast global oil demand growth. EIA forecasts OPEC crude oil production will average 29.2 million barrels per day (b/d) from April through December 2020, up from an average of 28.7 million b/d in the first quarter of 2020. EIA forecasts OPEC crude oil production will rise to an average of 29.4 million b/d in 2021. In the U.S. Energy Information Administration’s (EIA) January Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 and that the West Texas Intermediate (WTI) spot price will average $59/b in 2020 and $62/b in 2021. After on Friday OPEC slashed its oil demand outlook for this year by 230,000 bpd, the Energy Information Administration followed, revising its global oil demand forecast by as much as 378,000 bpd The EIA also cut its average Brent forecast by 2.7% to $63.39 this year, and by 4.6% to $62 next year. The EIA lowered the domestic crude output forecast by 0.2% to 12.24 million barrels a day

5 Feb 2020 Bullish traders are also hoping to hear that OPEC and its allies have agreed to trim another 500 million barrels per day of crude oil.

EIA is reducing its 2019 Brent crude oil price forecast to $63/b, which is $2/b lower than in the August STEO. The lower 2019 price forecast largely reflects recent global crude oil price fluctuations and lower forecast global oil demand growth. EIA forecasts OPEC crude oil production will average 29.2 million barrels per day (b/d) from April through December 2020, up from an average of 28.7 million b/d in the first quarter of 2020. EIA forecasts OPEC crude oil production will rise to an average of 29.4 million b/d in 2021. In the U.S. Energy Information Administration’s (EIA) January Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 and that the West Texas Intermediate (WTI) spot price will average $59/b in 2020 and $62/b in 2021. After on Friday OPEC slashed its oil demand outlook for this year by 230,000 bpd, the Energy Information Administration followed, revising its global oil demand forecast by as much as 378,000 bpd The EIA also cut its average Brent forecast by 2.7% to $63.39 this year, and by 4.6% to $62 next year. The EIA lowered the domestic crude output forecast by 0.2% to 12.24 million barrels a day EIA expects U.S. regular retail gasoline prices to follow changes to the cost of crude oil, dipping from an average of $2.73/gallon in 2018 to $2.47/gallon in 2019, before rising to $2.62/gallon in 2020. Because each barrel of crude oil holds 42 gallons, EIA revises its crude oil price forecast upward as supply expectations change tags: crude oilliquid fuelsoil/petroleumpricesproduction/supply. EIA expects less electricity to come from coal this summer as natural gas, renewables rise tags: coalelectricitygenerationnatural gasrenewables.

The EIA pegged its 2020 WTI oil forecast at $59.25 a barrel, up 7.7% from its previous view. It lifted its Brent crude price forecast by 7.1% to $64.83 for 2020.

EIA forecasts OPEC crude oil production will average 29.2 million barrels per day (b/d) from April through December 2020, up from an average of 28.7 million b/d in the first quarter of 2020. EIA forecasts OPEC crude oil production will rise to an average of 29.4 million b/d in 2021.

Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government Find data from forecast models on crude oil and petroleum liquids, gasoline, diesel, natural gas, electricity, coal prices, supply, and demand projections and more. Expand all Collapse all. Monthly short-term forecasts through the next calender year.

12 Jul 2017 In its June 2017 Short-term Energy Outlook, the EIA forecast the Brent crude oil price at $52.69 per barrel in 2017 and at $55.61 per barrel in  11 Dec 2019 Brent crude, the global measure of price, lost 1% to end at $63.72. In its closely scrutinized monthly oil market report, OPEC held its 2020 estimate  14 May 2018 EIA's May Short-Term Energy Outlook (STEO) forecasts that Brent crude oil prices will average $71 per barrel (b) in 2018, $7/b higher than last  22 Nov 2019 In November's Short-Term Energy Outlook (STEO), EIA increases its US crude oil production forecast for year 2019 by 30000 barrels per day,  21 Nov 2019 In its most recent Short-Term Energy Outlook, the Department of Energy's Energy Information Administration (EIA) reports crude oil prices were  11 Jan 2018 EIA forecasts the West Texas Intermediate (WTI) crude oil spot price will average $55/b in 2018 and $57/b in 2019 (Figure 1). Average WTI 

11 Dec 2019 Brent crude, the global measure of price, lost 1% to end at $63.72. In its closely scrutinized monthly oil market report, OPEC held its 2020 estimate  14 May 2018 EIA's May Short-Term Energy Outlook (STEO) forecasts that Brent crude oil prices will average $71 per barrel (b) in 2018, $7/b higher than last