EIA lifts price forecasts for oil, cuts U.S. crude production outlook for 2020
The U.S. Energy Information Administration raised its 2020 forecasts for U.S. and global benchmark oil prices, but reduced its U.S. crude production outlook for this year, according to the Short-Term Energy Outlook report released Tuesday. The EIA lifted its 2020 West Texas Intermediate crude price forecast to $38.50 a barrel, up 2.5% from the July forecast. It expects 2021 prices to average $45.53 in 2021, down 0.4% from the previous forecast. For Brent crude, it raised this year's forecast by 2.3% to $41.42... Читать дальше...