Notes: Weekly, monthly, and annual prices are calculated by EIA from daily data by taking an unweighted average of the daily closing spot prices for a given product over the specified time period. See Definitions, Sources, and Notes link above for more information on this table. EIA forecasts crude oil prices will fall in the first half ... Following these developments, the price of Brent crude oil reached $70/b, but prices have subsequently fallen. As the risk premium decreases, EIA assumes that Brent prices will decline in early 2020 to an average of $62/b in May. EIA does not forecast supply disruptions, and any physical supply disruptions would put upward pressure on prices. global oil demand: EIA forecasts Brent crude oil prices to ... 4 hours ago · EIA forecasts Brent crude oil prices to average $33 in 2020. The agency said in its latest energy outlook report the projection is subject to heightened levels of uncertainty because the impacts of the 2019 novel coronavirus disease (COVID-19) on energy markets are still evolving. EIA revises down Brent price forecast by $18 for 2020 ...
15 Jan 2020 Crude oil price is yet to respond to the larger-than-expected drop in crude oil inventories. The analysis for Brent crude is presented.
EIA cuts 2020 oil price outlook by over 20%, lowers crude ... Apr 07, 2020 · The EIA pegged its 2020 WTI oil price forecast at $29.34 a barrel, down 23% from its March forecast. It also cut its Brent crude price forecast by nearly 24% to $33.04 for 2020. EIA chops oil price outlook, expects 2021 prices to be in ... 22 hours ago · In 2019, Brent crude oil averaged $64.37/bbl. The EIA expects the global benchmark price to fall to $33.04/bbl in 2020, down 23.7% from the prior forecast, before climbing to $45.62/bbl in 2021, down 17.6% from the prior forecast. "Oil and other financial markets reached all-time high levels of volatility in March," the EIA said.
12 Feb 2020 11 (Xinhua) -- The U.S. Energy Information Administration (EIA) on Tuesday forecast Brent crude oil spot prices would average 61 U.S. dollars
The EIA forecasts U.S. crude oil production will average 13.0 million b/d in 2020, up 0.8 million b/d from 2019, but it expects it to fall to 12.7 million b/d in 2021.