2 May 2024
Pricewatch – EIA follows suit by slashing oil price forecast
Publication date: 13 July 2017
Gas Strategies Group
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The US Energy Information Administration has slashed price predictions for crude oil in its monthly outlook, following similar recent moves by investment banks.
Compared to last month, the latest EIA Short-Term Energy Outlook (STEO) revised down the average annual spot price forecast by 3-7%, leaving West Texas Intermediate and Brent capped below ...