EIA Expects Oil Prices to Increase Despite Concerns Over Economic Growth and Petroleum Demand
September 11, 2024
September 11, 2024
WASHINGTON, Sept. 11 -- The U.S. Department of Energy's Energy Information Administration issued the following news release:
The U.S. Energy Information Administration (EIA) expects that Brent crude oil prices will return to above $80 per barrel this month, after dipping to $73 per barrel on September 6. In its September Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $82 per barrel in the fourth quarter of the year.
Mark . . .
The U.S. Energy Information Administration (EIA) expects that Brent crude oil prices will return to above $80 per barrel this month, after dipping to $73 per barrel on September 6. In its September Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $82 per barrel in the fourth quarter of the year.
Mark . . .