EIA Raises Oil Price Forecasts
The U.S. Energy Information Administration (EIA) has raised its oil price forecasts. For 2020 and beyond, its latest short term energy outlook (STEO) report has revealed. The EIA now expects the Brent cash price to average $38.02 per barrel this year and $47.88 per barrel in 2021. Consistent with its June STEO. Back within the … Read more