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Oil Price Forecast Looks Grim For U.S. Producers

The EIA's recent short-term outlook for oil prices forecast a slide in oil prices potentially leading to lower rig counts and ...
GlobalData on MSN3d

US EIA forecasts crude oil to average below $60 by 2026

The US Energy Information Administration (EIA) has projected a notable decrease in crude oil prices, anticipating that global ...
Midland Reporter-Telegram on MSN2d

EIA forecast: WTI prices will drop below $50 in 2026 as supply surges

In its August Short-Term Energy Outlook, the agency expects the Brent crude spot price — the global benchmark — to average ...
OilPrice.com3d

EIA Shows US Crude Oil Inventories Growing

Crude oil inventories in the United States increased by 3.0 million barrels during the week ending August 8, after dropping ...
Oil & Gas Journal3d

EIA forecasts steep drop in Brent crude prices in coming months

The Energy Information Administration predicts a significant drop in global oil prices, with Brent crude falling from $71 to ...

EIA Cuts Oil Price Estimates On OPEC+ Production Increases

"The price forecast is driven largely by more oil inventory builds following OPEC+ members' decision to accelerate the pace of production increases," the EIA said. It predicts global inventory builds ...
OilPrice.com3d

EIA: Oil Prices Headed for Steep Slide as U.S. Output Peaks

Brent crude prices are on track for a sharp decline in the coming months, with the U.S. Energy Information Administration ...

Oil Inches Lower After IEA Raises Its Supply Forecast

Oil prices edged lower after the IEA raised its global supply forecast, signaling a bigger surplus ahead.