EIA Expects Lower Crude Oil Inventories and Higher Prices Following OPEC+, Saudi Announcements
June 07, 2023
June 07, 2023
WASHINGTON, June 7 -- The U.S. Department of Energy's Energy Information Administration issued the following news release:
The U.S. Energy Information Administration (EIA) expects global oil production to be lower than previously expected after OPEC+ announced it will extend its crude oil production cuts through 2024 and Saudi Arabia announced an additional voluntary oil production cut of 1 million barrels per day in July.
In its June Short-Term Energy Outlook (STE . . .
The U.S. Energy Information Administration (EIA) expects global oil production to be lower than previously expected after OPEC+ announced it will extend its crude oil production cuts through 2024 and Saudi Arabia announced an additional voluntary oil production cut of 1 million barrels per day in July.
In its June Short-Term Energy Outlook (STE . . .