Energy Information Administration Expects Higher Oil Prices Through Remainder of 2023 as Result of Declining Global Inventories
September 13, 2023
September 13, 2023
WASHINGTON, Sept. 13 -- The U.S. Department of Energy's Energy Information Administration issued the following news release on Sept. 12, 2023:
The U.S. Energy Information Administration (EIA) expects global oil inventories to decline by almost a half million barrels per day in the second half of 2023, causing oil prices to rise over the remainder of the year. In its September Short-Term Energy Outlook (STEO), EIA forecasts the Brent crude oil price will average $93 per barrel i . . .
The U.S. Energy Information Administration (EIA) expects global oil inventories to decline by almost a half million barrels per day in the second half of 2023, causing oil prices to rise over the remainder of the year. In its September Short-Term Energy Outlook (STEO), EIA forecasts the Brent crude oil price will average $93 per barrel i . . .