EIA Forecast Calls for some Downward Trends

EIA forecast calls for some downward trends

Certain oil and fuel supply, demand and prices are forecast to drop in the latest EIA short-term energy outlook. These declines are expected not only across U.S. markets but also globally. EIA said it expects the low price of crude oil to affect both U.S. production and fuel prices in the short term. Crude oil Rising global oil inventories will drive a lowering of crude oil prices, according to the EIA June forecast. The Brent crude oil spot pri…

EIA’s June STEO Predicts NatGas Spot Price to Average $4 in '25 - Marcellus Drilling News

The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook yesterday, the agency’s monthly best guess about where energy prices and production will go in the next 12 months. In this latest assessment, EIA once again dropped its estimates for the Henry Hub spot price for 2025. The agency expects the HH...