EIA oil price forecast up $5 per barrel
US drilling activity expected to increase based on higher prices, with production expected to average 13.4 million bpd next year Kristen Nelson Petroleum News
The Brent crude oil spot price averaged $71 per barrel in April, the U.S. Energy Information Administration said May 7, an increase of $5 from March and just below the April 2018 price, and the agency has increased its forecast for the annual average for both this year and next.
“In the May Short-T....
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Growing US, OPEC production Natural gas
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