EIA: production forecast to exceed demandAgency sees $70 Brent in 2022; increased 2021 prices tied to draws on inventories; increased OPEC, US production expected in 2022
Kristen Nelson Petroleum News
The U.S. Energy Information Administration is forecasting $70 Brent next year, based on expected growth in production from the Organization of the Petroleum Exporting Countries and OPEC+, along with increased U.S. tight oil production and increased production from other non-OPEC nations. That growth....
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