EIA Boosts Brent and WTI Oil Price Forecasts – Rigzone

EIA Boosts Brent and WTI Oil Price Forecasts – Rigzone

The U.S. Energy Information Administration (EIA) increased its Brent and West Texas Intermediate (WTI) spot average price forecasts for both 2023 and 2024 in its latest short term energy outlook (STEO), which was released this week. In the latest STEO, the EIA projected that Brent spot prices will average $84.46 per barrel this year and $88.22 per barrel next year and that WTI spot prices will average $79.65 per barrel in 2023 and $83.22 per…

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Markets: Trade Tensions Are Keeping A Lid On Oil Prices

Markets: Trade Tensions Are Keeping A Lid On Oil Prices

Ongoing U.S.-China trade tensions continue to chip away at Chinese economic growth. China’s National Bureau of Statistics (NBS) said on Thursday that the country’s economy slowed in the first two months of the year as the rate of industrial production fell to its lowest in a decade.

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