EIA expects OPEC crude oil production will average 32.0 million b/d in 2018, a decrease of about 0.4 million b/d from 2017 In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude [Read more]
Greater GDP growth has potential to increase oil consumption beyond forecasted levels, putting upward pressure on crude oil prices EIA’s May Short-Term Energy Outlook (STEO) forecasts that Brent crude oil prices will average $71 per barrel (b) [Read more]
Higher shipments to US Gulf Coast refineries could narrow WCS differential caused by shipping bottlenecks International accounting firm Deloitte says that low prices for Canadian heavy crude oil could be offset by higher exports to [Read more]
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