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1. www3.eia.gov › energyexplained › oil-and-petroleumOil prices and outlook - U.S. Energy Information ...

   www3.eia.gov › energyexplained › oil-and-petroleum

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   Aug 16, 2023 · Factors that affect oil prices such as hurricanes and extreme weather, political events, and OPEC oil production targets and spare crude oil production capacity.

2. www.eia.gov › steo_crude_oil_prices_06082021Oil prices to stabilize in 2021 - U.S. Energy Information ...

   www.eia.gov › steo_crude_oil_prices_06082021

   According to the U.S. Energy Information Administration, international benchmark Brent crude oil spot prices averaged $68 per barrel in May, a 25% increase from January. We expect international oil prices to stabilize in mid-2021 and average about $69 per barrel in the coming months.

3. www.eia.gov › todayinenergy › detailBrent crude oil price forecast to average $72 per barrel in ...

   www.eia.gov › todayinenergy › detail

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   Jul 8, 2021 · In the July Short-Term Energy Outlook (STEO), we forecast the Brent crude oil price will average $72 per barrel (b) in the second half of 2021 (2H21) and $67/b in 2022, both $6/b higher than in the June STEO forecast.

4. www.eia.gov › analysisAnalysis & Projections - U.S. Energy Information ...

   www.eia.gov › analysis

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   EIA forecasts crude oil prices will increase through 2024 as demand rises above supply. tags: STEO consumption/demand crude oil liquid fuels oil/petroleum prices + production/supply. Increased U.S. renewable and natural gas generation likely to reduce summer coal demand.

5. fingfx.thomsonreuters.com › gfx › ceOil price outlook survey 2021-2025 - Reuters

   fingfx.thomsonreuters.com › gfx › ce

   Oil price outlook surveys 2016 through 2021 Summary of forecasts and realised values Participants asked to forecast average price in current year and four subsequent years

6. www3.eia.gov › todayinenergy › indexToday in Energy - U.S. Energy Information Administration (EIA)

   www3.eia.gov › todayinenergy › index

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   Jul 7, 2023 · EIA increases oil price forecast following OPEC+ production cut extension. March 6, 2024. Reduced refinery activity puts upward pressure on gasoline and diesel prices. February 29, 2024. The United States remained the largest liquefied natural gas supplier to Europe in 2023. February 28, 2024.

7. People also ask

   How much will WTI oil cost in July 2021?

   • WTI crude prices are forecast in the July STEO to average $71/b in 3Q21, $6/b higher than in the June STEO. The July STEO expects WTI prices to be $68/b in 4Q21, up $7/b from the June forecast. The Brent crude oil price averaged $73/b in June 2021, up $5/b from May.

   Brent crude oil price forecast to average $72 per barrel in the second

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   Will crude oil prices increase through 2024?

   • Prices and higher well productivity drive up U.S. crude oil production forecast tags: crude oiloil/petroleumpricesstates EIA forecasts crude oil prices will increase through 2024 as demand rises above supply tags: STEOconsumption/demandcrude oilliquid fuelsoil/petroleumprices+production/supply

   Analysis & Projections - U.S. Energy Information Administration (EIA)

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   How much did the Brent crude oil cost in June 2021?

   • The Brent crude oil price averaged $73/b in June 2021, up $5/b from May. June was the first month when the Brent price averaged more than $70/b since May 2019. We expect moderate downward oil price pressures will emerge beginning in 2H21, when forecast global oil production will rise, causing inventories to draw at a slower pace.

   Brent crude oil price forecast to average $72 per barrel in the second

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   What will the Brent crude oil price look like in July?

   • In the July STEO, we forecast the Brent crude oil price will average $73/b in the third quarter of 2021 (3Q21) and will fall to average $71/b in the fourth quarter of 2021 (4Q21).

   Brent crude oil price forecast to average $72 per barrel in the second

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8. www.worldoil.com › magazine › 2021Mid-Year Forecast: U.S. to see uptick as crude prices climb ...

   www.worldoil.com › magazine › 2021

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   Oil price forecast. Brent spot prices averaged $71/bbl in August, down $4/bbl from July but up $26/bbl from August 2020.