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1. www.nytimes.com › 2024/08/30 › businessWhy Oil Prices Remain Subdued - The New York Times

   www.nytimes.com › 2024/08/30 › business

   Aug 30, 2024 · On Thursday, a group of eight oil producers, led by Saudi Arabia, said they were delaying by two months a plan to begin gradually releasing more oil onto the market. Falling oil prices were...

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3. oilprice.com › Energy › Crude-OilFact-Checking the Biden Administration's SPR Narrative

   oilprice.com › Energy › Crude-Oil

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   Aug 5, 2024 · A simple calculation will show why. Since coming to the White House, the Biden administration withdrew a reported 288 mb from the SPR to use to depress oil prices reducing the SPR level to...

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     How U.S. oil production reached an all-time high in 2023

     Dec 28, 2023

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     How U.S. oil production reached an all-time high in 2023

     Dec 28, 2023

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     Where Is Oil Headed in 2023?

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5. www.cnn.com › 2023/12/11 › investingOil prices have been falling for seven weeks straight. Here’s why

   www.cnn.com › 2023/12/11 › investing

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   Dec 11, 2023 · US oil prices notched their seventh straight week of declines on Friday, marking their longest losing streak in five years.

6. blogs.worldbank.org › en › opendataOil prices remain volatile amid uncertainty arising from ...

   blogs.worldbank.org › en › opendata

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   Jan 4, 2024 · Oil prices averaged US$78/bbl in December, down from US$94/bbl in September, reversing all the gains accrued in 2023Q3. Oil prices have been under downward pressure amid weak global economic activity, record output from the United States, and steady production and exports by Russia.

7. oilprice.com › Energy › Energy-GeneralWhy U.S. Oil and Gas Production Is Slowing Down

   oilprice.com › Energy › Energy-General

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   Jul 5, 2024 · While U.S. oil production continues to rise, albeit at a slower pace, natural gas output has dropped from December 2023 highs, and production has turned lower compared to year-ago levels.

8. www.eia.gov › todayinenergy › detailEIA expects lower crude oil prices for the second half of ...

   www.eia.gov › todayinenergy › detail

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   May 22, 2023 · We lowered our crude oil price forecast for the rest of 2023 and for 2024 in our May Short-Term Energy Outlook (STEO) because of relatively rapid declines in the crude oil price since April.

9. People also ask

   Why did we lower our crude oil price forecast for 2023?

   • We lowered our crude oil price forecast for the rest of 2023 and for 2024 in our May Short-Term Energy Outlook (STEO) because of relatively rapid declines in the crude oil price since April.

   EIA expects lower crude oil prices for the second half of 2023 and for

   www.eia.gov/todayinenergy/detail.php?id=56560

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   Why are oil prices reversing in 2023q3?

   • Explore the full report here. Oil prices averaged US$78/bbl in December, down from US$94/bbl in September, reversing all the gains accrued in 2023Q3. Oil prices have been under downward pressure amid weak global economic activity, record output from the United States, and steady production and exports by Russia.

   Oil prices remain volatile amid uncertainty arising from geopolitical

   blogs.worldbank.org/en/opendata/oil-prices-remain-volatile-amid-uncertainty-arising-geopolitical-conflict

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   Why are oil prices so low today?

   • Oil prices are nearly $10 lower today than they were a month ago when OPEC+ announced its latest production cut and sent prices soaring. The major factor driving oil prices lower at the moment is economic uncertainty, with more and more analysts talking about a recession.

   How Much Lower Could Oil Prices Fall? | OilPrice.com

   oilprice.com/Energy/Energy-General/How-Much-Lower-Could-Oil-Prices-Fall.html

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   Will global oil prices go down in 2023?

   • Global oil consumption in 2023 is estimated to reach an all-time high, supported by resilient demand in China. Oil prices are expected to decline to US$81/bbl in 2024 and moderate further in 2025, down from US$83/bbl in 2023.

   Oil prices remain volatile amid uncertainty arising from geopolitical

   blogs.worldbank.org/en/opendata/oil-prices-remain-volatile-amid-uncertainty-arising-geopolitical-conflict

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   How will supply constraints affect crude oil prices in 2024?

   • We expect that these supply constraints will put upward pressure on crude oil prices. In 2024, we expect OPEC liquid fuels production will increase by 0.7 million b/d to 34.4 million b/d, driven by an end of the currently agreed upon OPEC+ production cuts in 2023.

   EIA expects lower crude oil prices for the second half of 2023 and for

   www.eia.gov/todayinenergy/detail.php?id=56560

   See all results for this question

   What is the outlook for oil prices in 2024?

   • Oil prices are expected to decline to US$81/bbl in 2024 and moderate further in 2025, down from US$83/bbl in 2023. The outlook is subject to upside risks, including the extension of OPEC+ cuts beyond 2024Q1 along with potential supply disruptions in the Middle East. Slower-than-expected growth, particularly in China, presents a key downside risk.

   Oil prices remain volatile amid uncertainty arising from geopolitical

   blogs.worldbank.org/en/opendata/oil-prices-remain-volatile-amid-uncertainty-arising-geopolitical-conflict

   See all results for this question

10. oilprice.com › Energy › Energy-GeneralHow Much Lower Could Oil Prices Fall? | OilPrice.com

    oilprice.com › Energy › Energy-General

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    May 8, 2023 · Oil prices are nearly $10 lower today than they were a month ago when OPEC+ announced its latest production cut and sent prices soaring. The major factor driving oil prices lower at the...