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- In our January 2022 Short-Term Energy Outlook (STEO), we forecast that crude oil prices will fall from 2021 levels. In the fourth quarter of 2021, the price of Brent crude oil, the international pricing benchmark, averaged $79 per barrel (b). We forecast that the price of Brent will average $75/b in 2022 and $68/b in 2023.
www.eia.gov/todayinenergy/detail.php?id=50858
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Jan 4, 2023 · From June 8 through the remainder of 2022, crude oil prices generally decreased as concerns about a possible economic recession reduced demand. High petroleum prices were one cause of persistent broad-based inflation in 2022 that affected consumer budgets and gasoline demand.
- Today in Energy - U.S. Energy Information Administration (EIA)
Crude oil prices increased in first-half 2022 and declined...
- EIA expects crude oil prices higher than $100 per barrel in ...
In our March 2022 Short-Term Energy Outlook (STEO), which...
- U.S. crude oil production forecast to rise in 2022 and 2023 ...
In the February STEO, we forecast that U.S. crude oil...
- Today in Energy - U.S. Energy Information Administration (EIA)
Mar 16, 2022 · In our March 2022 Short-Term Energy Outlook (STEO), which was finalized on March 3, we increased our forecast price of international benchmark Brent crude oil to $116 per barrel (b) for the second quarter of 2022. We expect gasoline prices to average about $4.10 per gallon (gal) during the second quarter of 2022 and then decline through the ...
Feb 2, 2022 · Feb. 2, 2022. HOUSTON — Oil prices are increasing, again, casting a shadow over the economy, driving up inflation and eroding consumer confidence. Crude prices rose more than 15 percent in...
Nov 2, 2022 · Oil prices rose on Wednesday, gaining ground even as other risk assets dropped following the Federal Reserve's fourth interest rate hike of the year.
Feb 16, 2022 · In the February STEO, we forecast that U.S. crude oil production will increase to 12.0 million b/d in 2022, up 760,000 b/d from 2021. We forecast that crude oil production in the United States will rise by 630,000 b/d in 2023 to average 12.6 million b/d.
Jan 12, 2022 · JPMorgan analysts said in a note on Wednesday that they could see oil prices rising by up to $30 after the Energy Information Administration (EIA) and Bloomberg lowered OPEC capacity estimates...
Jun 15, 2022 · Highlights. World oil demand is forecast to reach 101.6 mb/d in 2023, surpassing pre-pandemic levels. While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 mb/d in 2022 to 2.2 mb/d in 2023.
