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‘EIA’ Upgrades Oil Price Forecasts

Kategori : ENERGY AGENDA NEWS, OIL & FUEL SECTOR NEWS - Tarih : 22 July 2021


The Brent oil price forecast by the EIA was increased by $6 to $72 per barrel in the second half of the year.

The US Department of Energy’s Energy Information Administration (EIA) increased its Brent oil price forecasts in its Short-Term Energy Outlook study published in July. While the price forecast for Brent oil for the second half of 2021 was announced as 72 dollars / barrel, the price forecast for 2022 was stated as 67 dollars / barrel.

EIA, which revised its global oil production forecast downwards by 210,000 barrels per day in the second half of the year, announced that this contributed to the increased price forecast.


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