STEO: Brent To Average $70 This Year

The Energy Information Administration expects Brent crude prices this year to average US$70 a barrel, falling to US$67 a barrel in 2020, the authority said in the latest edition of its Short-Term Energy Outlook. Both forecast figures are about US$5 higher than what the EIA had projected in the March edition of the monthly report, reflecting the steady rise in benchmark prices since March.

Source: STEO: Brent To Average $70 This Year

Leave a Reply

Your email address will not be published.