Tag: forecasts
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The Energy Information Administration raises oil price forecasts by 13% in 2024
The US Energy Information Administration raised expectations for crude oil prices by about 13% during the next year (2024), and also strengthened its estimates for the year 2023, after the OPEC + alliance decided to stabilize the supply reduction policy, with an adjustment to the base month through which the production quotas of members in…
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Energy Information Administration cuts oil price forecasts to below $80
The US Energy Information Administration cut its oil price forecasts for 2023 and 2024 by more than 7%, and cut its estimates for crude production in the United States. According to the Short-Term Energy Outlook report for May 2023, issued today, Tuesday, May 9, 2023, the average price of West Texas Intermediate crude oil is…
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“Energy” re-publishes the oil price forecasts of 10 experts. The vision will be achieved after 4 months
In light of the worsening economic conditions, geopolitical events, and features of oil demand at the end of 2022, forecasting and analyzing oil prices for the year 2023 was a daunting task for analysts and experts. This is due to the difficult scene in the oil markets, as economic crises, recession fears, and challenges facing…
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The IMF cuts oil price forecasts by $23 in 2023
The International Monetary Fund (IMF) expressed a negative view regarding the expectations of global oil prices, suggesting that they will decrease by more than 24% during the current year (2023), with the deterioration of global economic growth prospects. According to the World Economic Outlook 2023 report, issued by the Monetary Fund today, Tuesday (April 11,…
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The Energy Information Administration raises oil price forecasts in 2023 and 2024
The US Energy Information Administration raised its forecast for oil prices in 2023 and 2024, and also strengthened its estimates for US crude production. And the Short-Term Energy Outlook report for April 2023 – issued today, Tuesday (April 11), showed that the average price of West Texas Intermediate crude oil may reach $ 79.24 a…
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The Energy Information Administration cuts oil price forecasts in 2023
The US Energy Information Administration cut its oil price forecast in 2023, and cut estimates of US crude production. According to the Short-Term Energy Outlook report for March 2023 – issued today, Tuesday, March 7 – it is expected that the average price of West Texas Intermediate crude oil will record $ 77.10 per barrel…
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Gasoline price forecasts in Jordan for March 2023
6 days separate us from the announcement of gasoline prices in Jordan for the month of March 2023, which is the decision that citizens await on the last day of each month. Fuel prices in Jordan are among the highest in the Arab countries, as the Kingdom’s government is keen to apply global oil derivatives…
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The Energy Information Administration raises oil price forecasts in 2023
The US Energy Information Administration raised its forecast for oil prices in 2023, and also strengthened its estimates for US crude production. And the Short-Term Energy Outlook report for February 2023 – issued today, Tuesday (February 7) – showed that the average price of West Texas Intermediate crude oil may reach $ 77.84 per barrel…
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The Energy Information Administration cuts oil price forecasts by 10% in 2023
The US Energy Information Administration cut oil price forecasts during the current year (2023) by more than 10%, while raising estimates of US crude production. According to the Short-Term Energy Outlook report for January 2023 – issued today, Tuesday, January 10 – it is likely that the average price of West Texas Intermediate crude oil…
