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U.S. Energy Information Administration (EIA) - Release
WebJul 8, 2024 · In the July Short-Term Energy Outlook (STEO), we forecast the Brent crude oil price will average $72 per barrel (b) in the second half of 2024 (2H21) and $67/b in 2024, both $6/b higher than in the June STEO forecast. We revised global production down by 210,000 barrels per day (b/d) in 2H21, leading to larger forecast inventory draws in 2H21 ... WebJan 12, 2024 · In our January 2024 Short-Term Energy Outlook (STEO), we forecast that crude oil prices will fall from 2024 levels. In the fourth quarter of 2024, 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 2024 and $68/b in 2024. sivapuranam in english
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