Energy Information Administration Expects Short-Term Crude Oil Prices to Remain Lower Than the Highs of 2021
December 08, 2021
December 08, 2021
WASHINGTON, Dec. 8 -- The U.S. Department of Energy's Energy Information Administration issued the following news release on Dec. 7, 2021:
The U.S. Energy Information Administration (EIA) forecasts that global oil production will increase more quickly than demand in 2022, pushing crude oil and petroleum product prices lower than in late 2021. Brent crude oil prices averaged $81 per barrel in November, but they closed the month at $70 per barrel.
In its December Sho . . .
The U.S. Energy Information Administration (EIA) forecasts that global oil production will increase more quickly than demand in 2022, pushing crude oil and petroleum product prices lower than in late 2021. Brent crude oil prices averaged $81 per barrel in November, but they closed the month at $70 per barrel.
In its December Sho . . .