EIA’s U.S. crude oil production forecast is based on the West Texas Intermediate (WTI) price forecast in the January 2020 STEO, which rises from an average of $57 per barrel (b) in 2019 to an average of $59/b in 2020 and $62/b in 2021. The price forecast is highly uncertain, and any significant divergence of actual prices from the projected price path could change the pace of drilling and new well completion, which would, in turn, affect production. Brent crude oil prices will average $61.25 per barrel in 2020 and $67.53 per barrel in 2021 according to the most recent forecast from the US Energy Information Administration's (EIA) monthly Short-Term Energy Outlook.This is a decrease from an average of $64.36 per barrel in 2019 and reflects a downward revision of $3.58 per barrel for 2020 compared to the previous estimate.

The EIA’s U.S. crude oil production forecast is based on the West Texas Intermediate (WTI) price forecast in the January 2020 STEO, which rises from an average of $57 per barrel (b) in 2019 to Forecast of Crude Oil Price (WTI) Below is a forecast of crude oil prices that is based on prior values of both WTI and Brent crude oil prices, global oil production and consumption, currency exchange rates, other commodity prices and economic indicators. To learn more about how this forecast is produced, please see our methodology page. The U.S. Energy Information Administration reduced its forecasts for oil prices and U.S. crude-oil production, according to its Short-term Energy Outlook report released Tuesday.The EIA forecasts The EIA forecasts that WTI will be $38.19/b in 2020, and $50.36/b in 2021. That makes the Brent-WTI spread $5.11/b in 2020 and $5.00 in 2021.   The price of a barrel of WTI oil will be that much lower than Brent prices due to U.S. oversupply. Oil price forecast for 2020, 2021, 2022 and 2023. Crude oil predictions and projections. Price trend by month. Detailed forecast table. Crude oil Brent price forecast for next months and years. The price is in US Dollar per 1 oil barrell. Get free Crude Oil (CL) daily & weekly technical and fundamental forecasts, analysis, inventory report and news written by FX Empire's professional analysts. Enter Now! Summary of Weekly Petroleum Data for the week ending March 6, 2020 . U.S. crude oil refinery inputs averaged 15.7 million barrels per day during the week ending

18 Nov 2019 Forecasts. The EIA expects WTI crude oil prices to dip slightly on average in 2020 compared to 2019, according to data published by the 

EIA’s U.S. crude oil production forecast is based on the West Texas Intermediate (WTI) price forecast in the January 2020 STEO, which rises from an average of $57 per barrel (b) in 2019 to an average of $59/b in 2020 and $62/b in 2021. The price forecast is highly uncertain, and any significant divergence of actual prices from the projected price path could change the pace of drilling and new well completion, which would, in turn, affect production. Brent crude oil prices will average $61.25 per barrel in 2020 and $67.53 per barrel in 2021 according to the most recent forecast from the US Energy Information Administration's (EIA) monthly Short-Term Energy Outlook.This is a decrease from an average of $64.36 per barrel in 2019 and reflects a downward revision of $3.58 per barrel for 2020 compared to the previous estimate. The U.S. Energy Information Administration on Wednesday lowered its 2019 and 2020 price forecasts on West Texas Intermediate and Brent crude oil prices in its monthly energy outlook report released Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government. U.S. Energy Information Administration - EIA - Independent Statistics and Analysis Search. Menu Find data from forecast models on crude oil and petroleum liquids, gasoline, diesel, natural gas, electricity, coal prices, supply, and demand

1 Mar 2020 EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an For 2020, EIA's WTI crude oil price forecast averages $38/b.

11 Mar 2020 West Texas Intermediate (WTI) crude oil price; World liquid fuels production and consumption balance; U.S. natural gas prices; U.S. residential  Price summary (historical and forecast). 2018, 2019, 2020, 2021. WTI Crude Oila dollars per barrel, 65.06, 57.02, 38.19, 50.36. Brent Crude Oil dollars per barrel  11 Mar 2020 Brent and West Texas Intermediate (WTI) crude oil prices settled at $34.36 per barrel (b) and $31.13/b on March 9, respectively, declines of  1 Mar 2020 For 2020, EIA's WTI crude oil price forecast averages $38/b for the year, a decline of $19/b from 2019 levels, and $21/b lower than forecast in  WTI (West Texas Intermediate). May 10, 2018. EIA raises crude oil, gasoline price forecasts for 2018. January 3, 2018. Crude oil prices increased in 2017, and  In the U.S. Energy Information Administration's (EIA) Annual Energy Outlook 2020 (AEO2020) Reference case, U.S. energy consumption grows more slowly than  1 Mar 2020 EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an For 2020, EIA's WTI crude oil price forecast averages $38/b.

The EIA forecasts that WTI will be $38.19/b in 2020, and $50.36/b in 2021. That makes the Brent-WTI spread $5.11/b in 2020 and $5.00 in 2021.   The price of a barrel of WTI oil will be that much lower than Brent prices due to U.S. oversupply.

In the U.S. Energy Information Administration's (EIA) Annual Energy Outlook 2020 (AEO2020) Reference case, U.S. energy consumption grows more slowly than 

Crude Oil Production Re-benchmarking Notice: When we release the Short-Term Energy Outlook (STEO) each month, the weekly estimates of domestic crude oil production are reviewed to identify any differences between recent trends in survey-based domestic production reported in the Petroleum Supply Monthly (PSM) and other current data. If we find a large difference between the two series, we may

11 Feb 2020 Energy Information Administration lowered its 2020 forecasts for West Texas Intermediate and Brent crude prices. The price of a barrel of a oil is  23 Jan 2020 The EIA's U.S. crude oil production forecast is based on the West Texas Intermediate (WTI) price forecast in the January 2020 STEO, which  22 Jan 2020 The US Energy Information Administration (EIA) forecasts Brent crude oil The West Texas Intermediate (WTI) spot is expected to average $59 

12 Jul 2017 Meanwhile in its previous Short-term Energy Outlook EIA forecast WTI oil prices at $50.78 per barrel in 2017 and $53.61 per barrel in 2018. 15 Jan 2020 EIA expects West Texas Intermediate (WTI) crude oil prices will average about $5.50/b lower than Brent prices through 2020 and 2021,  11 Dec 2019 The cartel also left its world oil-demand growth forecast for this year and next unchanged at 980,000 and 1.08 million barrels a day, respectively,  15 Jan 2020 For 2020, EIA's WTI crude oil price forecast rises by $2 per barrel (b) from 2019 levels to an average of $59/b for the year. For 2021, EIA expects  11 Jan 2018 EIA forecasts the West Texas Intermediate (WTI) crude oil spot price will average $55/b in 2018 and $57/b in 2019 (Figure 1). Average WTI