EIA Expects Oil Prices to Be Under Pressure From Oversupply in 2025, 2026
Many analysts expect an oversupplied oil market this year, after demand growth slowed sharply in 2024 in the biggest energy-consuming countries: the U.S. and China. The EIA said it expects Brent crude oil prices to fall 8% to average $74 a barrel in 2025, then fall further to $66 a barrel in 2026.
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U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while ...
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Since then, exports have grown from 1 billion cubic feet per day to nearly 12 Bcf/d at the end of 2023, according to the U.S. Energy Information Administration, or about 14 percent of U.S. gas ...
U.S. crude oil and distillate stockpiles are expected to have fallen last week and gasoline inventories to have risen, a preliminary Reuters poll showed on Monday.
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