The US Energy Information Administration’s (EIA) published its January Short-Term Energy Outlook (STEO), forecasting that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 and that the West Texas Intermediate (WTI) spot price will average $59/b in 2020 and $62/b in 2021.
Specifically, EIA expects that crude oil prices will remain at high levels in the first few months of 2020, reflecting a price premium on crude oil from recent geopolitical events. However,...
https://safety4sea.com/eia-expects-crude-oil-prices-to-fall-in-the-first-half-of-2020/