EIA: Oil Prices Headed for Steep Slide as U.S. Output Peaks

EIA: Oil Prices Headed for Steep Slide as U.S. Output Peaks

Brent crude prices are on track for a sharp decline in the coming months, with the U.S. Energy Information Administration (EIA) now forecasting prices to fall from $71 per barrel in July to an average of $58 in the fourth quarter of 2025

EIA Project Oil Crash and Oil Patch FAFO

This is not a Drill Baby. EIA graph here: Nobody’s going to be drilling in the Arctic, or any where else, at these prices, at least in the US. Will favor the lower cost producers like Saudi Arabia, Iraq. What generally happens is that a lot of people lose their jobs, a lot of rigs … Continue reading "EIA Project Oil Crash and Oil Patch FAFO"

Oil Prices Dip as Market Awaits EIA Report

Oil prices experienced a modest decline on Tuesday, reflecting trader caution ahead of the U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook report. Brent crude futures fell 20 cents, or 0.3%, to $66.43 a barrel, while U.S. West Texas Intermediate crude dipped similarly amid a backdrop of mixed signals from global demand forecasts and geopolitical developments. This dip comes as the market digests a bullish update …

Crude Oil Prices Fall As Market Anticipates EIA Report

Crude oil prices experienced a slight decline on Monday as the market awaited the release of the U.S. Energy Information Administration (EIA) report. Investors are closely monitoring the upcoming report, which is expected to provide key insights into global oil inventories, production levels, and demand forecasts, shaping market expectations for the near future. Brent crude […] The post Crude Oil Prices Fall as Market Anticipates EIA Report appe…

Crude Oil Prices Dip; Brent at $66.31, WTI at $63.53 per Barrel – The Indian Awaaz

WEB DESK Crude oil prices declined today. Brent Crude was trading around half per cent down at 66 dollars and 31 cents per barrel, and WTI Crude was also trading over 0.6 per cent down at 63 dollars and 53 cents per barrel, when reports last came in.