EIA Raises Oil and Fuel Price Forecasts as Middle East Disruptions Continue - Mansfield Energy
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EIA Raises Oil and Fuel Price Forecasts as Middle East Disruptions Continue - Mansfield Energy
The U.S. Energy Information Administration’s latest Short-Term Energy Outlook points to a tighter oil and refined products market through the remainder of 2026 as disruptions in the Middle East continue to limit crude oil shipments and draw down inventories. In the August outlook, the EIA raised its forecasts for crude oil, diesel, and gasoline prices compared with its July projections. The biggest factor behind the change is continued disruptio…
EIA forecasts Brent at $85 in 3rd quarter
The U.S. Energy Information Administration published its latest Short-Term Energy Outlook Aug. 11, estimating more shut-in crude oil production in the Middle East than the agency forecast in July as transit constraints continue through the Strait of Hormuz and are expected to continue through August. EIA said it expects continued decreases in global oil inventories will push up Brent crude oil...
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