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EIA FORECAST
Brent crude hits lowest since before start of Mideast war as more tankers exit HormuzGlobal oil prices plunged Wednesday, hitting multi-month lows as supply worries eased with tankers clearing the Strait of Hormuz. An interi...- OPEC again lowers 2026 global oil demand growth forecastOPEC has reduced its 2026 oil demand growth forecast to 970,000 barrels per day. This marks a second consecutive cut. The group sees less i...
- US-Iran war: Oil seen averaging at $105 per barrel in June, July as brent remains below $100 a barrelIran war impact: Oil prices are projected to average $105 per barrel in June and July. This forecast assumes continued Strait of Hormuz dis...
- Gulf oil output can rebound in months after Hormuz reopens, but full recovery faces risks, says Goldman SachsUS-Iran war impact: Gulf crude oil output may rebound quickly once the Strait of Hormuz reopens. Goldman Sachs research suggests a swift re...
- US oil floods Asia at record levels but still can’t fill the Hormuz gapAmid rising tensions with Iran, America finds itself in a pivotal moment as it channels unprecedented volumes of oil to Asia, following the...
- US gas prices sink to seven-month low after storage build exceeds forecastU.S. natural gas futures fell to a fresh seven-month low on Wednesday, pressured by a slightly larger-than-expected storage build and forec...
- '$95 for 2 months' US agency predicts prolonged conflictBrent is up 27% since the start of the war as the Strait of Hormuz is effectively shut and some oil production in the region has been curta...
- Oil market's watchmen at loggerheads on 2026 outlookGlobal oil market forecasts diverge sharply, with the IEA and EIA predicting substantial surpluses exceeding 4 million and 2.8 million barr...
- Oil prices edge down, forecasts for higher oil output, weak demand growth weighOil prices edged lower. Global production is expected to rise. Demand growth forecasts are weak. The US dollar strengthened. OPEC lowered i...
- Oil prices fall on big build in US crude, fuel inventoriesBrent crude futures fell 28 cents, or 0.3%, to $89.14 per barrel. U.S. West Texas Intermediate crude futures fell 35 cents, or 0.4%, to $84...
- Oil steady as U.S. crude stock build offsets Middle East uncertaintyBrent crude futures were flat at $89.42 per barrel at 0010 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 2 cents to $85....
- EIA: Crude prices likely to stay around $83 per barrel in 2024"We expect OPEC+ production cuts will offset lower global demand growth, prevent increases in global oil inventories, and keep Brent prices...
- Oil gains on Middle East tensions, stock data in focusThe Israeli military said its forces were carrying out an operation on Wednesday against Hamas within Gaza's biggest hospital, Al Shifa.
- Oil rises on expectation high natural gas to drive switch for heatingOil prices rose on Thursday, reversing previous losses, on expectations that high natural gas prices as winter approaches may drive a switc...
- Crude oil drops on concerns COVID-19 issues in Europe will delay demand recoveryExtended lockdowns are being driven by the threat of a third wave of infections, with a new variant of the virus on the continent.
- Does Opec see US oil output as half full or half empty?America’s second shale boom is certainly drawing to a close.
- US-China trade deal holds key to higher oil pricesMarch production figures mean Saudi would be voluntarily cutting output by more than 500,000 bpd below its pledged production level.
- How Opec is helping US oil reach a tipping pointThe US was briefly a net exporter in November.
- Crude oil prices likely to see some uptick in near termThe upside for crude will remain capped given that physical markets remain oversupplied.
- What is the Iran nuclear deal worth to oil prices? About $5-$15 a barrelFollowing this news, analysts in the oil market immediately began to ask what an open Iran could mean for markets.
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