bullish
EIA Lifts Price Forecast on Higher Oil Consumption Plus Tighter Supply
466 Views11 Apr 2024 15:32
EIA's April STEO reveals upward revisions in global oil consumption, production, and price forecasts. It also raises forecast on gasoline prices due to dwindling inventories.
What is covered in the Full Insight:
- EIA's Updated International Energy Statistics
- Raised consumption forecast and oil price expectation
- Raised Global Liquid Fuels Production Forecast
- Anticipated increase in US gasoline exports and decline in inventories
- EIA’s revised forecasts for retail gasoline prices for 2024 and 2025
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