EIA forecasts higher crude oil production, prices in the year ahead

Short Term Energy Outlook forecasts record production in 2023

Oil rig silhouette over orange sky

Crude oil prices remain high amid continued uncertainty about OPEC+ production decisions. That uncertainty, along with the COVID-19 pandemic and potentially severe winter weather, is causing uncertainty in energy markets, according to the Short-Term Energy Outlook (STEO) released Tuesday by the Energy Information Administration (EIA). “Notably, the Omicron variant of COVID-19 raises questions about global […]

Already subscribed, click below. 
Exit mobile version