Flat Fuel Prices Forecast to Extend Through 2016-CY

摘要

The U.S. Energy Information Administration (EIA) revised its forecast downward of 2016 crude oil prices due to ongoing weak global growth and higher oil production. Specifically, the EIA lowered its 2016 forecast price for U.S. benchmark oil by $8 to $54 per barrel. In addition, the EIA expects Brent, the global pricing benchmark, to average about $59 per barrel in 2016. This is terrific news for fleets, promising another year of low fuel prices.