EIA Expects Gas Prices to Moderate, Oil Prices to Climb Amid Production Gains

摘要

With U.S. oil and natural gas imports declining and record domestic production expected, the Energy Information Administration (EIA) is predicting a slight reduction in gas prices and higher oil prices in its latest Short-Term Energy Outlook (STEO) compared with the June forecast. In the July 10 STEO, EIA noted that Brent crude oil prices dipped $3/barrel during June to average $74/barrel. It is forecasting Brent prices to average $73/barrel for the second half of 2018, with West Texas Intermediate (WTI) averaging $67/barrel for the remainder of 2018. WTI is expected to average $62/barrel in 2019.