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Eia Forecast

All articles tagged with #eia forecast

markets21 days ago•21 min saved

BofA Warns Oil Could Hit $150 as Iran Conflict Drains Inventories

Bank of America has raised its year-end Brent crude forecast to $95 a barrel, warning that prices could spike above $150 if oil inventories continue to deplete due to the ongoing conflict in Iran. While alternative shipping routes have partially mitigated supply shortfalls, damaged infrastructure and rising geopolitical tensions make a rapid return to normal conditions unlikely. The U.S. Energy Information Administration (EIA) projects a significant oil market crunch in 2026, with global inventories falling by an estimated 400 million barrels so far this year. Conversely, the EIA expects a substantial glut in 2027 as production recovers, potentially driving prices down to an average of $67 per barrel by the second half of next year.

via MarketWatch|

#bank-of-america #eia-forecast #geopolitical-risk

energy1 month ago•2 min saved

Diesel outlook climbs as EIA flags tight distillates into 2027

The Energy Information Administration raised its 2027 U.S. diesel price forecast to $4.40 a gallon (up 33 cents) as persistently tight distillate inventories—driven by disruptions in the Middle East, Russia and China and higher exports—keep pressure on prices; the agency warns inventories could stay below 100 million barrels this fall and hover under the five-year low through much of 2027, with refinery maintenance and rising winter demand likely to widen the gap. It also nudged the 2026 forecast to about $5.07/gal, underscoring continued price pressure amid ongoing supply constraints.

via Axios|

#diesel-prices #distillate-inventories #eia-forecast

business3 months ago•7 min saved

Oil markets cool as production rebounds and new routes limit Iran's leverage

Iran's ability to use disruptions in the Strait of Hormuz to push oil prices appears to be waning as global crude output recovers and alternative export routes expand. While attacks still cause brief price spikes, rising supply and diversified shipping patterns suggest Iran's leverage over Washington is diminishing, though volatility could linger if conflict escalates.

via Fox News|

#business #eia-forecast #iran

energy8 months ago•1 min saved

Winter Storm Triggers 25% Jump in Natural Gas Prices Ahead of Cold Front

Natural gas prices surged about 25% as a major winter storm looms over much of the U.S., likely driving higher heating bills amid ongoing affordability concerns. The National Weather Service warns of hazardous cold, freezing rain and heavy snow, which could boost demand through February. The EIA expects overall gas costs to fall in 2026 but rise in 2027 due to growing LNG exports and electric-power demand, and analysts say households could face roughly $1,000 in heating expenses this winter as winter energy prices remain elevated.

via NBC News|

#eia-forecast #energy #energy-prices

energy-markets2 years ago•1 min saved

"Forecast: U.S. Oil Production Surges, Challenging Global Market Dynamics"

The U.S. Energy Information Administration predicts that U.S. crude oil production will reach record levels of 13.2M bbl/day in 2024 and 13.4M bbl/day in 2025, attributing the growth to increased well efficiency. However, the rate of growth is expected to slow due to lower drilling activity. The EIA also forecasts significant growth in solar power as a source of U.S. electricity generation. Additionally, it anticipates a drop in OPEC+ production and an increase in global petroleum inventories by mid-2025, despite efforts to restrict production and prevent price declines.

via Seeking Alpha|

#eia-forecast #energy-markets #opec