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The U.S. Energy Information Administration (EIA) lowered its 2024 Brent spot price forecast in its latest short term energy outlook (STEO), which was released this week. According to its June STEO, the EIA now sees the Brent spot price averaging $84.15 per barrel this year. In its previous May STEO, the EIA projected that the Brent spot price would average ...
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post: RUSSIAN ENERGY MINISTRY: PRODUCTION VOLUMES EXCEEDED SINCE APRIL WILL BE FULLY ADJUSTED IN FUTURE post: RUSSIA IS FULLY COMMITED TO OPEC+ DEAL || RUSSIAN ENERGY MINISTRY: RUSSIA WILL SOLVE THE OIL OVERPRODUCTION ISSUE IN JUNE post: RUSSIAN ENERGY MINISTRY: RUSSIA OVERPRODUCED OIL IN MAY post: RUSSIA TO COMPENSATE FOR CRUDE OVERPRODUCTION THROUGH SEPTEMBER.