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  • Short-Term Energy Outlook

    From eia.gov Story is in PDF Format

    New U.S. biofuels data. Biomass-based diesel products are making up an increasing share of the total distillate fuel oil consumed in the United States. Beginning this month, we will publish forecasts for several new series that better capture how biofuels are being consumed and the share of total distillate fuel oil they account for. We expect that although U.S. total distillate fuel oil consumption will fall slightly this year to average 4.1 million barrels per day (b/d), biofuels will account for 9% (360,000 b/d) of that consumption, up from 8% last year and 5% in 2022. • New propane retail price data. Also ... (full story)

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  • U.S. Energy Information Administration - EIA - Independent Statistics and Analysis

    From eia.gov

    The U.S. Energy Information Administration (EIA) expects that Brent crude oil prices will return to above $80 per barrel this month, after dipping to $73 per barrel on September 6. In its September Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $82 per barrel in the fourth quarter of the year. Market concerns over economic growth and oil demand have increased, but EIA expects that global oil reserves will begin to decline as OPEC+ production cuts result in global oil consumption exceeding global oil production. OPEC+ member countries announced last week that they will ... (full story)

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