The Energy Department increased its price forecasts for West Texas Intermediate crude for 2014, narrowing the U.S. benchmark’s discount to Brent.
The U.S. Energy Department left its crude oil price forecast for 2010 little changed after prices in New York posted their smallest monthly move this year.
The U.S. Energy Department reduced its crude oil price forecast for 2010 on concern that global economic growth may slow and on ample U.S. stockpiles.
The U.S. Energy Information Administration increased its West Texas Intermediate crude price forecast for 2013 after prices surged in July.
Propane in the Midwest advanced to records as a cold front increased demand for heating with inventories below normal levels and pipelines constrained by service changes.
The U.S. Energy Information Administration reduced its crude-oil price forecast for 2013 because of falling futures and increasing production outside of the Organization of Petroleum Exporting Countries.
The Energy Information Administration lowered its forecast for West Texas Intermediate prices and said the U.S. grade’s discount to Brent will widen as domestic production surges.
U.S. crude oil production exceeded imports in October for the first month since February 1995, the U.S. Energy Information Administration said.
The U.S. Energy Information Administration raised its West Texas Intermediate crude price forecast for 2013 as floods in Canada and new outlets reduced glut concerns in the central U.S.
"We raised the Brent price forecast and raised WTI a little more, reflecting a narrowing WTI discount to Brent in the second quarter."
- Tancred Lidderdale on Jun 10, 2014