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 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 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.
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.
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 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 lower forecast reflects what happened in the market with a drop in Brent crude-oil prices, the improving market perception of reduced risk for Iraqi oil exports and the recent news on increasing Libyan oil exports."
- Tancred Lidderdale on Aug 12, 2014