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EIA expects new production milestones for US crude oil amid sustained global petroleum demand and rising prices

Green Car Congress

AUGUST 9, 2023

EIA expects sustained global demand for petroleum products and Saudi Arabia’s extended voluntary production cuts will contribute to oil prices rising through the year. The Brent crude oil price was near $75 per barrel at the beginning of July and increased throughout the month to surpass $86 per barrel on 4 August. per gallon.

Oil 370
Oil Oil Prices Global Price 370
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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

JANUARY 11, 2023

The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.

Oil Prices 210
Oil Prices Oil Global Price 210
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