EIA forecasts 2023 global production of liquid fuels to exceed 101 MMb/d for first time
Green Car Congress
APRIL 13, 2023
Energy Information Administration (EIA) increased its forecast for the 2023 Brent crude oil price by 2.5% This change came after OPEC and its partner countries (OPEC+) announced crude oil production cuts for 2023. EIA expects the Brent crude oil spot price to average $85 per barrel in 2023, $3 per barrel higher than its March forecast.
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