Short-Term Energy Outlook

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07 Mar

Short-Term Energy Outlook ">Short-Term Energy Outlook

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(Tue, 08 Mar 2016) North Sea Brent crude oil prices averaged $32/barrel (b) in February, a $1/b increase from January.
Brent crude oil prices are forecast to average $34/b in 2016 and $40/b in 2017, $3/b and $10/b lower than forecast in last month's STEO, respectively. The lower forecast prices reflect oil production that has been more resilient than expected in a low-price environment and lower expectations for forecast oil demand growth.

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