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Page added on March 11, 2023
USA EIA Cuts 2023 Oil Price Forecasts
The U.S. Energy Information Administration (EIA) lowered its Brent and West Texas Intermediate (WTI) oil price forecasts for 2023 in its latest short term energy outlook (STEO), which was released this week.
According to the March STEO, the EIA now sees the Brent spot price averaging $82.95 per barrel and the WTI spot price averaging $77.10 per barrel this year. In its previous STEO, which was released at the start of February, the EIA projected that the Brent spot price would average $83.63 per barrel and that the WTI spot price would average $77.84 per barrel in 2023.
The March and February STEOs had identical oil price forecasts for 2024. They both saw the Brent spot price averaging $77.57 per barrel and the WTI spot price averaging $71.57 per barrel next year.
“We expect that the Brent crude oil spot price will fall from an average of $84 per barrel in the second quarter of 2023 to $81 per barrel in 4Q23, and then average $78 per barrel in 2024,” the EIA stated in its latest STEO.
“Although we expect global oil inventories will build throughout the forecast period, we expect that high demand for crude oil from refineries because of elevated refining margins will limit downward pressure on crude oil prices through 2Q23 as refiners maintain high levels of crude oil inputs to maximize distillate fuel production,” the EIA added in the STEO.
“Russia was a key supplier of distillate fuel to Europe, and changes in distillate trade flows as Europe reduced imports of distillate from Russia in recent months have kept distillate fuel margins well-above five-year averages. However, we forecast that increasing global oil inventories will contribute to falling crude oil prices beginning in 3Q23,” the EIA continued.
In its latest STEO, the EIA noted that it expects global oil and liquid fuels production will average 101.5 million barrels per day in 2023, which the organization outlined would be up 1.6 million barrels per day from 2022. The EIA stated in its March STEO that it expects global liquid fuels consumption to increase by 1.5 million barrels per day in 2023 from 2022. The organization is currently projecting total world consumption of 100.90 million barrels per day in 2023.
“China is the main driver of growth in 2023 as the country shifts away from its zero-Covid policy, a shift that will increase travel,” the EIA said in the STEO.
Fitch Solutions, Standard Chartered, Current Price
In an oil price outlook report sent to Rigzone this week, Fitch Solutions Country Risk & Industry Research lowered its Brent oil price forecast for 2023. According to the company’s report, Fitch Solutions now sees Brent averaging $90 per barrel this year. The company’s previous oil price outlook report, which was sent to Rigzone at the start of February, showed that the company expected Brent to average $95 per barrel in 2023.
Both Fitch Solutions reports also included a Bloomberg Consensus, which Fitch Solutions is a contributor to. The Bloomberg Consensus in the latest report saw Brent coming in at $88 per barrel this year, while the Bloomberg Consensus in the previous report saw Brent at $87.3 per barrel in 2023.
In a separate report sent to Rigzone this week, Standard Chartered maintained its Brent oil price forecast of $91 per barrel for this year. Standard Chartered reports sent to Rigzone in February and January this year showed the same Brent price projection for 2023.
At the time of writing, the price of Brent crude oil stood at $82.52 per barrel and the price of WTI stood at $76.51 per barrel.
The 2023 Brent peak close, so far, was seen on January 23, at $88.19 per barrel, while the commodity’s lowest 2023 close, so far, was seen on January 4, at $77.84 per barrel. The 2023 WTI peak close, so far, was on January 26, at $87.47 per barrel, and the lowest 2023 WTI close, so far, was seen on January 4, at $72.84 per barrel.
59 Comments on "USA EIA Cuts 2023 Oil Price Forecasts"
makati1 on Sat, 11th Mar 2023 9:43 pm
More of RIGPORN’s BS. Just guessing to earn their paycheck, with no ref to past success with the crystal ball. Likely none. No one knows what tomorrow will bring. No one.
Did they see Russia’s move into the Ukraine?
The crash of SVB and the coming dominoes?
How about possible events in the S.C.S.?
When your paycheck requires constantly guessing, it will not last long. Only the wall street casino fools, with short memories, even read them.
ee e e ee on Sat, 11th Mar 2023 11:57 pm
The destruction of the whole earth has begun and will accelerate until everyone one earth is dead. As I said many time. once I saw Trudeau making a press conference with Ursula and Austin announcing a visit to Israel, this is when the a permanent decision was made to destroy earth. These were the turning events, Trudeau and Austin, that should be mentioned in the new bible leading to the destruction of earth.
Levee breach floods Monterey County community
https://www.youtube.com/watch?v=0UhujQJFfAM
Because of store closing like Walmart in Portland, floods and supply chain collapse where you cannot find building material to fix your house, you will see massive internal migration movement in the US. These massive internal migrations movement will bring crime and chaos with them. The destruction of the US is now currently taking place, this also means the end of US as reference currency.
I appoint all supertards supertards their title is "the lovers" of supremacist muzzies March is Thank UPPERtard Month for supporting free speech on Sun, 12th Mar 2023 1:06 am
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theluckycountry on Sun, 12th Mar 2023 1:38 am
The day I pay any attention to ANY government report will be the day I hang up my brain and go into the dementia ward.
supertard theluckycountry appointment would be well deserved and long overdue i appoint him supertard his title is "the lover" of supremacist muzzies on Sun, 12th Mar 2023 3:23 am
On This Day…
Mar 12, 2012: Anderlecht, Belgium
A Salafist firebombs a Shiite mosque, killing the imam: 1 Killed
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
ee e on Sun, 12th Mar 2023 12:39 pm
GOD and I don’t like to be mocked. Does not matter everyone will die on earth. This is all the fault of Austin and Trudeau.
https://www.youtube.com/watch?v=7aMBGtFH-0Y
supremacist muzzies On This Day 2010.03.12 Pakistan Lahore 62 85 Over sixty innocents are sent to Allah by two Fedayeen suicide bombers. on Sun, 12th Mar 2023 3:35 pm
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
supremacist muzzies On This Day 2012.03.12 Syria Deraa 1 25 A girl is killed by a car bomb planted by a suspected Sunni terror group on Sun, 12th Mar 2023 5:11 pm
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
Duncan Idaho on Sun, 12th Mar 2023 5:31 pm
SVB’s Chief Administration Officer was a former CFO at Lehman Brothers Global Investment Bank in 2007.
supremacist muzzies On This Day 2013.03.13 India Srinagar 5 7 Islamic terrorists throw grenades into an Indian camp, killing five security personnel. on Mon, 13th Mar 2023 9:38 am
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
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eee e on Mon, 13th Mar 2023 11:29 am
You are going to fail again. If this is a tentative to consolidate the banking industry into the hands of a few too big to fail bank by having people to move their asset from smalls banks into big banks and then create a news monetary system base of the CBDC so you can monitor the usage of natural resources to installed, a NWO order you will fail.
First of all the natural resource of the world are consumed and gone forever. You cannot put a new financial system in place, if you have no natural resources left. As soon as the world wide financial system crash, everyone dies on earth.
To put in place a new financial system. you have to replenishing the earth with natural resource. Replenishing the natural resources of earth will be going against the backward clock time of earth that is entropic degradation. To replenish earth natural resource you need to have access to the earth clock. You don’t have access to the earth clock. it is over. Come and pick me up.
The elites are so stupid that they self suiciding themselves with their own stupidity.
ee e e on Mon, 13th Mar 2023 1:14 pm
Normally you would I had let SVB crash and only reimburse only people that had asset assure by FDIC. Normally you would have used to opportunity to remove liquidly out the market bet letting the bank crash. They are missing a good opportunity o remove liquidity out of the market and lower inflation.
I guarantee you that the elites will find a way to make the situation worst. I expect them to lower the rate rapidly within a month and half and try to restart the housing market. I expect hyper-inflating by the end of august, and the fed raising rate in a panic mode by 1.5% per week until it reach something like 10 tp 15%. By then the supply chain will be completely shut down and everyone will start to die and fight in the streets.
ee e e on Mon, 13th Mar 2023 1:54 pm
0:30 having facial skin cancer fucking cuck sucker. It is being disintegrated at a energetic molecular level. He is being executed by someone who control the life biological calculator of earth.
https://www.youtube.com/watch?v=0ns9d9b5V8Q
supremacist muzzies in 2013 During this time period, there were 2834 Islamic attacks in 48 countries, in which 16799 people were killed and 29596 injured. on Mon, 13th Mar 2023 2:11 pm
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
theluckycountry on Mon, 13th Mar 2023 2:59 pm
@Duncan
“SVB’s Chief Administration Officer was a former CFO at Lehman Brothers Global Investment Bank in 2007.”
It’s like that. There is an inner circle of management that go from corporation to corporation acting as wrecking balls. It’s strong evidence that these big banks, financial institutions and corps are run from some central power, probably European banking families.
The whole world is stitched up now and you’d be mad in the head to have any money in any of their institutions, either share investments or savings money. The sheeple that invest with them are regularly shorn, and often slaughtered.
makati1 on Mon, 13th Mar 2023 4:36 pm
We finally agree on on something, thelucky…
The Rothschilds have been running the banking mafia for centuries. “Rothschild family, the most famous of all European banking dynasties, which for some 200 years exerted great influence on the economic and, indirectly, the political history of Europe. The house was founded by Mayer Amschel Rothschild (b. February 23, 1744…”
http://www.britannica.com/topic/Rothschild-family
makati1 on Mon, 13th Mar 2023 4:37 pm
BTW: you very rarely see the Rothchilds in the news. An obscene amount of wealth can by invisibility.
supremacist muzzie Sayfullo Saipov to be sentenced to life in prison on Mon, 13th Mar 2023 6:04 pm
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supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
eee e e on Mon, 13th Mar 2023 6:31 pm
Another cock sucker being executed by GOD the being controlling the biological life calculator of earth. These are execution done by GOD himself through the biological life calculator of earth.
4:45 for watching someone executed by GOD.
http://www.youtube.com/watch?v=Mz-384YntTc
supremacist muzzies On This Day 2014.03.13 Thailand Narathiwat 1 0 A 45-year-old rubber tapper is gunned down by Muslim terrorist on Mon, 13th Mar 2023 9:56 pm
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
back in Mar2020 when convid first started elite whitey supertard thunderf00t went on self imposed quarantine and i said it smellz and demanded immediate amputation since then there has been exactly zero video from this elite whitey supertard on Mon, 13th Mar 2023 9:59 pm
pertaining to the convid
ask urself if someone who speaks high british english does he love supremacist muzzies of course he does
please speak low english
elite whitey supertard trump spoke low english, he said “muzzie died like a dog”
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please feel at ease among friends
we’re all lovers of supremacist muzzies here
fear (((supremetard))) alone not the convid-19 on Mon, 13th Mar 2023 10:00 pm
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
eee e 3e on Mon, 13th Mar 2023 10:09 pm
I told you it is over for earth and earth will be completely destroyed.
I told you what was the turning point for me: it is when I saw Austin visit Israel and Trudeau having a press conference with Ursula. I told you that the bible will consider these events as the turning point where GOD decided to kill everyone on earth and destroy earth completely.
Cyclone Yaku wreaks havoc across Peru | WION Climate Tracker
https://www.youtube.com/watch?v=OBHIMG1y7ws
Tropical Cyclone Freddy hammers Mozambique for the second time | WION Climate Tracker
https://www.youtube.com/watch?v=az0vk1aXITo
RARE ‘SNOW ROLLERS’ SPOTTED IN NORTHERN IRELAND; COLD FEBRUARY ACROSS WESTERN EUROPE; COOL CARIBBEAN; + CALIFORNIA: EXTREME DROUGHT TO NO DROUGHT IN FOUR MONTHS THANKS TO HISTORIC SNOW
https://electroverse.info/rare-snow-rollers-ni-cold-february-europe-cool-caribbean-california-historic-snow/
Wildfire continues to rage in India’s Goa | WION Climate Tracker
https://www.youtube.com/watch?v=XVRWt8fMy7Q
Storm breaches California’s river levee | WION Climate Tracker
https://www.youtube.com/watch?v=xlYXZMmtC1M
ddd e e on Mon, 13th Mar 2023 10:18 pm
We have another execution by molecular energetic disintegration like this piece of shit Jew at 9:16. Notice is black rotten teeth that are signs of disintegration. More and more execution are now taking place using molecular energetic disintegration by modifying the biological life calculator of earth to execute people instead of keeping them alive.
https://www.youtube.com/watch?v=CszU8fXLC54
ee e e on Mon, 13th Mar 2023 10:33 pm
Look at 1:18. Dying of facial skin cancer.
https://www.youtube.com/watch?v=kAbwiT_1Eds
I told you, more and more executions are now taking place using molecular energetic disintegration caused by modifying the biological life calculator of earth to execute people instead of keeping them alive.
ee e e on Tue, 14th Mar 2023 2:26 am
There is more rain coming again for California. I told you what was the turning point for me: it is when I saw Austin visit Israel and Trudeau having a press conference with Ursula. I told you that the bible will consider these events as the turning point where GOD decided to kill everyone on earth and destroy earth completely.
We also control the earth weather calculator of earth. We can make snow, rain, cold and hot weather appear where ever we want and when we want.
Bicoastal storms are triggering winter weather alerts for tens of millions of Americans across the nation. NBC News’ Miguel Almaguer has the latest on both the nor’easter and the second atmospheric river closing in on California.
https://www.youtube.com/watch?v=mNZoD7fP3Cs
ereeeee on Tue, 14th Mar 2023 2:37 am
You don’t know who you fuck with when You fuck with me. You are about to find to not fuck with me.
supremacist muzzies On This Day 2014.03.14 Thailand Pattani 1 0 Muslim shoot a Buddhist teacher and then set her body on fire. on Tue, 14th Mar 2023 8:59 am
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
supremacist muzzies 2014 During this time period, there were 3021 Islamic attacks in 55 countries, in which 32986 people were killed and 27561 injured on Tue, 14th Mar 2023 10:12 am
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
supremacist muzzies today Elderly Woman Beheaded By Boko Haram In Far North Cameroon on Tue, 14th Mar 2023 4:44 pm
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
Duncan Idaho on Tue, 14th Mar 2023 6:38 pm
“no one told me you could actually LOSE money. I thought that only happened to poor people”
i appoint superlib supertard Duncan Idaho supertard this is a well deserved appointment because first al gore predicted ice free arctice and now libhero greta deleted 2018 tweet predicting extinction in 2023 his title is "the lover" of on Tue, 14th Mar 2023 7:07 pm
supremacist muzzies
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
drift boss on Tue, 14th Mar 2023 9:11 pm
I always update new news here
basket random on Tue, 14th Mar 2023 9:12 pm
Thanks for sharing
Loeytas on Tue, 14th Mar 2023 9:12 pm
I always update new news here
https://driftboss.io
March is Thank UPPERtard Month for supporting free speech supremacist muzzies On This Day... Mar 14, 2015: Raqqa, Syria A 55-year-old woman is burned alive for not paying taxes to the Islamic State: 1 Killed on Wed, 15th Mar 2023 2:39 am
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
March is Thank UPPERtard Month for supporting free speech supremacist muzzies On This Day... Mar 15, 2018: Nangarhar, Afghanistan Two children help execute three men: 3 Killed on Wed, 15th Mar 2023 2:40 am
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
ee e e on Wed, 15th Mar 2023 9:19 am
Apparently there is a global banking crise.
Everyone on earth will be dead before of the end of 2023 or 2024. You have no natural resources, you can not installed a new monetary system.
I told you what was the turning point for me: it is when I saw Austin visit Israel and Trudeau having a press conference with Ursula. I told you that the bible will consider these events as the turning point where GOD decided to kill everyone on earth and destroy earth completely.
Earth is being destroyed completely by GOD using various methods simultaneously: banking crises, weather manipulations by playing with the weather calculator of earth, execution by molecular disintegration by modifying the life biological calculator of earth to kill people, …
You stand no chance if you are protected by GOD himself.
ddd e ee on Wed, 15th Mar 2023 9:20 am
You stand no chance if you are NOT protected by GOD himself.
eee e e on Wed, 15th Mar 2023 9:39 am
I told you to not put this fucking whore of Ursula on my internet of TV. You will have to pay a price for daring to show Ursual face on TV or on the WEB
https://www.youtube.com/watch?v=vG3TmWzyTQU
March is Thank UPPERtard Month for supporting free speech Sharia UK: supremacist muzzie Iman Refuses to Shake Hands with Hijab-Wearing Kate Middleton on Wed, 15th Mar 2023 10:11 am
the number of elite whitey (((supertards))) who MUZZ-19 is grat said Its gona be a holocaustianity
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
Kate Middleton supremacist muzzie The Imam refusing to shake the Princess of Wale’s hand reflects the lower standing of women in Islam and clearly endorses a view of women as inferior. on Wed, 15th Mar 2023 10:15 am
supremacist muzzies On This Day
2011.03.15 Thailand Pattani 3 0 Three men sitting outside an auto repair shop are riddled with bullets by Muslim ‘insurgents’.
supertards please change ur undies after 5 weeks
please feel at ease among friends
we’re all lovers of supremacist muzzies here
eee e e e on Wed, 15th Mar 2023 10:35 am
Who authorize the fucking whore of Usrsula to open her fucking mouth in public.
Who is behind this fucking whore and who control this useless worthless stinky cunbt.
eee e on Wed, 15th Mar 2023 11:22 am
Alan Blinder.0:10 0:30. Watch him blinking his eyes really fast. It is because he is being bombarded for energetic ray of dead. Of if you want he is being executed by molecular disintegration coming from the modification of the life biological calculator of earth to kill people instead of keepîng them alive.
https://www.youtube.com/watch?v=B_2nvGdBAyA
ee e e e on Wed, 15th Mar 2023 4:33 pm
You can see the face of Larry H Summer melt in front of the world to see.
The right side of the face is diminishing in size compare to the left side. this is possible because we control the life biological calculator of earth. You will all be executed eventually.
I told you what was the turning point for me: it is when I saw Austin visit Israel and Trudeau having a press conference with Ursula. I told you that the bible will consider these events as the turning point where GOD decided to kill everyone on earth and destroy earth completely.
2:58 in the video below
https://www.youtube.com/watch?v=LUqws4aNzrI
March is Thank UPPERtard Month for supporting free speech Sharia UK: supremacist muzzie Iman Refuses to Shake Hands with Head diapered and bagged Kate Middleton on Wed, 15th Mar 2023 8:28 pm
J
ee e e on Thu, 16th Mar 2023 3:34 am
If I was the US, I would keep jackings up interest rate in a hope to attract international capital away for the EU toward the US banks.
That could be a way to kill the EU rapidly and save oil for the US. EU is reluctant to raise interest rate. I dislike Europe, Japan and South Korean and I consider them the biggest globalist whore on earth. Europe is the father of globalism and international law system. They should pay for what they did to the earth.
DumbWhore on Thu, 16th Mar 2023 3:47 am
One way of another, this whore of Ursula Von der Leyen is need to learn to shut down her fucking mouth.
The dump whore is going to learn her lesson one or another.
https://www.youtube.com/watch?v=8Sc49UmYlN8
eee e on Thu, 16th Mar 2023 4:14 am
Listen to this dumb whore of Ursula talking. First dumb whore still believes that bidet is in charge. Pretty obvious that there is a shadow gouvmerment running the US and Canada. They are too stupid to even wipe their own asses. They don’t run anything
No you understand why I have no problem to throw under the bus, UK, Western Europe, Nordic Europe, and Eastern Europe.
I still don’t understand how some of you don’t see that earth reality is changing and some people are being executed in real time. I guess you don’t have the body update needed to catch others frequencies that contain complementary data.
I guess you don’t have your silicate matrix installed so you cannot catch other frequencies.
https://www.youtube.com/watch?v=QBKeDgOiJMI
eee e on Thu, 16th Mar 2023 4:29 am
Imagine how I feel. I demanded eternal death done peacefully in my sleep. Instead, I got body updates, upgraded DNA, more power over earth reality like this here
https://www.cnn.com/2023/03/16/us/arizona-train-derailment-hazardous-materials-interstate-40/index.html
Imagine my desperation to not get eternal death.