US EIA Hikes Oil Price Forecasts
The US EIA raised its oil and diesel price forecasts as the ongoing Iran war drains global stockpiles. Brent crude is expected to average $105 a barrel in the fourth quarter.
Xurve View
Insights:
Xurve View
The United States Energy Information Administration raised its oil price forecast for this year and next, citing plunging global stockpiles and tight diesel markets driven by the ongoing Iran war. The upward revision follows persistent attacks on regional energy infrastructure and shipping routes. The forecast highlights growing pressure on global petroleum supplies and refining capacity.
