Banks that lend to natural gas and oil producers have substantially raised their price expectations for both commodities, according to the latest biannual Energy Bank Price Deck Survey conducted by Haynes and Boone LLP. The law firm conducts spring and fall editions of the survey each year to capture the expectations of energy banks for…
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Global Crude Oil Prices to Average $82 to Year’s End and $72 in 2022, EIA Says
After averaging $84/bbl in October, Brent crude oil spot prices are on track to remain near current levels through the end of 2021, according to updated forecasting from the Energy Information Administration (EIA). The agency said in its latest Short-Term Energy Outlook (STEO), published Tuesday, that it expects Brent crude spot prices to average $82…
November 10, 2021
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