{"id":31048,"date":"2020-07-08T17:19:36","date_gmt":"2020-07-08T13:19:36","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31048"},"modified":"2020-07-08T18:06:01","modified_gmt":"2020-07-08T14:06:01","slug":"eia-revised-its-forecast-for-oil-prices","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eia-revised-its-forecast-for-oil-prices\/07\/08\/market-updates\/","title":{"rendered":"EIA Revised its Forecasts for Oil Prices"},"content":{"rendered":"\n<p>The US Energy information administration revised its forecasts for oil prices this year and next year, as US crude is expected to rise 6.9% this year compared to last June&#8217;s forecast, to $ 37.55 a barrel. The administration also expected that the average American oil price will increase by 4.1% next year to $ 45.70 a barrel.<\/p>\n\n\n\n<p>Meanwhile, US Energy Department expected Brent crude prices to rise by 6.5% this year to $ 40.50 a barrel and that prices to rise by 3.8% next year to reach $ 49.70 a barrel.<\/p>\n\n\n\n<p>On the other hand, the administration revised its forecast for the United States&#8217; production of crude oil, up 0.6% this year to 11.63 M bpd, while raising its estimates for production next year by 1.6% to 11.01 M bpd<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Energy information administration revised its forecasts for oil prices this year and next year, as US crude is expected to rise 6.9% this year compared to last June&#8217;s forecast, to $ 37.55 a barrel. The administration also expected that the average American oil price will increase by 4.1% next year to $ 45.70 &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6846],"class_list":["post-31048","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31048"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31048\/revisions"}],"predecessor-version":[{"id":31053,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31048\/revisions\/31053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31003"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}