Crude Oil

EIA Lifts Price Forecast on Higher Oil Consumption Plus Tighter Supply

440 Views11 Apr 2024 15:32
EIA's April STEO reveals upward revisions in global oil consumption, production, and price forecasts. It also raises forecast on gasoline prices due to dwindling inventories.
What is covered in the Full Insight:
  • EIA's Updated International Energy Statistics
  • Raised consumption forecast and oil price expectation
  • Raised Global Liquid Fuels Production Forecast
  • Anticipated increase in US gasoline exports and decline in inventories
  • EIA’s revised forecasts for retail gasoline prices for 2024 and 2025
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
  • Unlock all research summaries
  • Follow top, independent analysts
  • Receive personalised alerts and emails
  • Access Briefings, Analytics, and Events

Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.

Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.

Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 5-minute read)
(Paid Plans Only)
Mint Finance
Deep Fundamental Analysis
Multi-AssetMacroeconomicsCross Asset Strategy
Price Chart(Sign Up to Access)
  • EIA Lifts Price Forecast on Higher Oil Consumption Plus Tighter Supply
    11 Apr 2024