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The U.S. Energy Information Administration expects the Brent-WTI spread to narrow gradually as oil flows through the Strait of Hormuz resume. This projection accompanies falling oil prices. The analysis addresses global oil market dynamics and potential supply adjustments.
Substrate placeholder — needs reviewThe US Energy Information Administration has forecasted a prolonged disruption to crude oil production at wellheads in the Persian Gulf. The forecast focuses on wellhead production and does not cover flows through the Strait of Hormuz. It excludes natural gas liquids, applying on…
Substrate placeholder — needs reviewThe U.S. Energy Information Administration projects U.S. oil production to average 13.64 million barrels per day in April, up from 13.56 million in March. Natural gas production is expected to average 120.3 billion cubic feet per day in both April and May, slightly down from Marc…