August 19, 2015 Source: U.S. Energy Information Administration, , August 2015 Note: Similar confidence intervals cannot be established around the Brent futures price, as trading volumes on Brent futures contracts are relatively sparse compared to WTI trading volumes. Amid high uncertainty in the global oil market, EIA has lowered crude oil price forecasts in the […]
Tag Archives: forecast
Despite a sharp decline in oil prices, the International Monetary Fund (IMF) in its latest economic outlook today lowered growth expectations for this year and the next for most countries due to slowdown in investment, and urged governments and central banks to pursue economic stimulation policies and structural reforms to boost growth. According to its […]
October 30, 2014 Source: U.S. Energy Information Administration, (October 2014) In the long term, energy-related carbon dioxide (CO2) emissions are driven by economic and efficiency trends and changes in the fuel mix. But weather fluctuations, which drive the level of energy use for both heating and cooling, are a very significant factor affecting year-to-year variation […]
September 10, 2014 Source: U.S. Energy Information Administration, EIA’s short-term forecasts of gasoline consumption, which cover the current and upcoming calendar year, have risen over the past year. The latest (STEO), released yesterday, expects 2014 gasoline consumption to be 8.82 million barrels per day (135.2 billion gallons), 0.13 million barrels per day (2 billion gallons) […]
