U.S. Energy Information Administration chief predicts oil pricecould fall below $100
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Last Update: 2020-07-04
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Source: Internet
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Author: User
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U.SEnergy Information Administration (EIA) Administrator Guy Caruso said crude oil prices could fall below $100 a barrel over the next 18 months because of lower global demand and higher oil productionCaruso made the comments at the Platts Energy Information And Energy Forum in Washington"I think with lower global demand and increased oil production from the US, Brazil, Canada and OPEC members, it is possible that oil prices will fall below $100 a barrel," he saidIf the world's remaining capacity continues to rise from the current 1.5 million barrels per day to 3 million to 4 million barrels per day, and global oil demand is weak, then speculation about the fall in oil prices is closer to reality,Caruso saidCaruso will leave the U.SEnergy Information Administration in September"It's more likely to happen now than at any time in the last five years," he saidCaruso also noted that the fall in oil prices has also made it possible for "OPEC to have an internal conflict" as OPEC talks about whether to cut productionU.SEnergy Information Administration (EIA) Administrator Guy Caruso said crude oil prices could fall below $100 a barrel over the next 18 months because of lower global demand and higher oil productionCaruso made the comments at the Platts Energy Information And Energy Forum in Washington"I think with lower global demand and increased oil production from the US, Brazil, Canada and OPEC members, it is possible that oil prices will fall below $100 a barrel," he saidIf the world's remaining capacity continues to rise from the current 1.5 million barrels per day to 3 million to 4 million barrels per day, and global oil demand is weak, then speculation about the fall in oil prices is closer to reality,Caruso saidCaruso will leave the U.S Energy Information Administration in September "It's more likely to happen now than at any time in the last five years," he said Caruso also noted that the fall in oil prices has also made it possible for "OPEC to have an internal conflict" as OPEC talks about whether to cut production (name)
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