EIA: Oil prices to average $81 through year-end

2021-10-19

The US Energy Information Administration's October Short-Term Energy Outlook predicts that during the fourth quarter of 2021, Brent prices will average $81 per barrel due to falling global oil inventories. Total US oil production for 2021 is expected to average 11.0 million barrels per day, rising to 11.7 million in 2022 as more rigs come online.

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