Unlike Goldman Sachs with its ‘doomsday scenario’ of US$20 per barrel of crude oil, EIA forecasts that Brent crude oil prices will average US$54 per barrel this year and US$59 per barrel in 2016. EIA based its projection on likely declining crude oil output in the US to 8.8 million barrels per day next year from 9.2 million barrels/day this year.To subscribe please click here
