EIA Cuts Brent and WTI Oil Price Forecasts for 2023 as Recession Fears, Inflation and Banking Crisis Overshadow OPEC's Production Cuts
- Th05 12, 2023, at 5:26 pm
The U.S. Energy Information Administration (EIA) said on May 9 that pessimism about a weak global economy, inflation and continued turmoil in the banking industry overshadowed concerns about OPEC's production cuts, dragging down the outlook for crude oil, gasoline and diesel prices.
