The US Energy Information Administration (EIA) has raised its 2025 crude oil price forecast due to lower global oil inventories during the year’s first quarter. The upward revision is driven by the OPEC+ group’s extended production cuts, which are projected to result in daily global oil inventory withdrawals averaging 500,000 barrels in early 2025, according …

The post EIA Revises 2025 Oil Price Forecast Amid Lower Global Inventories and OPEC+ Cuts appeared first on AL24 News.