EIA Raises Crude Price Estimates Amid Persisting Middle East Supply Constraints
The U.S. Energy Information Administration has increased its crude oil price forecasts, anticipating that export restrictions in the Middle East will continue through the fourth quarter. The agency also noted that recent disruptions, such as the attack on Saudi Arabia's East-West pipeline, indicate potential for further volatility.
S. Energy Information Administration raised its crude oil price estimates, saying it expects export restrictions in the Middle East to continue through the fourth quarter. The agency said recent disruptions, including the attack on Saudi Arabia's East-West pipeline, underscore the potential for further volatility.