• <strike id="q0iu2"></strike>
  • The Annual Shale Gas Technology & Equipment Event
    logo

    The 15thBeijing International Shale Gas Technology and Equipment Exhibition

    ufi

    BEIJING,CHINA

    March 26-28,2025

    LOCATION :Home> News > Industry News

    U.S. projects oversupplied global oil markets by early 2022

    Pubdate:2021-11-10 11:33 Source: SHEELA TOBBEN AND DEVIKA KRISHNA KUMAR Click:

    (Bloomberg) --The U.S. government projected that the global oil market will become oversupplied and prices will fall by early next year, cooling expectations that the White House may tap the nation’s emergency reserves.

    Supply increases next year from OPEC nations as well as U.S. drillers will ultimately pressure prices lower. The U.S. benchmark crude will fall below $80 a barrel by December and reach as low as $62 by the end of next year and its global counterpart Brent will average $72 a barrel in 2022, the Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. U.S. pump prices will drop below $3 a gallon by February, the data show.

    “We forecast that global oil stocks will begin building in 2022, driven by rising production from OPEC+ and the United States, along with slowing growth in global oil demand,” the EIA said.

    The Biden administration has been under pressure to act to suppress rising gasoline prices that are now at the highest levels since 2014. But the report may weaken the argument for a release of oil from the U.S. Strategic Petroleum Reserve, a move that had been seen as the most direct action U.S. President Biden could take to drive down prices, especially after OPEC and its allies resisted Biden’s calls to bring more crude supplies into the global market.

    Supply Versus Demand

    The Strategic Petroleum Reserve holds more than 600 million barrels of crude in underground caverns in Louisiana and Texas for major emergencies. Existing volumes are large enough to replace all the oil that the U.S. imports from OPEC and its allies for more than a year.

    “There is no real reason for an imminent release,” said Spencer Vosko, director for crude oil at Black Diamond Commodities LLC. “The bigger question here is production. While U.S. shale producers are showing constraint it looks like global supplies could be on the mend.”

    Global oil supply is set to average 101.42 million barrels a day in 2022, while worldwide demand is seen at 100.88 million barrels a day.

    Meanwhile, U.S. crude production is expected to rise to average 11.9 million barrels a day in 2022 as drillers make a comeback. A nearly 15% rally in West Texas Intermediate crude prices since July is luring some shale producers to ramp up output, most notably private drillers. While the outlook marks an expected increase in supply, it is still far from the record annual volume reached in 2019 as the recovery across major shale regions has been mixed.

    亚洲精品国产第1页| 亚洲午夜精品一区二区麻豆 | 日韩精品内射视频免费观看| 精品国产综合区久久久久久| 最新国语自产精品视频在| 精品一区二区三区免费毛片爱| 国产成人精品一区在线| 欧洲MV日韩MV国产| 精品人妻少妇一区二区三区不卡| 老汉精品免费AV在线播放| 亚洲中文久久精品无码| 日韩一区二区三区电影在线观看| 精品国产一区二区三区久久狼| 久久精品一品道久久精品9| 亚洲精品在线视频| 日韩av无码成人无码免费| 国产高清在线精品二区| 亚洲精品综合在线影院 | 国产精品久久久久久久久99热| 2021精品国产综合久久| 91精品国产综合久| 久久99精品国产| d动漫精品专区久久| 国产福利电影一区二区三区,日韩伦理电影在线福 | 久久99国产乱子伦精品免费| 国内精品久久国产大陆| 久久无码精品一区二区三区| 七次郎在线视频观看精品| 亚洲AV无码AV日韩AV网站| 日韩在线观看视频网站| 国产精品社区在线观看| 亚洲AV永久无码精品一福利| 午夜不卡久久精品无码免费| 日韩欧国产精品一区综合无码| 欧洲熟妇精品视频| 国产午夜精品一区二区三区不卡| 国产精品热久久无码av| 亚洲欧美日韩综合久久久久| 青青草国产三级精品三级| 亚洲精品成a人在线观看夫| 精品国产专区91在线尤物|