In the outlook, the EIA predicted weaker oil prices this year and next, citing expectations that OPEC will roll back its production cuts and non-OPEC oil producers will continue raising their ...
the report said. Globally, oil and liquid fuel production is now expected to average 104.4 million bpd in 2025, up from the prior forecast of 104.2 million bpd, the EIA said. The EIA cited a ...