EIA'S UP TO TWO YEARS' WORTH OF OIL AND OIL

ON 12 AUGUST, THE EIA RELEASED A SHORT-TERM ENERGY OUTLOOK REPORT. EIA EXPECTS WTI CRUDE OIL PRICES TO BE $80.88/BARREL IN 2026, WHICH WAS EXPECTED TO BE $76.26/BARREL; WTI CRUDE OIL PRICES TO BE PROJECTED TO BE $65.39/BARREL IN 2027, WHICH WAS PREVIOUSLY EXPECTED TO BE $60.76/BARREL; BRENT PRICES TO BE PROJECTED TO BE $86.81/BARREL IN 2026, WHICH WAS PREVIOUSLY EXPECTED TO BE $81.91/BARREL; AND BRENT PRICES TO BE PROJECTED TO BE $69.39/BARREL IN 2027, WHICH WAS PREVIOUSLY EXPECTED TO BE $64.76/BARREL。