EIA cuts WTI price forecast 24 cents/b for 2021 Trims 2021 global oil demand estimate by 250,000 b/d US gasoline prices remain high but seen falling in Q4 With no clear end in sight to the pandemic and concerns growing over the spread of the delta variant, market concerns about oil demand impacts are fostering continued declines in crude oil prices, the US Energy Information Administration said Sept. 8 in its latest Short-Term Energy Outlook. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The agency cut its 2021 estimate for WTI crude prices by 24 cents/b to $65.69/b and expects prices to fall further in 2022 to average $62.37/b. Similarly, the EIA trimmed its Brent crude spot price estimate for 2021 by 10 cents/b to $68.61/b, while maintaining its 2022 estimate at $66.04/b. The EIA said steady draws on global oil inventories […]