Global Crude Oil and Liquid Fuels
Crude Oil and Liquid Fuels Overview. EIA's assessment of world oil markets is largely unchanged from last month's Outlook, and world oil prices will likely continue to firm and increase slightly in response to the global economic recovery. As long as the global economy continues to recover, and the Organization of the Petroleum Exporting Countries (OPEC) remains satisfied with its constrained supply targets, global oil markets should remain in this situation. Major uncertainties include the pace of global economic recovery and the extent to which the largest economies continue their stimulus and other economic policies.
Crude Oil and Liquid Fuels Overview. EIA's assessment of world oil markets is largely unchanged from last month's Outlook, and world oil prices will likely continue to firm and increase slightly in response to the global economic recovery. As long as the global economy continues to recover, and the Organization of the Petroleum Exporting Countries (OPEC) remains satisfied with its constrained supply targets, global oil markets should remain in this situation. Major uncertainties include the pace of global economic recovery and the extent to which the largest economies continue their stimulus and other economic policies.