As Crude Inventories Rise, EIA Forecasts Brent Oil Price Fall

As Crude Inventories Rise, EIA Forecasts Brent Oil Price Fall


Resembling a debit and credit scenario, the oil and gas industry sees an increase and decrease. While crude inventories ascended by 11.9 barrels as of November 3rd, the U.S. Energy Information Administration (EIA) released the 2024 forecasts in its recent short-term outlook (STEO), now down nearly $2 per barrel from…

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Author Profile
Freelance Writer and Photographer

Nick Vaccaro is a freelance writer and photographer. In addition to providing technical writing services, he is an HSE consultant in the oil and gas industry with twelve years of experience. Vaccaro also contributes to SHALE Oil and Gas Business Magazine, American Oil and Gas Investor, Oil and Gas Investor, Energies Magazine and Louisiana Sportsman Magazine. He has a BA in photojournalism from Loyola University and resides in the New Orleans area. Vaccaro can be reached at 985-966-0957 or

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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