Finance

EIA drops oil price projections amid tariff war, supply increases

US agency says Brent could average $68 per barrel while demand could fall by 400,000 barrels per day

An array of pumpjacks operate near the site of a new oil and gas well being drilled Friday, 8 April 2022 in Midland, Texas.
An array of pumpjacks operate near the site of a new oil and gas well being drilled Friday, 8 April 2022 in Midland, Texas.Photo: AP/SCANPIX
North America Energy CorrespondentBaton Rouge
Published 10 April 2025, 17:29Updated 14 April 2025, 07:58
USDonald TrumpUS Energy Information AdministrationBrent CrudeOpec+