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In its most recent Short-Term Energy Outlook, the US Energy Information Administration forecasts Brent and West Texas Intermediate crude oil spot prices in 2020 will average $62/bbl and $58/bbl, respectively. Both prices are $3/bbl lower than EIA’s STEO from January. The lower price reflects the expectation of looser global oil market balances in 2020 compared with last month’s outlook.

Karen A. Harbert, who has led the US Chamber of Commerce’s energy program for the past decade, will become the American Gas Association’s next president on Apr. 1. She will succeed David K. McCurdy, who plans to retire on Feb. 28. Harbert will be the first woman to lead AGA’s staff.

In 2018, publicly traded US oil and gas exploration and production companies issued the lowest amount of new funding since at least 2013, raising $14 billion in debt and $2 billion from public equity markets, according to an analysis by the US Energy Information Administration.

US gross greenhouse gas (GHG) emissions totaling 6,472 million tonnes of carbon dioxide equivalent (tCO2e) in 2017 came in 21.1 million tCO2e, or 0.3% less, than 2016’s 6,493 million tCO2e, the US Environmental Protection Agency reported.

Brent crude for April delivery rose by nearly $1/bbl on the London market Feb. 12 following a report that the Organization of Petroleum Exporting Countries reduced oil production in January by 797,000 b/d compared with December 2018.


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