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Short-term outlook for fuel
10/13/2015 0:00
Translation - Khalid Qasim
«imagine the US Energy Information Administration» that the American family expenses rate on natural gas, heating oil and propane during the current season (from October 1 to March 31) will decline compared with last winter, because of falling fuel prices and reduced demand for heating . Contributes to reduced demand for heating and the prices are relatively fixed in electricity expenses declined by 3 percent compared with last winter. The average price of a barrel of Brent to $ 48 in September, an increase of one dollar for the month of August. High volatility continued in September, in general, the administration expects that the price of Brent crude would be at the rate of $ 54 a barrel this year and $ 59 a barrel next year. While expects an average price of WTI $ 4 less than Brent in the current year and less than $ 5 in the next year.
Price of a gallon of gasoline the US rate of monthly normal 2.37 dollars a gallon reached in September, a decline of 27 cents a gallon for the month of August and $ 1.04 a gallon for September 2014. Management expects monthly decline in gasoline prices at $ 2.03 a gallon in December next. While the administration expects to reach the average price of gasoline for the average American single to $ 2.38 a gallon in the next year. Management expects that the total US production of crude oil has dropped by 120 000 barrels per day in September compared with August. While expecting the decline in crude oil production until the middle of next year before its re-growth at the end of the same year. US crude oil is expected production rate of 9.2 million barrels per day in the current year, and 8.9 million barrels per day next year.
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