is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist
Corn+Soybean Digest

ENERGY PRICES FORECAST TO BE DOWN IN 2004

The U.S. Energy Information Administration (EIA) has revised its long-term forecasts for natural gas and petroleum prices upward. But it still sees prices falling in 2004 vs. last year's levels, according to the Brock Report.

The EIA forecast well-head natural gas prices for the U.S. to average $3.89/thousand cu. ft. in 2004, vs. $4.98 last year.

Petroleum prices are also expected to decline in the short term, but rise in the long run. The world price of crude oil is expected to decline from an average of $27.25/barrel in 2003 to $23.84/barrel in 2004 and $23.30/barrel in 2005. Then, EIA predicts a gradual long-term rise.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish