The U.S. Energy Information Administration lifted its forecasts for this year’s U.S. and global benchmark oil prices, according to a monthly report released Tuesday.
The EIA forecast this year’s West Texas Intermediate crude prices at an average $61.85 a barrel, up 5% from the May forecast. Brent crude is expected to average $65.19 this year, up 4.7% from the previous forecasts.
Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.