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The EIA forecasts that Brent crude oil prices will average $61/bbl in 2015 and $67/bbl in 2016, $3 less than the agency forecast for 2016 prices in last monthâs STEO. WTI prices are expected to average $56/bbl in 2015 and $62/bbl in 2016, maintaining a $5 spread with the international crude benchmark for both years.est Texas Intermediate is expected to average $5 less than Brent for 2015-2016. The Energy Information Administration (EIA) released its Short Term Energy Outlook (STEO) for the month of May, showing prices for both Brent and West Texas Intermediate (WTI) are stronger than in the past.
Monthly average Henry Hub spot prices are forecast to remain lower than $3/MMBtu through August 2016, and to average $2.67/MMBtu in 2015 and $2.88/MMBtu in 2016, according to EIA's latest Short-Term Energy Outlook (STEO). The 2016 price forecast is down 12 cents/MMBtu from EIA's previous STEO (see Daily GPI, Nov. 10).