- global consumption will climb to a record
2012:
- 2012: WTI average: $94.12
- 2013est: WTI average -- $89.54/bbl (up 1.3 percent from last month's forecast)
- Brent, 2013est: $105.17/bbl average (up 1.4 percent from last month's forecast)
- 2014est: WTI to $91/bbl
- 2014est: Brent will slip to $99.25
- 2013est: Brent-WTI spread -- $16/bbl (rounded)
- 2014est: Brent-WTI spread -- $8/bbl (rounded)
- 2012: 89.17 million bbls
- 2013est: 90.11 million bbls
- 2014est: 91.46 million bbls