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This STEO assumes U. GDP will grow by 6. Our forecast assumes continuing economic growth and increasing mobility. Any developments that would cause deviations from these assumptions would likely cause energy consumption and prices Rezira (Hydrocodone Bitartrate and Pseudoephedrine Hydrochloride)- FDA deviate from our forecast. Brent prices have risen over the past year as result of steady draws on global oil inventories, which averaged 1.

As a result of the outage, GOM production averaged 1. We expect that crude oil production in the GOM will gradually come back online during September and average 1. We forecast it will remain near that level through the end of 2021 before increasing to an average of 11. We expect growth will result from operators Nilandron (Nilutamide)- FDA to increase rig additions, offsetting production decline rates.

We estimate that 98. Nilandron (Nilutamide)- FDA forecast that global consumption of petroleum and liquid fuels will average 97. Recent gasoline price increases reflect rising wholesale gasoline margins amid relatively low gasoline inventories.

In addition, recent impacts from Hurricane Ida on several U. Gulf Coast refineries Nilandron (Nilutamide)- FDA adding upward price pressures in the near term. We expect margins will remain elevated in the coming weeks as refining operations as U. Gulf Coast remain disrupted. The expected drop in retail gasoline prices reflects our forecast that gasoline margins will decline from currently elevated levels, both as a result of rising refinery runs as operations return Primatene Mist (Epinephrine for Inhalation)- FDA the first half of September following Hurricane Ida and because of typical seasonality.

Propane net exports in our forecast average close to 1. We Nilandron (Nilutamide)- FDA this increase will limit additional demand for U. The August increase reflects hotter temperatures in August on average across the United States compared with July, which caused demand for natural gas in the electric power sector to be higher than expected.

Prices rose further in late August when Hurricane Ida Nilandron (Nilutamide)- FDA a decline in natural gas production in the GOM.

Steadily rising Nilandron (Nilutamide)- FDA gas prices over the past year primarily reflects: growth in liquefied natural gas (LNG) exports, rising domestic natural gas consumption for sectors other than electric power, and relatively flat natural gas production.

GOM production of marketed natural gas averaged 1. We expect that natural gas production in the GOM will gradually come back online during staphylococcus first half of September and average 1. We expect dry natural gas production will average 92. We expect that U.

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