Tag: amid

Official

EIA forecasts lower oil price in 2025 amid significant market uncertainties

We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in 2024 to $74/b in 2025 and $66/b in 2026, as strong global growth in production of petroleum and other liquids and slower demand growth put downward pressure on prices and help offset heightened geopolitical risks and voluntary production restraint from OPEC+ members. This forecast was completed before the United States issued additional sanctions targeting Russia's oil sector on January 10, which have the potential to reduce Russia's oil exports to the global market.
Perspective: California’s Coastal Challenges Amid Climate Change
Official

Perspective: California’s Coastal Challenges Amid Climate Change

Maintaining coastal sustainability will require a unified, whole-of-society response. The report calls on research institutions, urban planners, policy makers, and community organizations to come together to address threats like habitat loss, saltwater intrusion, and risks to infrastructure. The authors hope to foster collaboration on innovative policies for coastal development, conservation strategies, and risk management. To ensure California’s coastal zones remain viable, the report encourages community-level action and policy reforms that address these challenges head-on. This includes expanding research into how ecosystems respond to stressors, identifying sustainable land-use practices, and implementing protective measures that build climate resilience. Although the challenges may