A look back at our forecast for global crude oil prices in 2024
Benchmark Brent crude oil prices averaged $81 per barrel (b) in 2024, in line with the $82/b for the year that we had forecast in our January 2024 Short-Term Energy Outlook (STEO) and more in-depth analysis. In the January 2024 STEO, we forecast that markets would be relatively balanced in 2024, changing little from the 2023 average Brent price of $82/b. On an annual basis, our forecast for balanced markets was relatively accurate, as global inventories showed only a slight drawdown of 0.18 million barrels per day in 2024.
What did Yellowstone look like before it became Wonderland?
Yellowstone Caldera Chronicles is a weekly column written by scientists and collaborators of the Yellowstone Volcano Observatory. This week's contribution is from Michael Poland, geophysicist with the U.S. Geological Survey and Scientist-in-Charge of the Yellowstone Volcano Observatory. The Yellowstone region today is Wonderland. It is full of spectacular geysers and colorful hot springs, home to lakes and meadows and mountains and valleys, and covered by both forests and grasslands. What we see today is a result of volcanic activity that has shaped the landscape over the past 2 million years. But what did Yellowstone look like before volcanic activity blew