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Brent crude oil prices will average $41.42 per barrel in 2020 and $49.53 per barrel in 2021, according to the most recent forecast from the US Energy Information Administration. The supply of North American gas production represented over 28% of total gas supply in 2019, and production in the region increases 1.5% annually through 2025 according to our forecast. ... Middle East production is expected to reach almost 790 bcm in 2025, increasing at an annual average of 2.4% for the next five years.
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