Displaying items by tag: EIA

Rising oil prices affect the salvadoran economy because it depends on crude oil imports and the ups and downs of the international market, which also causes food prices to rise.

Average annual crude oil prices in 2024 and 2025 will remain near their 2023 average, according to the U.S. Energy Information Agency (EIA). Global supply and demand for petroleum liquids are expected to be relatively balanced over the next two years.