Posted November 18, 2021Today in Energy

EIA forecasts crude oil prices will decline during 2022 ›

Since the third quarter of 2020, global consumption of crude oil and petroleum products has increased faster than production, which has caused lower inventory levels and higher crude oil prices. In our November Short-Term Energy Outlook (STEO), we forecast that rising production from OPEC+ countries and the United States will lead to global liquid fuels inventories increasing and crude oil prices falling in 2022. More ›

Source: U.S. Energy Information Administration, Natural Gas Pipeline Projects Tracker

Data Highlights

WTI crude oil futures price

11/17/2021: $78.36/barrel

down$2.98 from week earlier
up$36.93 from year earlier

Natural gas futures price

11/17/2021: $4.816/MMBtu

down$0.064 from week earlier
up$2.124 from year earlier

Weekly coal production

11/13/2021: 11.639 million tons

up0.081 million tons from week earlier
up1.327 million tons from year earlier

Natural gas inventories

11/12/2021: 3,644 Bcf

up26 Bcf from week earlier
down310 Bcf from year earlier

Crude oil inventories

11/12/2021: 433.0 million barrels

down2.1 million barrels from week earlier
down56.5 million barrels from year earlier

Features

Hourly Electric Grid Monitor
Hourly actual and forecast electricity generation and demand by U.S. region and power authority

Annual Energy Outlook 2021
Exploring the long-term impact of COVID-19 on the U.S. energy mix through 2050

U.S. Energy Atlas
A new interface for web map applications featuring a comprehensive data catalogue and interactive maps of energy infrastructure and resources