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Posted February 22, 2018Today in Energy

Tight oil remains the leading source of future U.S. crude oil production ›

EIA’s recently released Annual Energy Outlook 2018 (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the early 2040s, when it will surpass 8.2 million barrels per day (b/d) and account for nearly 70% of total U.S. production. Tight oil production made up 54% of the U.S total in 2017. More

U.S. crude oil production in five AEO2018 cases, as explained in the article text

Source: EIA, Annual Energy Outlook 2018

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Data Highlights

WTI crude oil futures price

2/21/2018: $61.68/barrel

up$1.08 from week earlier
up$7.62 from year earlier

Natural gas futures price

2/21/2018: $2.659/MMBtu

up$0.072 from week earlier
up$0.095 from year earlier

Retail gasoline price

2/19/2018: $2.557/gal

down$0.050 from week earlier
up$0.255 from year earlier

Retail diesel price

2/19/2018: $3.027/gal

down$0.036 from week earlier
up$0.455 from year earlier

Weekly coal production

2/17/2018: 15.572 million tons

up0.419 million tons from week earlier
down0.942 million tons from year earlier

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