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Posted June 17, 2022Today in Energy

EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023 ›

In our June 2022 Short-Term Energy Outlook (STEO), we forecast that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. We forecast that petroleum production in the combined non-OPEC countries, excluding the Unites States and Russia, will increase by 3% (0.9 million barrels per day [b/d]) in 2022 and by 2% (0.8 million b/d) in 2023, compared with an increase of less than 1% (0.2 million b/d) in 2021. More ›

global petroleum liquids production

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO)

Data Highlights

WTI crude oil futures price

6/16/2022: $117.59/barrel

down$3.92 from week earlier
up$45.44 from year earlier

Natural gas futures price

6/16/2022: $7.464/MMBtu

down$1.499 from week earlier
up$4.213 from year earlier

Weekly coal production

6/11/2022: 11.406 million tons

up0.168 million tons from week earlier
down0.288 million tons from year earlier

Natural gas inventories

6/10/2022: 2,095 Bcf

up92 Bcf from week earlier
down330 Bcf from year earlier

Crude oil inventories

6/10/2022: 418.7 million barrels

up2.0 million barrels from week earlier
down48.0 million barrels from year earlier

Features

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