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Posted July 25, 2017Today in Energy

U.S. crude oil production forecast expected to reach record high in 2018 ›

In EIA’s latest Short-Term Energy Outlook (STEO), total U.S. crude oil production is forecast to average 9.3 million barrels per day (b/d) in 2017, up 0.5 million b/d from 2016. In 2018, EIA expects crude oil production to reach an average of 9.9 million b/d, which would surpass the previous record of 9.6 million b/d set in 1970. More

Source: EIA, Short-Term Energy Outlook, July 2017


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Data Highlights

WTI crude oil futures price

7/24/2017: $46.34/barrels

up$0.32 from week earlier
up$2.15 from year earlier

Natural gas futures price

7/24/2017: $2.899/MMBtu

down$0.121 from week earlier
up$0.122 from year earlier

Retail gasoline price

7/24/2017: $2.312/gal

up$0.034 from week earlier
up$0.130 from year earlier

Retail diesel price

7/24/2017: $2.507/gal

up$0.016 from week earlier
up$0.128 from year earlier

Weekly coal production

7/15/2017: 15.254 million tons

up1.814 million tons from week earlier
up3.130 million tons from year earlier


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