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Posted January 18, 2018Today in Energy

EIA expects total U.S. fossil fuel production to reach record levels in 2018 and 2019 ›

In its January 2018 Short-Term Energy Outlook (STEO), EIA forecasts that total fossil fuels production in the United States will average almost 73 quadrillion British thermal units (Btu) in 2018, the highest level of production on record. EIA expects total fossil fuel production to then set another record in 2019, with production forecast to rise to 75 quadrillion Btu. More

graph of U.S. total fossil fuel production, as explained in the article text

Source: EIA, Monthly Energy Review and Short-Term Energy Outlook

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WTI crude oil futures price

1/17/2018: $63.97/barrel

up$0.40 from week earlier
up$11.49 from year earlier

Natural gas futures price

1/17/2018: $3.232/MMBtu

up$0.326 from week earlier
down$0.180 from year earlier

Weekly coal production

1/13/2018: 13.472 million tons

up1.407 million tons from week earlier
down1.990 million tons from year earlier

Natural gas inventories

1/12/2018: 2,584 Bcf

down183 Bcf from week earlier
down368 Bcf from year earlier

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1/12/2018: 412.7 million barrels

down6.9 million barrels from week earlier
down72.8 million barrels from year earlier

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