‹ Analysis & Projections

Short-Term Energy Outlook

Release Date: October 11, 2017  |  Next Release Date: November 7, 2017  |  Full Report    |   Text Only   |   All Tables   |   All Figures

Notable Forecast Changes

  • EIA forecasts the Brent crude oil spot price will average $54/b in 2018 and the WTI spot price will average $3.50/b less than the Brent price. In the previous STEO, EIA had forecast that the WTI price would be $2.00/b less than the Brent price in 2018. The wider spread allows for increasing crude oil exports to more varied and distant locations amid rising U.S. production. Asia, in particular, has become a growing destination for U.S. crude oil exports.
  • For more information, see the detailed STEO table of forecast changes.

    Table: Changes in Forecast from Last Month

    Forecast Change Tables (PDF)

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