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Estimated domestic crude oil production in EIA’s Weekly Petroleum Status Report (WPSR)

January 29, 2018

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EIA’s propane market indicators and measures of supply adequacy

January 10, 2018

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Forecasting U.S. Crude Oil Production

November 16, 2017

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EIA expects Brent crude prices will average $71 per barrel in 2018, $68 per barrel in 2019

monthly crude oil spot prices, as explained in the article text
Source: U.S. Energy Information Administration, Short-Term Energy Outlook

In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $68/b in 2019. The updated 2019 forecast price is $2/b higher than in the May STEO. Brent crude oil spot prices averaged $77/b in May, an increase of $5/b from April and the highest monthly average price since November 2014. West Texas Intermediate (WTI) prices are forecast to average almost $7/b lower than Brent prices in 2018 and $6/b lower in 2019.

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