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STEO (Short-Term Energy Outlook)

March 21, 2024

EIA increases oil price forecast following OPEC+ production cut extension


March 14, 2024

Four countries could account for most near-term petroleum liquids supply growth


February 12, 2024

What is the outlook for the natural gas spot price in 2024 and 2025?


January 29, 2024

U.S. coal exports account for larger share of a shrinking market


January 24, 2024

U.S. monthly dry natural gas production set a new record in December 2023


January 18, 2024

In most U.S. regions, 2024 wholesale electricity prices will be similar to 2023


January 17, 2024

EIA expects average U.S. gasoline and diesel prices to decrease in 2024 and 2025


January 16, 2024

Solar and wind to lead growth of U.S. power generation for the next two years


January 11, 2024

We expect Henry Hub natural gas spot price to average under $3.00/MMBtu in 2024 and 2025


January 10, 2024

EIA expects relatively flat crude oil prices in 2024 and 2025


January 9, 2024

We expect solar will supply almost all growth in U.S. electricity generation through 2025


December 13, 2023

Japanese refineries close as the country's petroleum consumption falls


November 28, 2023

Lower CO2 emissions are partially due to shifts in power generation sources


November 7, 2023

EIA expects U.S. annual solar electricity generation to surpass hydropower in 2024


October 26, 2023

EIA forecasts winter U.S. household expenditures higher on fuel oil and lower on propane


October 19, 2023

Average U.S. natural gas bills expected to decrease this winter


October 12, 2023

EIA expects most U.S. households will spend less on energy this winter


July 31, 2023

Natural gas deliveries to U.S. LNG export facilities set a record in first-half 2023


July 19, 2023

EIA forecasts crude oil prices will increase through 2024 as demand rises above supply


June 8, 2023

Increased U.S. renewable and natural gas generation likely to reduce summer coal demand


June 7, 2023

U.S. electricity generation from natural gas was highest on record this past winter


May 22, 2023

EIA expects lower crude oil prices for the second half of 2023 and for 2024


April 19, 2023

Forecast retail gasoline prices for summer 2023 will be lower than last summer


April 5, 2023

Product Highlight: EIA’s Short-Term Energy Outlook


March 8, 2023

Liquefied natural gas will continue to lead growth in U.S. natural gas exports


February 15, 2023

The Henry Hub natural gas spot price declined 41% in January


February 13, 2023

EIA forecasts U.S. refinery utilization to average more than 90% in 2023 and 2024


January 25, 2023

U.S. crude oil production will increase to new records in 2023 and 2024


January 19, 2023

Increasing renewables likely to reduce coal and natural gas generation over next two years


January 18, 2023

EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024


January 12, 2023

EIA expects U.S. gasoline and diesel retail prices to decline in 2023 and 2024


January 11, 2023

Crude oil prices forecast to decline beginning in the second half of 2023


December 12, 2022

Natural gas consumption in the industrial sector has grown slowly in recent years


December 9, 2022

U.S. dry natural gas production set monthly records in 2022; we forecast an annual record


November 9, 2022

EIA now expects U.S. natural gas prices to average above $6.00/MMBtu this winter


October 20, 2022

Households primarily heating with heating oil or propane will likely pay more this winter


October 17, 2022

U.S. natural gas bills will increase in all regions this winter


October 13, 2022

EIA expects most U.S. households will spend more on energy this winter


October 12, 2022

U.S. natural gas production set a new record in 2021


September 16, 2022

EIA forecasts East Coast gasoline inventories will build by the end of 2022


September 14, 2022

EIA forecasts record U.S. natural gas consumption in 2022


September 7, 2022

OPEC oil export revenues forecast to increase in 2022 but decline in 2023


August 31, 2022

EIA expects U.S. ethane production to grow by 9% in the second half of 2022


August 17, 2022

EIA expects production of global liquid fuels to outpace consumption in 2022


August 16, 2022

EIA expects renewables to account for 22% of U.S. electricity generation in 2022


July 19, 2022

U.S. natural gas supply and demand balance shifts amid outage at Freeport LNG


June 21, 2022

EIA expects nine new Gulf of Mexico natural gas and crude oil fields to start in 2022


June 17, 2022

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


June 16, 2022

EIA expects significant increases in wholesale electricity prices this summer


June 10, 2022

EIA expects high refinery margins to contribute to increasing fuel production this summer


June 9, 2022

EIA expects U.S. natural gas prices to remain high through 2022


May 19, 2022

EIA expects solar and wind to be larger sources of U.S. electricity generation this summer


April 20, 2022

Liquefied natural gas exports continue to lead growth in U.S. natural gas exports


March 16, 2022

EIA expects crude oil prices higher than $100 per barrel in coming months


February 28, 2022

EIA adds new forecasts of renewable diesel and other biofuels to Short-Term Energy Outlook


February 17, 2022

U.S. marketed natural gas production forecast to rise in 2022 and 2023


February 16, 2022

U.S. crude oil production forecast to rise in 2022 and 2023 to record-high levels


January 21, 2022

EIA expects U.S. fossil fuel production to reach new highs in 2023


January 18, 2022

New renewable power plants are reducing U.S. electricity generation from natural gas


January 14, 2022

EIA forecasts natural gas prices to remain near $4/MMBtu in 2022, slightly lower in 2023


January 13, 2022

EIA expects gasoline and diesel prices to fall in 2022 and 2023 as demand growth slows


January 12, 2022

EIA forecasts crude oil prices will fall in 2022 and 2023


December 21, 2021

Annual U.S. coal-fired electricity generation will increase for the first time since 2014


November 18, 2021

EIA forecasts crude oil prices will decline during 2022


October 18, 2021

Annual U.S. coal-fired electricity generation will increase for the first time since 2014


October 14, 2021

U.S. natural gas prices likely to remain elevated through the winter


October 13, 2021

EIA expects U.S. households to spend more on energy this winter


September 23, 2021

EIA expects U.S. hydropower generation to decline 14% in 2021 amid drought


September 16, 2021

Hurricane Ida disrupted crude oil production and refining activity


August 18, 2021

OPEC petroleum production forecast revised down for 2021


August 12, 2021

Iran’s crude oil production fell to an almost 40-year low in 2020


August 11, 2021

EIA expects U.S. natural gas inventories to enter winter heating season below average


August 2, 2021

OPEC+ agrees to crude oil production increases, but Brent crude oil prices remain high


July 15, 2021

Brent crude oil price forecast to average $72 per barrel in the second half of 2021


June 15, 2021

Growing global production limits crude oil price increases in the most recent forecast


May 26, 2021

EIA lowers its forecast of India’s oil demand because of rising COVID-19 cases


May 25, 2021

EIA expects more electricity consumption this summer as economy recovers from pandemic


May 12, 2021

EIA forecasts less natural gas-fired electricity generation this summer


April 20, 2021

EIA expects U.S. natural gas consumption to continue decreasing in 2021 and 2022


April 9, 2021

More gasoline expected to be consumed this summer than last, but not more than in 2019


February 17, 2021

EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022


January 29, 2021

EIA estimates that global petroleum liquids consumption dropped 9% in 2020


January 26, 2021

After 2020 decline, EIA expects energy-related CO2 emissions to increase in 2021 and 2022


January 13, 2021

EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022


December 22, 2020

EIA’s Short-Term Energy Outlook is the source for EIA’s latest analysis of energy markets


December 16, 2020

U.S. liquefied natural gas exports set a record in November


November 12, 2020

2020 could be a record year for U.S. wind turbine installations


August 11, 2020

U.S. liquefied natural gas exports remain at low levels this summer


July 20, 2020

EIA forecasts U.S. petroleum demand will remain below 2019 levels for several more months


June 23, 2020

U.S. liquefied natural gas exports have declined by more than half so far in 2020


June 10, 2020

EIA expects 2020 summer U.S. electricity demand to be lowest since 2009


May 26, 2020

EIA forecasts lower U.S. natural gas consumption in 2020


May 15, 2020

EIA expects lower natural gas production in 2020


May 14, 2020

EIA forecasts U.S. crude oil production to fall in 2020 and 2021


May 13, 2020

EIA expects energy-related carbon dioxide emissions to fall 11% this year


April 8, 2020

EIA’s Short-Term Energy Outlook is the source for EIA’s latest analysis of energy markets


March 4, 2020

Less petroleum and other liquids consumed in the U.S. is coming from refineries


February 24, 2020

EIA forecasts natural gas inventories will reach record levels later this year


January 23, 2020

EIA expects U.S. net natural gas exports to almost double by 2021


January 21, 2020

EIA forecasts crude oil prices will fall in the first half of 2020, then rise through 2021


January 17, 2020

EIA expects U.S. energy-related CO2 emissions to decrease annually through 2021


January 16, 2020

EIA forecasts slower growth in natural gas-fired generation while renewable energy rises


January 15, 2020

EIA expects lower natural gas prices in 2020 as production outpaces demand


December 17, 2019

EIA Product Highlight: STEO regional electricity generation and wholesale price forecasts


November 21, 2019

EIA increases U.S. crude oil production forecast for 2019 and 2020


October 8, 2019

Winter energy bills in the United States likely to be lower than last year’s


September 17, 2019

Natural gas and wind forecast to be fastest growing sources of U.S. electricity generation


September 12, 2019

U.S. natural gas production reaches a new record despite low prices


August 8, 2019

Rising corn prices and oversupply push ethanol operating margins to multiyear lows


August 7, 2019

EIA introduces short-term forecasts for wholesale electricity prices


July 18, 2019

Summer natural gas prices on track to be the lowest in more than 20 years


July 11, 2019

Lower anticipated global economic growth reduces expectations for 2019 global oil demand


May 2, 2019

United States has been a net exporter of natural gas for more than 12 consecutive months


April 17, 2019

Summer 2019 gasoline prices forecast to be lower than last summer


April 2, 2019

U.S. refinery runs hit fifth consecutive annual record high in 2018


March 1, 2019

EIA expects stable U.S. biofuels production, consumption, and trade through 2020


February 21, 2019

New methanol plants expected to increase industrial natural gas use through 2020


January 18, 2019

EIA forecasts renewables will be fastest growing source of electricity generation


January 17, 2019

EIA expects relatively flat natural gas prices, continued record production through 2020


January 16, 2019

EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020


January 15, 2019

Changes in marine fuel sulfur limits will put temporary upward pressure on diesel margins


November 27, 2018

High gasoline inventories help drive U.S. refining margins to five-year lows


October 12, 2018

Natural gas storage likely to enter winter at lowest levels since 2005


October 10, 2018

U.S. home heating bills likely to be slightly higher this winter


August 13, 2018

U.S. refineries running at near-record highs


July 26, 2018

EIA’s Short-Term Energy Outlook adds natural gas and hydrocarbon gas liquids charts


July 11, 2018

Natural gas-fired electricity generation this summer expected to be near record high


June 27, 2018

EIA expects 2018 gasoline prices have peaked


May 10, 2018

EIA raises crude oil, gasoline price forecasts for 2018


April 12, 2018

Summer gasoline prices expected to be highest in four years


March 6, 2018

Positive U.S. ethanol margins are driving ethanol production growth


January 25, 2018

EIA expects 2018 and 2019 natural gas prices to remain relatively flat


January 22, 2018

EIA forecasts natural gas to remain primary energy source for electricity generation


October 16, 2017

U.S. crude oil production expected to increase through end of 2017, setting up record 2018


October 12, 2017

Energy-related carbon dioxide emissions expected to fall in 2017 but rise in 2018


October 11, 2017

Winter heating costs likely to be higher this winter than last winter


September 25, 2017

Residential electricity prices up 3% in first half of 2017


August 9, 2017

United States expected to become a net exporter of natural gas this year


July 21, 2017

U.S. fuel ethanol production continues to grow in 2017


July 17, 2017

Retail price of regular gasoline forecast to average $2.38 per gallon this summer


July 13, 2017

Brent and WTI crude oil prices expected to average about $50 per barrel through 2018


July 11, 2017

EIA adds small-scale solar photovoltaic forecasts to its monthly Short-Term Energy Outlook


June 15, 2017

Global oil markets expected to tighten in third quarter 2017, then loosen through 2018


April 18, 2017

EIA expects natural gas to be largest source of U.S. electricity generation this summer


January 30, 2017

Natural gas-fired generating capacity likely to increase over next two years


January 25, 2017

Global crude oil balances expected to tighten through 2018


January 23, 2017

Natural gas prices in 2017 and 2018 are expected to be higher than last year


January 12, 2017

Crude oil prices expected to increase slightly through 2017 and 2018


December 13, 2016

EIA forecasts continued biomass-based diesel growth due to final 2017 RFS targets


November 15, 2016

U.S. oil drilling increasingly focused in Permian Basin


October 24, 2016

Short positions in U.S. crude oil futures held by producers, merchants at nine-year high


October 13, 2016

Winter heating bills likely to increase, but still remain below recent winters


August 1, 2016

New EIA website spotlights key drivers of petroleum product prices


July 26, 2016

Increased drilling may slow pace of crude oil production declines


July 13, 2016

Retail price of regular gasoline forecast to average $2.25 per gallon this summer


May 27, 2016

U.S. retail gasoline prices lowest since 2009 ahead of Memorial Day weekend


April 20, 2016

Expected decrease in Lower 48 oil production is partially offset by rising GOM output


April 1, 2016

Ethane production expected to increase as petrochemical consumption and exports expand


March 29, 2016

U.S. production of hydrocarbon gas liquids expected to increase through 2017


February 2, 2016

Electricity generation from renewable sources expected to grow 9% this year


January 15, 2016

Warmer weather, lower energy prices are reducing home heating expenditures


January 13, 2016

Crude oil prices to remain relatively low through 2016 and 2017


October 6, 2015

Household heating costs are expected to be lower than previous two winters


September 21, 2015

U.S. propane inventories are at an all-time high


August 19, 2015

EIA lowers crude oil price forecast through 2016


July 14, 2015

Summer gasoline prices are lowest in years


May 22, 2015

U.S. retail gasoline prices lowest since 2009 heading into Memorial Day weekend


May 14, 2015

Power generation from coal and natural gas expected to temporarily converge this spring


April 10, 2015

U.S. household gasoline expenditures expected to fall in 2015


April 8, 2015

Summer gasoline prices to be down more than $1 from last summer


January 26, 2015

Lower 48 oil production outlook stable despite expected near-term reduction in rig count


January 14, 2015

Market expectations of oil price uncertainty have increased in recent months


November 26, 2014

U.S. gasoline prices this Thanksgiving are the lowest since 2009


November 7, 2014

After record injections, natural gas storage levels now within 7% of 5-year average


October 30, 2014

Colder weather drives forecast of 2014 energy-related CO2 emissions 1.1% above 2013 level


October 7, 2014

Less severe weather means lower expected household heating bills this winter


September 10, 2014

EIA's forecast of 2014 gasoline use has risen 2 billion gallons (1.6%) in past 10 months


August 21, 2014

Average Brent crude oil prices trade within $5 per barrel range for 13 months in a row


June 4, 2014

NOAA predicts relatively quiet Atlantic hurricane season


April 9, 2014

Summer average gasoline price expected to be close to last year's level


March 13, 2014

EIA projects record natural gas storage injection in 2014 to boost stocks from 11-year low


February 12, 2014

EIA releases assessment of short-term uncertainties for global oil supply


January 13, 2014

U.S. energy-related CO2 emissions in 2013 expected to be 2% higher than in 2012


October 8, 2013

Heating costs for most households are forecast to rise from last winter’s level


September 4, 2013

Trends in natural gas storage capacity utilization vary by region


August 9, 2013

China poised to become the world’s largest net oil importer later this year


June 20, 2013

Industrial sector natural gas use rising


April 10, 2013

Average summer gasoline prices expected to be slightly lower than in 2012


December 20, 2012

U.S. could become the world’s top liquid fuels producer, but how much does it matter?


December 3, 2012

EIA projects little change in U.S. coal production in 2013


October 23, 2012

U.S. coal exports on record pace in 2012, fueled by steam coal growth


October 10, 2012

U.S. households forecast to use more heating fuels this winter compared with last winter


August 9, 2012

Average spot natural gas prices declined during the first half of 2012


April 26, 2012

U.S. summer gasoline demand expected to be at 11-year low


March 29, 2012

EIA projects lower coal use by U.S. power sector in 2012


March 8, 2012

U.S. household winter natural gas heating expenditures expected to be lowest since 2002-03


February 27, 2012

Eastern U.S. coal futures prices down in early 2012


February 13, 2012

U.S. coal production rises slightly in 2011 amid lower domestic demand and higher exports


February 9, 2012

U.S. natural gas inventories at end of winter heating season expected highest since 1983


November 14, 2011

Strong finish to 2011 natural gas storage injection season on Oct. 31


October 25, 2011

High heating oil prices discourage heating oil supply contracts for the upcoming winter


October 12, 2011

EIA projects record winter household heating oil prices in the Northeast


July 14, 2011

Colombia's oil production at highest level since 1999