SHORT-TERM ENERGY OUTLOOK

Brent crude oil spot prices averaged $64 per barrel (b) in February, up $5/b from January 2019 and about $1/b lower than at the same time last year. EIA forecasts Brent spot prices will average $63/b in 2019 and $62/b in 2020, compared with an average of $71/b in 2018. EIA expects that West Texas Intermediate (WTI) crude oil prices will average $9/b lower than Brent prices in the first half of 2019 before the discount gradually falls to $4/b in the fourth quarter of 2019 and throughout 2020.

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Crude Oil
Oil
Oil Transportation
Producing Outlook
RtChex
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EIA’s new liquids pipeline projects database shows new U.S. crude oil pipeline capacity

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The United States is now the largest global crude oil producer

EIA forecasts mostly flat crude oil prices and increasing global production through 2019

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API: July US petroleum demand up 3.8% month-on-month

API: US petroleum demand recovered 14% between April and May

Motor gasoline accounted for almost half of U.S. petroleum consumption in 2019

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U.S. oil and natural gas proved reserves and production set new records in 2018

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

The United States now exports crude oil to more destinations than it imports from

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

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