#steo — Public Fediverse posts

https://www.europesays.com/iran/194854/ EIA boosts oil production forecast after Strait of Hormuz reopening #BrentCrude #CrudeOilForecast #EIA #EnergyInformationAdministration #GasolinePrices #GlobalOilProduction #GlobalOilSupply #HenryHub #Hormuz #JulySTEO #LNGExports #NaturalGas #OilPrices #ShortTerm EnergyOutlook #STEO #StraitOfHormuz #USCrudeOilProduction #WorldOil

#EnergyOutlook:

#Brent crude forecast cut to $78/b for 2025 amid slowing global demand, while propane prices are set to drop 15% and diesel down 5%. #NaturalGas prices expected to rise to $3.10/MMBtu due to increased #LNG exports. U.S. #Electricity demand grew 3% in 2024 from higher summer temps, with more growth expected in 2025.

#Energy #Oil #Gas #STEO #EIA

#EnergyOutlook:

#Brent crude forecast cut to $78/b for 2025 amid slowing global demand, while propane prices are set to drop 15% and diesel down 5%. #NaturalGas prices expected to rise to $3.10/MMBtu due to increased #LNG exports. U.S. #Electricity demand grew 3% in 2024 from higher summer temps, with more growth expected in 2025.

#Energy #Oil #Gas #STEO #EIA

#EnergyOutlook:

#Brent crude forecast cut to $78/b for 2025 amid slowing global demand, while propane prices are set to drop 15% and diesel down 5%. #NaturalGas prices expected to rise to $3.10/MMBtu due to increased #LNG exports. U.S. #Electricity demand grew 3% in 2024 from higher summer temps, with more growth expected in 2025.

#Energy #Oil #Gas #STEO #EIA

#EnergyOutlook:

#Brent crude forecast cut to $78/b for 2025 amid slowing global demand, while propane prices are set to drop 15% and diesel down 5%. #NaturalGas prices expected to rise to $3.10/MMBtu due to increased #LNG exports. U.S. #Electricity demand grew 3% in 2024 from higher summer temps, with more growth expected in 2025.

#Energy #Oil #Gas #STEO #EIA

#US #EIA #STEO Report:
#Brent crude #oil spot #price will average $84/bbl in the first half of 2024, up from $78/bbl in December, partly due to #OPEC+ cuts.

#US #EIA #STEO Report:
Total US #oil consumption will increase by 100,000 #barrels to 20.1 million barrels/day in 2023, unchanged from the previous forecast. Total US oil consumption is expected to increase by 300,000 barrels to 20.4 million barrels/day in 2024, (unchanged)

#US #EIA #STEO Report:
US #crude #oil production will increase by 1.02 million barrels to 12.93 million barrels/day in 2023, compared with a previously forecast increase of 990,000 barrels/day. 2024 US #NGAS consumption at 89.62 bcfd, above its November forecast of 89.00 bcfd.

#US #EIA #STEO Report:
US #crude #oil production will increase by 1.02 million barrels to 12.93 million barrels/day in 2023, compared with a previously forecast increase of 990,000 barrels/day. 2024 US #NGAS consumption at 89.62 bcfd, above its November forecast of 89.00 bcfd.

#US #EIA #STEO Report:
2023 world #oil demand growth forecast lowered by 30,000 barrels/day, now sees an annual increase of 1.85 million barrels/day. 2024 world oil #demand growth forecast lowered by 60,000 barrels/day, now sees an annual increase of 1.34 million #barrels.

#US #EIA #STEO Report:
2023 #Crude #Oil production is estimated at 12.93 million b/d against 12.9 million b/d. Production is expected to increase at an average annual rate of 180,000 b/d in 2024, compared to the previous forecast of 250,000 b/d.

#US #EIA #STEO Report:
In 2024, US #crude #oil production is expected to be 13.11 million b/d, compared to 13.15 million b/d projected in November.