U.S. Energy Information Administration - EIA - Independent Statistics and Analysis
‹ Analysis & Projections
Short-Term Energy Outlook
Notable Forecast Changes
- U.S. crude oil production is forecast to average 9.9 million b/d in 2018, which is 0.1 million b/d below last month's forecast. The lower crude oil production forecast for 2018 reflects lower forecast crude oil prices compared with last month's STEO.
- EIA forecasts Brent crude oil prices to average $51/b in 2017 and $52/b in 2018. These prices are $2/b and $4/b lower, respectively, than forecast in last month's STEO.
- For more information, see the detailed table of forecast changes.