‹ Analysis & Projections

Short-Term Energy Outlook

Release Date: November 7, 2017  |  Next Release Date: December 12, 2017  |  Full Report    |   Text Only   |   All Tables   |   All Figures

Notable Forecast Changes

  • EIA expects West Texas Intermediate crude oil prices to average almost $5/b lower than Brent prices in 2018. Previously EIA had expected that spread to be almost $4/b. The wider spread reflects the assumption of increasing near-term constraints in moving light sweet crude oil from Cushing, Oklahoma, to the U.S. Gulf Coast, where it can compete with globally traded crude oil.
  • For more information, see the detailed STEO table of forecast changes.
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    Table: Changes in Forecast from Last Month


    Forecast Change Tables (PDF)

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