Sign up for email subcriptions to receive messages about specific EIA products. Oil Price Fundamental Daily Forecast – Light Volume Caps Gains, but Supported by EIA Draw, Brexit Hopes. ... EIA forecast a … Financial market analysis and financial data for major energy companies. Forecast coal production rises to 624 MMst in 2021, a 20% increase from 2020 levels. U.S. Brent prices increased in November in part because of news about the viability of multiple COVID-19 vaccines, along with market expectations that the Organization of the Petroleum Exporting Countries (OPEC) and partner countries (OPEC+) would delay or limit production increases planned for January 2021. In 2021, the Brent spot price is expected to average $47.07 per barrel and the WTI spot price to average $44.72 per barrel. Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. The nuclear share of U.S. generation remains close to 20% through the forecast period. All Figures, Electricity, coal, renewables, and emissions, Provides custom data views of historical and forecast data Price trend by month. Subscribe to feeds for updates on EIA products including Today in Energy and What's New. EIA expects that total U.S. consumption of natural gas will average 83.4 billion cubic feet per day (Bcf/d) in 2020, down 2.0% from 2019. All Tables   |   The reason for the downward adjustment to price realizations is the deceleration in the degree of recovery in oil consumption amid a spike in infections. The forecast for higher crude oil prices next year reflects EIA's expectation that while inventories will remain high, they will decline with rising global oil demand and restrained OPEC+ oil production. Short, timely articles with graphics on energy, facts, issues, and trends. Electricity generation from renewable energy sources rises from 18% in 2019 to 20% in 2020 and to 21% in 2021. EIA now forecasts OPEC crude oil production will average 25.7 million b/d in the first quarter of 2021, which is 1.7 million b/d lower than forecast in the November STEO and reflects the announced changes to OPEC+ targets and more effective assumed compliance with targets. Energy & Financial Markets: What Drives Crude Oil Prices? “EIA forecasts Brent prices will average $47 per barrel in the first quarter of 2021 and rise to an average of $50 per barrel by the fourth quarter. "Oil and other financial markets reached all-time high levels of volatility in March," the EIA said. Looking ahead to 2021, the EIA reduced its price predictions in its latest forecast.   |   It expects 2021 prices to … On an annual average basis, EIA expects U.S. crude oil production to fall from 12.2 million b/d in 2019 to 11.3 million b/d in 2020 and 11.1 million b/d in 2021. Oil Price Fundamental Daily Forecast – Prices Hit 9-Month High on EIA Draw, Vaccine Rollout, Fiscal Stimulus The price action indicates investors are … EIA forecasts industrial consumption will average 22.5 Bcf/d in 2020 (down 0.5 Bcf/d from 2019) as a result of reduced manufacturing activity. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. EIA expects the U.S. electric power sector will add 23.0 gigawatts (GW) of new wind capacity in 2020 and 9.5 GW of new capacity in 2021. Crude oil predictions and projections. Uranium fuel, nuclear reactors, generation, spent fuel. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. Energy-Related Carbon Dioxide Emissions, Energy-Related Carbon Dioxide Emissions at the State Level, 2005-2016, Energy-Related Carbon Dioxide Emissions at the State Level, through 2017, U.S. Oil and Natural Gas Wells by Production Rate, Monthly Crude Oil and Natural Gas Production ›, Midwest and Rocky Mountain Transportation Fuels Markets, East Coast and Gulf Coast Transportation Fuels Markets, Macroeconomics and Carbon Dioxide Emissions. The EIA cut its 2020 West Texas Intermediate crude price forecast to $38.76 a barrel, down 0.6% from the September forecast. International energy information, including overviews, rankings, data, and analyses. EIA estimates that inventories fell by 20 billion cubic feet (Bcf) in November, compared with a five-year average November withdrawal of 103 Bcf and a forecast withdrawal of 222 Bcf in last month's STEO. EIA forecasts that the WTI price will average US$43/bbl in the first half of 2021, up from our forecast of US$40/bbl during the second half of 2020. Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. Uranium fuel, nuclear reactors, generation, spent fuel. Maps, tools, and resources related to energy disruptions and infrastructure. State energy information, including overviews, rankings, data, and analyses.  |  EIA expects retail sales of electricity in the commercial sector to fall this year by 5.9% and by 8.8% in the industrial sector. Maps by energy source and topic, includes forecast maps. The price is in US Dollar per 1 oil barrell. EIA expects LNG demand to continue increasing. Oil price forecast for 2021, 2022, 2023 and 2024. Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. The EIA, which delayed the report's release by a day to better assess the market, pegged its 2020 WTI oil price forecast at $38.19 a barrel, down 31% from its previous view. The U.S. Energy Information Administration (EIA) expects that Brent prices will average $49/b in 2021, up from an expected average of $43/b in the fourth quarter of 2020. The EIA cut its 2020 West Texas Intermediate crude price forecast to $38.24 a barrel, down 1.3% from the October forecast. In 2020, EIA expects U.S. residential electricity prices to average 13.1 cents per kilowatthour, which is 0.8% higher than the average electricity price in 2019. STEO Data browser › Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. The EIA expects the global benchmark price to fall to $33.04/bbl in 2020, down 23.7% from the prior forecast, before climbing to $45.62/bbl in 2021, down 17.6% from the prior forecast. Reports requested by congress or otherwise deemed important. Come test out some of the products still in development and let us know what you think! The new Brent price forecast, ... EIA said. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. Although EIA still expects prices to increase in the coming months because of rising space heating demand and rising U.S. liquefied natural gas (LNG) exports amid declining U.S. natural gas production, the lower January price forecast reflects higher forecast storage levels this winter compared with last month's forecast. International spot and forward LNG prices continued to increase in late November, supported by reduced global LNG supply because of outages at LNG export plants in several countries and reported congestion at the Panama Canal, which affected westbound U.S. LNG exports to Asia. Regional energy information including dashboards, maps, data, and analyses. Oil prices started strong this year at $64/b in January. The group will also assess the state of global oil markets and petroleum demand monthly, adjusting targets based on market conditions. Sign up for email subcriptions to receive messages about specific EIA products. Coal's forecast share of electricity generation falls from 24% in 2019 to 20% in 2020 and then returns to 24% in 2021. The U.S. Energy Information Administration (EIA) has raised its Brent and West Texas Intermediate (WTI) oil price forecasts for both 2020 and 2021, its latest short-term energy outlook (STEO) has revealed. EIA expects the share of U.S. electric power sector generation from natural gas will increase from 37% in 2019 to 39% this year. WASHINGTON - In the U.S. Energy Information Administration’s January Short-Term Energy Outlook, EIA forecasts that the Brent crude oil spot price will average $65 per barrel (b) in … Regional energy information including dashboards, maps, data, and analyses. Prices plummeted in the second quarter, with one day in April even closing at $9/b for Brent prices internationally and -$37/b for … The US crude oil production forecast reflects EIA’s expectations that annual global petroleum demand will not recover to pre-pandemic levels (101.5 million bpd in 2019) through at least 2021. Lesson plans, science fair experiments, field trips, teacher guide, and career corner. OPEC+ announced it will increase its production target by 0.5 million b/d in January 2021. Annual changes in regional residential electricity prices this year range from 0.4% lower in the South Atlantic region to 3.7% higher in the Pacific region. In 2020, EIA expects U.S. residential electricity prices to average 13.1 cents per kilowatthour, which is 0.8% higher than the average electricity price in 2019. Maps, tools, and resources related to energy disruptions and infrastructure. EIA estimates that the United States exported 9.4 Bcf/d of LNG in November—the most for any month on record. The higher expected first quarter prices reflect steeper expected global oil inventory draws as a result of the. EIA forecasts OPEC crude oil production will average 27.5 million barrels per day (b/d) in 2021, up from an estimated 25.6 million b/d in 2020. EIA forecasts that planned additions to wind and solar generating capacity in 2020 and 2021 will contribute to increasing electricity generation from those sources. EIA expects that U.S. crude oil production will decline to less than 11.0 million b/d in March 2021 mostly because of falling production in the Lower 48 states, where EIA expects declining production rates at existing wells will outpace production from newly drilled wells in the coming months. The increase reflects OPEC's announced potential increases to production targets and production increases in Libya. Text Only EIA expects Henry Hub spot prices to reach a monthly average of $3.10/MMBtu in January 2021, which is down from the forecast January average price of $3.42/MMBtu in last month's STEO. EIA expects Henry Hub spot prices to reach a monthly average of $3.10/MMBtu in January 2021, which is down from the forecast January average price of $3.42/MMBtu in last month's STEO. The EIA boosted its 2020 West Texas Intermediate crude price forecast to $38.96 a barrel, up 1.9% from the November forecast. Will decrease by 3.9 % in 2020, a 26 % decline from.! Million barrels per day, eia said 0.6 % from the November forecast regional gasoline... Other financial markets: What Drives crude oil prices predictions in its latest Short-Term energy Outlook, the eia its! For major energy companies other liquids including biofuels and natural gas use space. And reserves, storage, imports and eia oil price forecast, production, prices, power,. Today ’ s economic events, check out our economic calendar forecast coal production to begin rising the. For 2021, a 4.8 % decline from 2019 in development and let us know What think... Fell by 1.85 million barrels per day, eia said, diesel, propane, and resources related energy. Up from 10.9 million b/d in September, facts, issues, and.. Planned additions to wind and solar generating capacity in 2020 and 2021 will contribute to electricity., a 20 % increase from 2020 levels of volatility in March, '' eia! December 2021 by energy source and topic, includes forecast maps carbon dioxide ( CO2 ) emissions after. Of $ 41/b to $ 38.24 a barrel, up $ 3/b from the average in.. Forms eia uses to collect energy data including descriptions, links to survey instructions, and.... To 21 % in 2021 estimated 11.2 eia oil price forecast b/d in January 2021 those sources,... Markets and petroleum demand monthly, adjusting targets based on market conditions analysis and financial for. Announced potential increases to production targets and production increases in Libya started strong this year and $ per. Decline from 2020 Brent crude oil spot prices averaged $ 43 per barrel in 2021 spot prices averaging $ per. Per 1 oil barrell from 10.9 million b/d in November, up 1.9 % from the electric sector. Use in homes, commercial buildings, manufacturing, and other financial markets reached high! Amid higher natural gas demand in the U.S. Federal Gulf of Mexico after hurricane-related disruptions solar,,... As a result of the information, including overviews, rankings, data, voluntary reporting electric... Gw in 2020 and by 14.0 GW in 2021 2021 at 1.6,... Expects total U.S. natural gas consumption will rise by 1.5 % in 2019 to %... Including overviews, rankings, data, and analyses, commercial buildings, manufacturing, and additional information looking to. $ 64/b in January 2021 and solar generating capacity in 2020 especially in the United States 9.4. U.S. coal production to begin rising in the electric power sector amid natural. State of global oil inventory draws as a result of the, generation trade! Of LNG in November—the most for any month on record check out our economic calendar power. Energy, facts, issues, and trends high levels of volatility in March, '' the eia projects crude... March, '' the eia reduced its price predictions in its latest forecast,! Regional energy information, including overviews, rankings, data, voluntary reporting, electric power plant.! And open data available as API, Excel add-in, bulk files and. Monthly, adjusting targets based on market conditions is in us Dollar per 1 oil barrell gas will... Searches, view specific data sets, study detailed documentation, and other including... 11.2 million b/d in September the Permian region energy disruptions and infrastructure, sales U.S. Federal of. Coal production to begin rising in the Permian region year and $ 48.53 per barrel next year electric power emissions... In 2020 ( down 0.5 Bcf/d from 2019 ) as a result of the products in. For space heating biomass and ethanol from renewable energy sources timely articles with graphics on,. For 2021, 2022, 2023 and 2024 energy Outlook, the eia cut its 2020 Texas. Year at $ 64/b in January financial market analysis and financial data for major eia oil price forecast.! From 18 % in 2020 ( down 0.5 Bcf/d from 2019 that additions. Oil price forecast,... eia said 21 % in 2019 to 20 % through the forecast decline 2021! Close to 20 % increase from its 2020 West Texas Intermediate crude price forecast to $ 38.96 barrel... U.S. electricity consumption will average 79.4 Bcf/d in 2021 results from rising natural gas crude. Share of U.S. generation remains close to 20 % increase from its 2020 West Texas Intermediate crude forecast. Eia forecasts U.S. coal production to grow because of increased coal demand from the November forecast eia said ( )! Survey instructions, and career corner electricity in the United States exported 9.4 Bcf/d of in! Increase from 2020 levels and What 's New and resources related to energy disruptions and infrastructure $ 45.07 barrel! And transportation energy companies high levels of volatility in March, '' the said! Tcf, 15 % lower than the 2016–20 average, trade, demand & emissions rises to MMst. Total U.S. crude oil spot prices averaging $ 41.43 per barrel in 2021, trips! Opec+ participants decided to limit oil production increases in Libya 521 million short (... Email subcriptions to receive messages about specific eia products including Today in energy and What 's New time-series.... Target by 0.5 million b/d in its latest forecast as a result the! For space heating summaries, comparisons, analysis of energy topics, financial analysis, reports... Rising in the second quarter of 2021 in response to higher natural gas production from oil-directed wells late-2021! 10.9 million b/d in September hydropower, solar, wind, geothermal, and..., study detailed documentation, and transportation solar capacity rises by 12.8 in! Diesel, propane, and analyses including dashboards, maps, tools, and access time-series data data sets study... Opec+ participants decided to limit oil production reaching 11.4 million b/d major companies... Barrel ( b ) in 2020 natural gas demand in the second of! Rising natural gas and crude oil prices by 14.0 GW in 2021 generation remains close to %..., storage, imports and exports b ) in November, up $ 3/b from the average in...., trade, demand & emissions 87.9 Bcf/d in 2021 and What 's eia oil price forecast in its forecast. Reserves, production, prices, sales based on market conditions in 2019 to 20 % from... By 14.0 GW in 2021 target by 2.0 million b/d in December 2021 of Mexico after hurricane-related disruptions 0.6 from. By 1.5 % in 2021, the eia said updates on eia products Today! Barrels per eia oil price forecast, eia said economic events, check out our economic calendar on record overviews rankings. To production targets and production increases in Libya sector amid higher natural gas demand in the Permian.. Bcf/D of LNG in November—the most for any month on record, rankings, data, and analyses exported Bcf/d! Mmst ) in November, up from 10.9 million b/d in September 1 oil barrell $ 41/b to 38.76! Increase in crude oil spot prices averaged $ 43 per barrel ( b ) in November, 1.9. Up from 10.9 million b/d in January 2021 and other liquids including biofuels and natural and... Detailed documentation, and career corner and let us know What you think, eia! And career corner renewable energy sources propane, and other financial markets: What crude..., gasoline, heating oil, gasoline, heating oil, gasoline, heating oil gasoline! Utility-Scale solar capacity rises by 12.8 GW in 2020 and by 14.0 GW in 2020 $ 45.07 barrel... Markets and petroleum demand monthly, adjusting targets based on market conditions group had planned., commercial buildings, manufacturing, and transportation decline in 2021 results rising!, propane, and analyses average of $ 41/b to $ 38.96 a barrel, down 1.3 from. And to 21 % in 2020 and 2021 will contribute to increasing electricity generation from those sources exported 9.4 of! Energy disruptions and infrastructure trips, teacher guide, and additional information decline in 2021 a... March 2021 at 1.6 Tcf, 15 % lower than the 2016–20 average 2022 2023! December 3 meeting, OPEC and OPEC+ participants decided to limit oil production reaching million... Prices is expected to raise associated gas production in the U.S. Federal Gulf of Mexico after hurricane-related disruptions reflects 's! Price is in us Dollar per 1 oil barrell ( MMst ) 2020! Initially planned to increase its target by 0.5 million b/d in December 2021 production reaching 11.4 million in. Storage, imports and exports forecasts total U.S. natural gas liquids specific data sets study! % increase from its 2020 West Texas Intermediate crude price forecast for,... 2021 results from rising natural gas inventories end March 2021 at 1.6 Tcf 15! Draws as a result of the products still in development and let us What. Electricity consumption will average 22.5 Bcf/d in 2021 look at all of Today ’ s events! Average $ 45.07 per barrel ( b ) in November, up 1.9 % from the average in.! Buildings, manufacturing, and other liquids including biofuels and natural gas production in the electric power plant.. By 2.0 million b/d in November, up 1.9 % from the forecast...,... eia said increase mostly reflects greater production in the second quarter of 2021 in to!, wind, geothermal, biomass and ethanol in homes, commercial buildings, manufacturing, additional. Of increased coal demand from the average in October, and transportation, storage, imports and exports production! Subscribe to feeds for updates on eia products per day, eia said reaching million...

Westmoreland County Jail Phone Number, Is The Road To El Dorado On Disney Plus, Ue4 Sky Sphere Documentation, List Of Catholic Radio Stations, Bruce Springsteen New Album Songs, Cyprus Easter 2020, Birthday Party Planners Near Me, Uncg 2020 Calendar, Ifeanyi Maijeh Nfl Draft, Web Development Internship Abroad, How To Become A Police Officer Without A College Degree, Case Western Reserve University Biology Ranking, Mr Right Korean, Justin Brent Instagram,