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In this month’s outlook, we expect the Brent price will average $78 per barrel (b) in 2025, $7/b less than we expected in last month’s STEO. In our forecast, lower crude oil prices largely reflect a reduction for global oil demand growth in 2025.
- Global Oil Markets
Global Oil Markets - Short-Term Energy Outlook - U.S. Energy...
- Electricity, Coal, and Renewables
The higher energy yield that comes with lower heat rates...
- Natural Gas
GOM production capacity was unable to return to full...
- Economy, Weather, and CO2
Collectively, petroleum products make up the largest share,...
- Overview
Winter Fuels Outlook. This month we published the Winter...
- Petroleum Products
Petroleum Products - Short-Term Energy Outlook - U.S. Energy...
- Figures
Figures - Short-Term Energy Outlook - U.S. Energy...
- STEO Release Schedule
The Short-Term Energy Outlook (STEO) scheduling procedure...
- Global Oil Markets
3 paź 2024 · The Short-Term Energy Outlook (STEO) provides monthly forecasts of energy supply, demand, prices, and expenditures for the U.S. and the world. The latest STEO report covers August 2024 and is released on August 6, 2024.
U.S. Energy Information Administration | Short-Term Energy Outlook 5 through 1Q25. As a result, we expect Brent prices will rise from $74/b in September to average $79/b in 1H25, which is about $6/b lower than in last month’s STEO. By the middle of next year, we anticipate accelerated growth in oil production as OPEC+ increases its
The global energy crisis was not a clean energy crisis, but it has focused attention on the importance of ensuring rapid, people-centred and orderly transitions. Three interlinked issues stand out: risks to affordability, electricity security and the resilience of clean energy supply chains.
The U.S. Energy Information Administration (EIA) estimates that the world consumed 92. 2 million barrels per day (b/d) of petroleum and other liquid fuels in 2020, a decline of 9.0 million b/d (9%) from 2019.
27 paź 2022 · The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest edition of the IEA’s World Energy Outlook.
In all our scenarios, price pressures and a dim near-term outlook for the global economy feed through into lower energy demand than in last year’s Outlook. The crisis provides a short-term boost to demand for oil and coal as consumers scramble for alternatives to high priced gas.