EIA Oil and Gas Publishers Note: While the EIA is looking at prices in the $2.95 range, we have been talking to many experts in the oil and gas space and they look for higher numbers. It is always to get all of the data you can when looking at futures. The 360 Digital Closing Bell team are looking above
EIA forecasts 9.9 MMBOPD production in 2018; predicts Brent to average $54 in 2017, $57 in 2018 In its April 11, 2017 “Short Term Energy Outlook,” the EIA said that U.S. crude oil production averaged an estimated 8.9 million barrels per day in 2016. U.S crude oil production is forecast to average 9.2 million b/d in 2017 and 9.9 million
Natural gas production is expected to increase in 2017, after seeing its first decline in over a decade in 2016 Natural gas production is expected to increase during the course of 2017, according to the Energy Information Administration (EIA). The agency expects the U.S. to produce 73.7 Bcf/d this year, up approximately 2% from last year. The increase in production
Price expectations stay the same in EIA’s short-term outlook Heating cost across the United States are likely to be lower this winter than they have been for the last two years, according to the Energy Information Administration’s (EIA) Short-Term Energy Outlook (STEO) for October. The average U.S. household expenditures for natural gas, heating oil and propane from October 1 to March
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