The Energy Information Administration (EIA) provides regular forecasts for crude oil prices, considering factors such as geopolitical events, production levels, inventories, and global economic conditions. This article discusses how these forecasts are crucial for stakeholders in the oil and gas industry, and highlights the key factors the EIA considers in its price forecast.

United States EIA Forecast: Crude Oil Price: Brent Spot Average data was reported at 71.000 USD/Barrel in Dec 2019. This stayed constant from the previous number of 71.000 USD/Barrel for Nov 2019. United States EIA Forecast: Crude Oil Price: Brent Spot Average data is updated monthly, averaging 62.750 USD/Barrel from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 83.000 USD/Barrel in Oct 2018 and a record low of 34.000 USD/Barrel in Mar 2016. United States EIA Forecast: Crude Oil Price: Brent Spot Average data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P003: Energy Price: Forecast: Energy Information Administration.

This dataset contains Oil price short term forecast, including STEO and historical from 2016-2022. Data from U.S. Energy Information Administration. Follow datasource.kapsarc.org for timely data to advance energy economics research.

The U.S. Energy Information Administration (EIA) provides forecasts for crude oil production, imports, exports, and prices through its monthly Short-Term Energy Outlook (STEO) and Annual Energy Outlook (AEO) reports. This article explains how the EIA's crude oil forecast is based on a comprehensive analysis of various factors and serves as an essential tool for market participants, industry professionals, policymakers, and investors. It also highlights the key elements of the EIA's forecast, inclu

Provides annual, quarterly, and monthly prices back to 1976 for gasoline , heating oil, and diesel fuel. Also provides annual prices from 1968 and quarterly and monthly prices from 1974 for imported crude oil. Based on Form EIA-878 data.

United States EIA Forecast: Retail Price incl Tax: Heating Oil data was reported at 305.688 0.01 USD/gal in Dec 2019. This records an increase from the previous number of 300.541 0.01 USD/gal for Nov 2019. United States EIA Forecast: Retail Price incl Tax: Heating Oil data is updated monthly, averaging 281.432 0.01 USD/gal from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 312.013 0.01 USD/gal in Jan 2019 and a record low of 196.745 0.01 USD/gal in Apr 2016. United States EIA Forecast: Retail Price incl Tax: Heating Oil data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P003: Energy Price: Forecast: Energy Information Administration.

United States EIA Forecast: Crude Oil Price: U.S. Imported Average data was reported at 63.500 USD/Barrel in Dec 2019. This stayed constant from the previous number of 63.500 USD/Barrel for Nov 2019. United States EIA Forecast: Crude Oil Price: U.S. Imported Average data is updated monthly, averaging 54.750 USD/Barrel from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 70.500 USD/Barrel in Oct 2018 and a record low of 28.500 USD/Barrel in Mar 2016. United States EIA Forecast: Crude Oil Price: U.S. Imported Average data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P003: Energy Price: Forecast: Energy Information Administration.

The Energy Information Administration (EIA) provides oil production forecasts based on various factors and assumptions. These forecasts are essential for energy market participants, policymakers, analysts, and researchers to make informed decisions and understand the future dynamics of the oil market.

While major energy institutions IEA, OPEC, and EIA used to have little differences in their long-term growth projections for the oil market, their demand outlooks have become more divergent in recent years. In its 2024 outlook, OPEC expected global oil demand to increase to more than 113 million barrels per day by 2030. In comparison, the IEA's stated policies scenario (STEPS) from 2024 sees oil demand coming to merely 101.7 million barrels per day by 2030. A figure that was similar to the EIA's latest outlook.

The Annual Energy Outlook presents longterm annual projections of energy supply, demand, and prices focused on the U.S. through 2050, based on results from EIA's National Energy Modeling System (NEMS). NEMS enables EIA to make projections under alternative, internally-consistent sets of assumptions, the results of which are presented as cases. The analysis in AEO2014 focuses on five primary cases: a Reference case, Low and High Economic Growth cases, and Low and High Oil Price cases. Users of the EIA API are required to obtain an API Key via this registration form: http://www.eia.gov/beta/api/register.cfm

A comprehensive dataset for WTI crude oil price prediction, combining key economic indicators and oil industry metrics from 2005-2024. Features include: - EUR/USD exchange rates - Oil inventory levels - Production volumes - Rig counts - Inflation rates - Technical indicators (rolling averages)

Data sourced from EIA and FRED APIs, processed and engineered for time series forecasting. Ideal for price prediction models and market analysis.

Dataset prepared with proper cleaning and feature engineering.

The Short-Term Energy Outlook (STEO) dataset is a report released by the U.S. Energy Information Administration (EIA). It provides near-term forecasts and analysis of energy market trends in the United States.

The dataset covers various aspects of the energy sector, including

• Crude Oil and Liquid Fuels: Information on crude oil production, imports, and prices. It also includes forecasts for gasoline and diesel fuel prices.
• Natural Gas: Data on natural gas production, consumption, prices, and storage levels.
• Electricity: Forecasts for electricity generation, consumption, and prices, as well as information on capacity and fuel sources.
• Renewable Energy: Coverage of renewable energy sources, such as wind, solar, and hydroelectric power, including forecasts for their contribution to overall energy production.
• Carbon Dioxide Emissions: Analysis of trends in carbon dioxide emissions related to energy consumption.
• International Energy Trends: Information on global energy markets, including oil prices, production, and consumption.

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Acknowledgement

U.S. Energy Information Administration

The EIA raises its 2025 U.S. oil production forecast to 13.53 million bpd, warning that increasing global inventories will create a supply glut and put downward pressure on oil prices.

United States EIA Forecast: Crude Oil Price: U.S. Refiner Average Acquisition Cost data was reported at 66.000 USD/Barrel in Dec 2019. This stayed constant from the previous number of 66.000 USD/Barrel for Nov 2019. United States EIA Forecast: Crude Oil Price: U.S. Refiner Average Acquisition Cost data is updated monthly, averaging 57.250 USD/Barrel from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 73.000 USD/Barrel in Oct 2018 and a record low of 31.000 USD/Barrel in Mar 2016. United States EIA Forecast: Crude Oil Price: U.S. Refiner Average Acquisition Cost data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P003: Energy Price: Forecast: Energy Information Administration.

The IEA is the energy institute expecting the highest oil surplus for 2025. As demand outlooks remain modest, robust production output throughout 2024 is expected to result in some form of oil surplus, which would also impact oil prices. Woodmac was the only energy institute surveyed that did not see a surplus for the year. Production growth amid lower demand expectations The expected surplus in 2025 is largely attributed to non-OPEC production growth from major producers such as the United States and newcomers like Guyana. Overall, worldwide liquid fuels production could see a steep increase in the first half of 2025, if producers like OPEC stick to their output plans. This would come in spite of modest consumption expectations. Again, the IEA is the institute predicting the lowest growth in global oil demand when compared to other industry bodies such as the EIA and OPEC. Forecasting centers diverge in opinion on oil future Not only near-term, also long-term oil demand projections have become increasingly divergent among major energy institutions. OPEC's 2024 outlook expects global oil demand to surpass *** million barrels per day by 2030, while the IEA's stated policies scenario anticipates demand reaching only ***** million barrels per day in the same year. Diesel and gasoil currently account for the largest share of oil product demand at ***** percent, though this is expected to decrease slightly by 2050. Jet fuel and kerosene are projected to see the greatest increase in demand shares over the coming decades.

Stocks of crude oil in the United States increased by 2.77million barrels in the week ending November 21 of 2025. This dataset provides the latest reported value for - United States Crude Oil Stocks Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This dataset contains oil demand, supply, stocks outlook from 2016-2022. Data from U.S. Energy Information Administration. Follow datasource.kapsarc.org for timely data to advance energy economics research. Price outlook dataset link: EIA - Oil Price Short Term Forecast

This API provides data back to 1990 and projections annually, monthly, and quarterly for 18 months. Summarizes the outlook for prices of petroleum, natural gas, electricity and coal. Users of the EIA API are required to obtain an API Key via this registration form: http://www.eia.gov/beta/api/register.cfm

United States EIA Forecast: Electricity Price: Gen Fuel Costs: Residual Fuel Oil data was reported at 13.463 USD/MN BTU in Dec 2019. This records an increase from the previous number of 13.049 USD/MN BTU for Nov 2019. United States EIA Forecast: Electricity Price: Gen Fuel Costs: Residual Fuel Oil data is updated monthly, averaging 12.012 USD/MN BTU from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 14.633 USD/MN BTU in Jun 2019 and a record low of 7.438 USD/MN BTU in Mar 2016. United States EIA Forecast: Electricity Price: Gen Fuel Costs: Residual Fuel Oil data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P003: Energy Price: Forecast: Energy Information Administration.

The global demand for crude oil (including biofuels) in 2024 amounted to 103.75 million barrels per day. The source expects economic activity and related oil demand to pick up by the end of the year, with forecast suggesting it could increase to more than 105 million barrels per day. Motor fuels make up majority of oil demand Oil is an important and versatile substance, used in different ways and in different forms for many applications. The road sector is the largest oil consuming sector worldwide. It accounts for nearly one half of the global demand for oil, largely due to reliance on motor spirits made from petroleum. The OPEC projects global oil product demand to reach 120 million barrels per day by 2050, with transportation fuels such as gasoline and diesel expected to remain the most consumed products. Diesel and gasoil demand is forecast to amount to 32.5 million barrels per day in 2050, up from 29 million barrels in 2023. Gasoline demand is forecast at 27 million barrels by 2050. Differences in forecast oil demand widen between major energy institutions Despite oil producing bodies such as the OPEC seeing continued importance for crude oil in the future, other forecast centers have been more moderate in their demand outlooks. For example, between the EIA, IEA, and OPEC, the latter was the only one to expect significant growth for oil demand until 2030.