EIA STEO: US oil production to average 13.32mln BPD in October (prev. 13.25mln BPD in September), and to average 13.51mln BPD in November
Important
SourceNewsquawk
SectionEnergy & Power
- US natural gas production to average 113.3 BCF/day in October (prev. 113.2 BCF/day in September), and to average 113.7 BCF/day in November.
- Sees 2024 US oil output of 13.22mln BPD (prev. 13.25mln BPD); sees 2025 output of 13.54mln BPD (prev. 13.67mln BPD).
- Sees 2024 US natgas output of 103.5 BCF/d (prev. 103.4 BCF/d); sees 2025 demand of 104.6 BCF/d (prev. 104.8 BCF/d).
- Sees 2024 US oil demand of 20.3mln BPD (prev. 20.3mln BPD); sees 2025 demand of 20.5mln BPD (prev. 20.6mln BPD).
- Sees 2024 US natgas demand of 90.1 BCF/d (prev. 89.9 BCF/d); sees 2025 demand of 89.1 BCF/d (prev. 89.5 BCF/d).
- Sees 2024 world oil output of 102.5mln BPD (prev. 102.2mln BPD); sees 2025 output of 104.5mln BPD (prev. 104.6mln BPD).
- Sees 2024 world oil demand of 103.1mln BPD (prev. 103.1mln BPD); sees 2025 demand of 104.3mln BPD (prev. 104.6mln BPD).
- Sees 2024 WTI price average of 76.91/bbl (prev. 78.8/bbl); sees 2025 forecast of 73.13/bbl (prev. 79.63/bbl).
- Sees 2024 Brent price average of 80.89/bbl (prev. 82.8/bbl); sees 2025 forecast of 77.59/bbl (prev. 84.09/bbl).