2018 Forecast Oil Prices United States 
Green Car Congress
AUGUST 24, 2018
The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 million barrels per day (b/d) in 2018 and 11.7 If realized, both of these forecast levels would surpass the previous record of 9.6 million b/d in 2018 and 3.9 million b/d.
Green Car Congress
FEBRUARY 12, 2019
The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 million units for 2019. CAR’s forecast includes a continuation of sales declines in 2020 and 2021 down to 16.5 million units in 2021. million units by 2022 and continue an upward trend through 2025.
Green Car Congress
APRIL 15, 2017
shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks.
Green Car Congress
NOVEMBER 7, 2019
US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. Investors are imposing capital discipline on E&P’s by pushing down equity prices and pushing up the cost of capital on debt markets.
Green Car Congress
APRIL 11, 2017
In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) projects that US crude oil production, which averaged an estimated 8.9 million b/d in 2018. That level is higher than originally forecast, exceeding the previous record level of 9.6 Highway travel is forecast to be 1.4%
Green Car Congress
DECEMBER 16, 2013
Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). In developing its projections, the EIA implemented a new approach to forecasting VMT, based on an analysis of VMT by age cohorts and the aging of the driving population over the course of the projection. Source: EIA.
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