Analysis & Projections

Short-Term Outlook Related

Short-Term Energy Outlook

Released: October 10, 2012

Short-term energy supply, demand, and price projections through 2013 for U.S. and International oil forecasts (archived versions)

 
Market Prices and Uncertainty Report

Released: October 10, 2012

This is a regular monthly supplement to the EIA Short-Term Energy Outlook. (archived versions)

 
Energy & Financial Markets: What Drives Crude Oil Prices?

Released: December 14, 2011

An assessment of the various factors that may influence oil prices - physical market factors as well as those related to trading and financial markets. The analysis describes 7 key factors that could influence oil markets and explores possible linkages between each factor and oil prices, and includes regularly-updated graphs that depict aspects of those relationships.

Short-Term Energy Outlook Model Documentation: Other Petroleum Products Consumption Model

Released: November 30, 2011

The other petroleum product consumption module of the Short-Term Energy Outlook (STEO) model is designed to provide U.S. consumption forecasts for 6 petroleum product categories: asphalt and road oil, petrochemical feedstocks, petroleum coke, refinery still gas, unfinished oils, and other miscvellaneous products

 
Short-Term Energy Outlook Model Documentation: Motor Gasoline Consumption Model

Released: November 30, 2011

The motor gasoline consumption module of the Short-Term Energy Outlook (STEO) model is designed to provide forecasts of total U.S. consumption of motor gasolien based on estimates of vehicle miles traveled and average vehicle fuel economy.

 
Short-Term Energy Outlook, Summer Motor Gasoline Outlook, 2011

Released: April 12, 2011

Projection of motor gasoline prices, supply, and demand for the upcoming summer driving season.

2010 Outlook for Hurricane-Related Production Outages in the Gulf of Mexico - Short-Term Energy Outlook Supplement:

Released: June 1, 2010

Projected impacts to Gulf of Mexico crude oil and natural gas production for the 2010 Atlantic Hurricane Season.

 
Probabilities of Possible Future Prices (Released in the STEO April 2010)

Released: April 1, 2010

EIA introduced a monthly analysis of energy price volatility and forecast uncertainty in the October 2009 Short-Term Energy Outlook (STEO). Included in the analysis were charts portraying confidence intervals around the New York Mercantile Exchange (NYMEX) futures prices of West Texas Intermediate (equivalent to light sweet crude oil) and Henry Hub natural gas contracts.

 
Outlook for Non-OPEC Oil Supply in 2010-2011 (Released in the STEO January 2010)

Released: January 2, 2010

Two large categories define the world's producing countries of crude oil and other liquid fuels (hereafter liquids): those that are members of the Organization of the Petroleum Exporting Countries (OPEC) and those that are outside that group (non-OPEC). This article takes a closer look at the latter category.

 
Energy Price Volatility and Forecast Uncertainty (Released in the STEO October 2009)

Released: October 6, 2009

EIA Measures Price Uncertainty in Oil and Natural Gas Markets

 
Understanding the Decline in Carbon Dioxide Emissions in 2009 (Released in the STEO October 2009)

Released: October 6, 2009

EIA Forecasts 5.9 Percent Decline in U.S. Carbon Dioxide Emissions in 2009

 
Short-Term Energy Carbon Dioxide Emissions Forecasts August 2009

Released: August 11, 2009

Supplement to the Short-Term Energy Outlook. Short-term projections for U.S. carbon dioxide emissions of the three fossil fuels: coal, natural gas, and petroleum.

 
2009 Outlook for Hurricane Production Outages in the Gulf of Mexico, The (Released in the STEO June 2009)

Released: June 1, 2009

Projected impacts to Gulf of Mexico crude oil and natural gas production for the 2009 Atlantic Hurricane Season.

 
Implications of Lower Natural Gas Prices for Electric Generators in the Southeast, The

Released: May 12, 2009

This supplement to the Energy Information Administration's (EIA) May 2009 Short-Term Energy Outlook (STEO) focuses on changes in the utilization of coal- and natural-gas-fired generation capacity in the electric utility sector as the differential between delivered fuel prices narrows.

 
Biodiesel Supply and Consumption in the Short-Term Energy Outlook

Released: April 1, 2009

The historical biodiesel consumption data published in the EIA Monthly Energy Review (http://www.eia.doe.gov/emeu/mer/contents.html) March 2009 edition were revised to account for imports and exports. Table 10.4 of the Monthly Energy Review was expanded to display biodiesel imports, exports, stocks, stock change, and consumption. Similar revisions were made in the April 2009 edition of the Short-Term Energy Outlook (STEO).

 
2008 Outlook for Hurricane Production Outages in the Gulf of Mexico - Short-Term Energy Outlook Supplement

Released: June 10, 2008

EIA estimates of expected production shut-ins of crude oil and natural gas in the U.S. Gulf Coast during the upcoming hurricane season (June through November).

 
Motor Gasoline Consumption 2008 - Historical Perspective and Short-Term Projections

Released: April 8, 2008

This report reviews how gasoline markets relate to population, income, prices, and the growing role of ethanol. It also analyzes the structural shift in motor gasoline markets that took place in the late 1990s

 
Motor Gasoline Market Spring 2007 and Implications for Spring 2008

Released: April 8, 2008

This report focuses on the major factors that drove the widening difference between wholesale gasoline and crude oil prices in 2007 and explores how those factors might impact gasoline prices in 2008.

 
Outlook for Non-OPEC Oil Supply Growth in 2008-2009 (Released in the STEO February 2008)

Released: February 1, 2008

In 2008-2009, EIA expects that non-OPEC petroleum supply growth will surpass that in recent years because of the large number of new oil projects scheduled to come online during the forecast period.

 
Short-Term Energy Outlook Supplement: Why Are Oil Prices So High?

Released: November 6, 2007

Why Are Oil Prices So High?

 
Natural Gas in the Rocky Mountains: Developing Infrastructure

Released: September 20, 2007

This Supplement to EIA's Short-Term Energy Outlook analyzes current natural gas production, pipeline and storage infrastructure in the Rocky Mountains, as well as prospective pipeline projects in these States. The influence of these factors on regional prices and price volatility is examined.

 
2007 Outlook for Hurricane Impacts on Gulf of Mexico Crude Oil & Natural Gas Production, The

Released: June 13, 2007

Projected impacts to Gulf of Mexico crude oil and natural gas production for the 2007 Atlantic Hurricane Season.

 
U.S. LNG Imports - The Next Wave

Released: January 11, 2007

U.S. LNG imports - The Next Wave, is now available as a special supplement to the January 2007 issue of the Short-Term Energy Outlook (STEO). Although liquefied natural gas (LNG) imports still account for less than three percent of total U.S. natural gas supplies, the global market is growing and the Energy Information Administration (EIA) foresees another wave of U.S. LNG import growth over the next 2 years. The supplement focuses on recent trends in global and U.S. LNG trade, and presents factors expected to influence LNG imports through 2008. EIA expects year-over-year increases in LNG imports of 34.5 and 38.5 percent in 2007 and 2008, respectively.

 
Short-Term Energy Outlook Supplement: U.S. LNG Imports - The Next Wave

Released: January 11, 2007

This report was prepared by the Energy Information Administration (EIA), in response to a September 27, 2006, request from Senators Bingaman, Landrieu, Murkowski, Specter, Salazar, and Lugar. The Senators requested that EIA assess the impacts of a proposal that would regulate emissions of greenhouse gases (GHGs) through an allowance cap-and-trade system.

 
Short-Term Energy Outlook Supplement: Why Are Oil Prices So High?

Released: August 6, 2006

Feature article on the reasons for high oil prices.

 
Summer 2006 Motor Gasoline Prices (Released in the STEO July 2006)

Released: July 1, 2006

This supplement to the July 2006 ShortTerm Energy Outlook (STEO) examines the various factors that have contributed to this summers high gasoline prices and discusses how they may continue to impact markets over the next several months.

 
Short and Mid-Term US Energy Outlook

Released: February 23, 2004

Presented by: Guy F. Caruso, EIA Administrator Presented to: National Governor's Association 2004 Winter Meeting February 23, 2004

World Oil Market Outlook

Released: May 4, 2003

Presented by: Guy F. Caruso, EIA Administrator Presented to: The Committee On Energy And Commerce U. S. House Of Representatives Washington, DC May 4 2003

Motor Gasoline Outlook and State MTBE Bans

Released: April 1, 2003

The U.S. is beginning the summer 2003 driving season with lower gasoline inventories and higher prices than last year. Recovery from this tight gasoline market could be made more difficult by impending State bans on the blending of methyl tertiary butyl ether (MTBE) into gasoline that are scheduled to begin later this year.

Electricity Shortage in California: Issues for Petroleum and Natural Gas Supply

Released: June 1, 2001

This report addresses the potential impact of rotating electrical outages on petroleum product and natural gas supply in California.

MTBE Production Economics (Released in the STEO April 2001)

Released: April 1, 2001

The purpose of this analysis is to evaluate the causes of MTBE price increases in 2000.

Presentation to the National Conference of State Legislators - December 2000 Short-Term Energy Outlook

Released: December 18, 2000

Presentation to the National Conference of State Legislators by Mark Masur, Acting Administrator

Natural Gas Winter Outlook 2000-2001

Released: October 1, 2000

This article is based on the Winter Fuels Outlook published in the 4th Quarter Short-Term Energy Outlook and discusses the supply and demand outlook from October 2000 through March 2001.

 
MTBE, Oxygenates, and Motor Gasoline (Released in the STEO October 1999)

Released: October 1, 1999

The blending of methyl tertiary butyl ether (MTBE) into motor gasoline has increased dramatically since it was first produced 20 years ago. MTBE usage grew in the early 1980's in response to octane demand resulting initially from the phaseout of lead from gasoline and later from rising demand for premium gasoline. The oxygenated gasoline program stimulated an increase in MTBE production between 1990 and 1994. MTBE demand increased from 83,000 in 1990 to 161,000 barrels per day in 1994. The reformulated gasoline (RFG) program provided a further boost to oxygenate blending. The MTBE contained in motor gasoline increased to 269,000 barrels per day by 1997.

Impact of Temperature Trends on Short-Term Energy Demand, The (Released in the STEO September 1999)

Released: September 1, 1999

The past few years have witnessed unusually warm weather, as evidenced by both mild winters and hot summers. The analysis shows that the 30-year norms--the basis of weather-related energy demand projections--do not reflect the warming trend or its regional and seasonal patterns.

 
Demand and Price Outlook for Phase 2 Reformulated Gasoline, 2000 (Released in the STEO August 1999)

Released: August 1, 1999

This article presents projections of demand and the market price premium for Phase 2 RFG in the year 2000. The projections in this article are based on forecasts in the Short-Term Energy Outlook, which is published monthly by the Energy Information Administration.

Areas Participating in the Oxygenated Gasoline Program (Released in the STEO July 1999)

Released: July 1, 1999

Section 211(m) of the Clean Air Act (42 U.S.C. 7401-7671q) requires that gasoline containing at least 2.7 percent oxygen by weight is to be used in the wintertime in those areas of the county that exceed the CO NAAQS. The winter oxygenated gasoline program applies to all gasoline sold in the larger of the Consolidated Metropolitan Statistical Area (CMSA) or Metropolitan Statistical Area (MSA) in which the nonattainment area is located.

Areas Participating in the Reformulated Gasoline Program (Released in the STEO June 1999)

Released: June 1, 1999

Section 107(d) of the Clean Air Act, as amended in 1990 (the Act), required States to identify all areas that do not meet the national ambient air quality standards (NAAQS) for ozone, and directed EPA to designate these areas as ozone nonattainment areas. Section 181 of the Act required EPA to classify each area as a marginal, moderate, serious, severe or extreme ozone nonattainment area. EPA classified all areas that were designated as in nonattainment for ozone at the time of the enactment of the 1990 Amendments, except for certain "nonclassifiable" areas (56 FR 56694, November 6, 1991).

Environmental Regulations and Changes in Petroleum Refining Operations (Released in the STEO June 1998)

Released: June 1, 1998

Changes in domestic refining operations are identified and related to the summer Reid vapor pressure (RVP) restrictions and oxygenate blending requirements. This analysis uses published EIA survey data and linear regression equations from the Short-Term Integrated Forecasting System (STIFS). The STIFS model is used for producing forecasts appearing in the Short-Term Energy Outlook.

Refiners Switch to RFG Complex Model

Released: January 2, 1998

On January 1, 1998, domestic and foreign refineries and importers must stop using the "simple" model and begin using the "complex" model to calculate emissions of volatile organic compounds (VOC), toxic air pollutants (TAP), and nitrogen oxides (NOx) from motor gasoline. The primary differences between application of the two models is that some refineries may have to meet stricter standards for the sulfur and olefin content of the reformulated gasoline (RFG) they produce and all refineries will now be held accountable for NOx emissions. Requirements for calculating emissions from conventional gasoline under the anti-dumping rule similarly change for exhaust TAP and NOx. However, the change to the complex model is not expected to result in an increase in the price premium for RFG or constrain supplies.

Reformulated Gasoline Foreign Refinery Rules (Released in the STEO January 1998)

Released: January 2, 1998

On August 27, 1997, the EPA promulgated revised the rules that allow foreign refiners to establish and use individual baselines, but it would not be mandatory (the optional use of an individual refinery baseline is not available to domestic refiners.) If a foreign refiner did not establish and use an individual baseline, the gasoline they export to the U.S. would be regulated through the importer, and subject to the importer's baseline (most likely the statutory baseline). Specific regulatory provisions are implemented to ensure that the option to use an individual baseline would not lead to adverse environmental impacts. This involves monitoring the average quality of imported gasoline, and if a specified benchmark is exceeded, remedial action would be taken by adjusting the requirements applicable to imported gasoline.

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