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Short-Term Energy Outlook
Winter Fuels Outlook. This month we are publishing our Winter Fuels Outlook, which discusses our expectations of household energy consumption and expenditures for the upcoming 2023–24 winter season. We expect U.S. households that use natural gas, electricity, or propane as their main heating fuel to spend less on heating this winter compared with last winter. Households that use heating oil are expected to spend slightly more. • OPEC+ production. Beginning this month, our Short-Term Energy Outlook (STEO) OPEC crude oil production table will feature a new OPEC+ crude oil production forecast. The estimate includes ... (full story)
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#OOTT | EIA STEO Current Yr Crude F'cast (Bpd) Oct: 12.92 (prev 12.78)
— LiveSquawk (@LiveSquawk) October 11, 2023
- Forward Yr Crude F'cast (Bpd): 13.12 (prev 13.16)
- Current Yr Dry NatGas F'cast (Bcf/d): 103.72 (prev 102.69)
- Forward Yr Dry NatGas F'cast (Bcf/d): 105.13 (prev 104.93)https://t.co/lrkVjEAXgd
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Winter Fuels Outlook 2023–24
Winter heating prices for U.S. households are expected to remain relatively flat or decrease this season, depending on main heating fuel households use and the region in which they are located. Because we expect natural gas prices will be lower than last year, the 46% of U.S. households that use natural gas as their main heating fuel will likely spend less on heating this winter compared with last winter. This winter, we expect temperatures in the western United States to be warmer than the previous winter, which was much colder than average. As a result, households in the West, regardless of fuel, will likely spend ... (full story)