The EIA’s Short Term Energy Outlook is out…

February 12, 2019 by Jim Colburn Leave a Comment

I’m not sure why the Energy Information Agency’s monthly energy report, here, doesn’t get the same respect as the IEA and OPEC do, but it is an excellent look at the situation/outlook for energy… Here are some selected charts:

Note the slight builds expected through 2019/20…

The EIA revised US oil production estimates for 2019 and 2020 by +100,000 bpd!

Gasoline inventories are expected to remain at the high end of the 5 year range, distillate inventories move a little bit off the bottom of the 5 year range…

The EIA expects the US to be a net exporter of petroleum and products in 2020…

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