US dry gas production to set another record: Steo

U.S. dry natural gas production will average 91.3 billion cubic feet per day (Bcf/d) in 2019, up 8.0 Bcf/d from the previous record set in 2018, the Energy Information Administration projects in the just-released July Short-Term Energy Outlook (Steo), Kallanish Energy reports. EIA/Steo expects annual average U.S. natural gas production will rise by 1.4 Bcf/d

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Wti crude climbs $1/Bbl in 2020: Steo

West Texas Intermediate crude oil prices will average $62 a barrel in the second half of 2019, and $63/Bbl in 2020, the Energy Information Administration projects in the just-released Short-Term Energy Outlook (Steo), Kallanish Energy reports. EIA’s forecast WTI price of $63/Bbl for December 2019, should be considered in the context of Nymex WTI futures and options

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