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energy forecast

EIA Lowers Crude Oil Price Forecast Through 2016

August 20, 2015 by U.S. EIA: Today in Energy

Oil Price Predictions

Amid uncertainty in the oil market, EIA has lowered crude oil price forecasts in the Short-Term Energy Outlook (STEO), expecting West Texas Intermediate (WTI) crude oil prices to average $49 per barrel (b) in 2015 and $54/b in 2016, $6/b and $8/b lower than forecast in last month's STEO, respectively.[read more]

Evaluating Fifteen Years of IEA Energy Forecasts

December 17, 2014 by Schalk Cloete
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Analyzing IEA Forecasts

This article takes a look at the accuracy and consistency of International Energy Agency forecasts by comparing a range of historical forecasts with actual data. The largest deviations are observed when looking at oil, coal and renewables other than hydro.[read more]

Energy Quote of the Day: 'Oil Prices are Expected to Remain High Enough in 2015'

December 12, 2014 by Jared Anderson

Oil Prices in 2015

The US Energy Information Administration recently slashed its 2015 oil price forecasts, but the statistical arm of the DOE still expects total oil output to increase to volumes not seen since 1972. It will take some time before current lower oil price levels manifest in lower US oil production volumes.[read more]

Why EIA, IEA, and Randers' 2052 Energy Forecasts are Wrong

January 16, 2014 by Gail Tverberg
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Energy Forecasts

What is the correct way to model the future course of energy and the economy? There are clearly huge amounts of oil, coal, and natural gas in the ground. With different approaches, researchers can obtain vastly different indications. But most researchers are modeling the wrong limit.[read more]