Normally near the end of the month an update on world oil output is posted here. However this month the EIA’s world oil report will appear too close to the US monthly report. For this month, in its place, this space will be filled with the three oil growth projections that the EIA published in April along with other oil production-related information. The world report will be posted after the US report, later in May. Short Term energy Outlook (STEO) The STEO provides projections for the next 13 – 24 months for US C + C and NGPLs production. The April 2021 report presents EIAʼs updated oil output and price projections to December 2022. According to the STEO, US output is projected to increase in March 2021 after recovering from the February low of 10,276 kb/d. The April STEO has revised down the December […]