EIA Short-Term Energy Outlook forecasts Brent near $100 per barrel and reports U.S. commercial crude at 410 million barrels
EIA November STEO shows Brent near $100/b, U.S. commercial crude 410 million barrels at end‑October, and OPEC liquids 24.5 million b/d.
- Urgency
- L3
- 77
- 75
- 70
- 80
- 85
At a glance
The U.S. Energy Information Administration in its November Short-Term Energy Outlook says Brent crude is expected to remain near $100 per barrel for the remainder of the year and reports U.S. commercial crude inventories were 410 million barrels at the end of October. The STEO tables also show OPEC total liquid fuels production forecast 24.5 million barrels per day, up from a previous 23.9.
- EIA November STEO shows Brent near $100/b, U.S. commercial crude 410 million barrels at end‑October, and OPEC liquids 24.5 million b/d.
CHRONOS Wire · November 11 · Alert 12
What happened
The U.S. Energy Information Administration in its November Short-Term Energy Outlook says Brent crude is expected to stay near $100 per barrel for the rest of the year, and it reports U.S. commercial crude inventories were 410 million barrels at the end of October. The outlook also publishes an updated OPEC total liquids production forecast of 24.5 million barrels per day.
Why it matters
These are official, recent government figures that can influence market pricing and risk assessments in the near term.
CHRONOS Bottom Line
The EIA STEO reiterates near‑term oil price support and documents materially low U.S. crude stocks, which are relevant to market participants and refiners.
Full detail
What changed
The November STEO publishes updated price and supply figures: Brent forecast near $100 per barrel for the remainder of the year, U.S. commercial crude inventories of 410 million barrels at end‑October, and an OPEC total liquids production forecast of 24.5 million b/d (previous 23.9).
What is genuinely new
EIA published its November Short-Term Energy Outlook with updated forecasts and tables showing Brent near $100/b for the remainder of the year, U.S. commercial crude at 410 million barrels at end‑October, and an OPEC total liquids forecast of 24.5 million b/d.
Detailed analysis
The November STEO text states Brent is expected to remain near $100 per barrel for the remainder of the year. The accompanying press release highlights U.S. commercial crude inventories of 410 million barrels at end‑October. STEO tables show OPEC total liquid fuels production forecast at 24.5 million b/d versus a previous forecast of 23.9 million b/d. These published figures together indicate continued price support and relatively low reported U.S. crude stocks.
U.S. Impact
Current impact
Low
EIA reports U.S. commercial crude at 410 million barrels at end‑October, a multi‑year low for end‑October which tightens domestic crude buffers.
Potential impact
Elevated
Sustained Brent near $100 and low U.S. crude stocks increase the risk of upward pressure on domestic fuel prices and tighter refinery margins into the near term.
- Impact type
- Direct
- Confidence
- High
U.S. Impact is an analytical assessment of the estimated current and potential effects on the United States. It is not a probability forecast.