The EIA Short Term Energy Outlook (STEO) was published recently. An estimate for World C+C output from 2015 to 2026, with forecast values for 2024 to 2026 based on the recent STEO n chart below. A slightly different methodology was used this month by looking at World C+C minus US C+C from the EIA’s International Energy Statistics and World crude minus US Crude as reported in the STEO to find World minus US condensate output. The trend for the condensate data from 2018 to 2023 was used to project condensate from 2024 to 2026 for World minus US and then the forecast for US C+C was added to the World minus US crude forecast along with the condensate forecast to arrive at World C+C.
