A guest post by Ovi
Each month the EIA produces four reports which project oil output for the US and the World. The Short Term Energy Outlook (STEO) forecasts oil output for a period of 12 to 24 monthsg into the future for US and World oil production. A second report, the Drilling Productivity Report (DPR) forecasts the combined production for conventional and tight oil in the main tight oil basins, four months ahead of the EIA monthly report. Their third report, Light Tight Oil (LTO), reports on only the tight oil produced in seven tight oil basins and a few smaller ones. A fourth and final outlook is the Monthly Energy Review (MER) that forecasts US output two months past the official US production numbers, for this report that will be October and November.
Normally the Outlooks report appears at the end of the monthly US report. For this month it has been posted separately and early.
1) Short Term Energy Outlook
The December STEO provides projections for the next 15 months, starting with October 2021 to December 2022, for US C + C and other countries.
