EIA forecasts Alaska crude oil production will grow in 2026 for the first time since 2017
In our March 2025 Short-Term Energy Outlook, we forecast crude oil production in Alaska will increase by 16,000 barrels per day (b/d) in 2026 to 438,000 b/d after remaining relatively flat in 2025. Two new oil developments in Alaska—the Nuna and Pikka projects—are expected to boost crude oil production in the state after decades of decline. If realized, this annual production increase will be the first since 2017 and the largest since 2002..
EIA forecasts lower oil price in 2025 amid significant market uncertainties
We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in 2024 to $74/b in 2025 and $66/b in 2026, as strong global growth in production of petroleum and other liquids and slower demand growth put downward pressure on prices and help offset heightened geopolitical risks and voluntary production restraint from OPEC+ members. This forecast was completed before the United States issued additional sanctions targeting Russia's oil sector on January 10, which have the potential to reduce Russia's oil exports to the global market.
EIA extends five key energy forecasts through December 2026
In our January 2024 Short-Term Energy Outlook, which includes data and forecasts through December 2026, we forecast five key energy trends that we expect will help shape markets over the next two years.
#Milton one-stop page: The latest storm forecasts, maps, imagery and more
One-stop event page for #Milton Posted October 5, 2024 NOAA's National Weather Service wants you to have the latest, most accurate information on Milton to keep you informed and safe. Here is a compilation of information that you can use before, during, and after the storm to have the most current forecasted weather conditions for your area, evacuation and shelter information, and available resources to help keep you safe. NWS offices will be using the hashtag #Milton on X throughout the event. For the Latest Storm Information NWS Jacksonville, FL Social Media: Facebook, X NWS Key West, FL Social Media:
Biden-Harris Administration invests $26 million to improve NOAA forecasts of droughts and floods through public-private partnership
Today, the Department of Commerce and NOAA announced that $26 million in funding will be invested over four years in the National Weather Service (NWS) National Mesonet Program and the National Integrated Drought Information System (NIDIS) to support the development of a transformative federal-state-private partnership to provide improved early warning for drought, flooding, fire and other natural hazards as part of President Biden’s Investing in America agenda under the Bipartisan Infrastructure Law. The U.S. Army Corps of Engineers (USACE) will partner with NOAA on this pilot program. The funds will enable NOAA and USACE to help communities build resilience to