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How will the start-up timing of the new U.S. LNG export facilities affect our forecast?

U.S. exports of liquefied natural gas (LNG) represent the largest source of natural gas demand growth in our March 2025 Short-Term Energy Outlook (STEO), with LNG gross exports expected to increase by 19% to 14.2 billion cubic feet per day (Bcf/d) in 2025 and by 15% to 16.4 Bcf/d in 2026. The start-up timing of two new LNG export facilities—Plaquemines LNG Phase 2 (consisting of 18 midscale trains) and Golden Pass LNG—could significantly affect our forecast because these facilities represent 19% of incremental U.S. LNG export capacity in 2025–26.
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A look back at our forecast for global crude oil prices in 2024

Benchmark Brent crude oil prices averaged $81 per barrel (b) in 2024, in line with the $82/b for the year that we had forecast in our January 2024 Short-Term Energy Outlook (STEO) and more in-depth analysis. In the January 2024 STEO, we forecast that markets would be relatively balanced in 2024, changing little from the 2023 average Brent price of $82/b. On an annual basis, our forecast for balanced markets was relatively accurate, as global inventories showed only a slight drawdown of 0.18 million barrels per day in 2024.
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Volcano Watch — The U.S. Geological Survey’s review process: checking and verifying our information
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Volcano Watch — The U.S. Geological Survey’s review process: checking and verifying our information

Volcano Watch  is a weekly article and activity update written by U.S. Geological Survey Hawaiian Volcano Observatory scientists and affiliates. Today's article is by Natalia Deligne, a geologist at HVO. Examples of information that the USGS Hawaiian Volcano Observatory provides, including data of current activity, scientific publications, maps, and summaries (such as fact-sheets), and eruption response information. All have been part of the USGS review process. We start with HVO’s volcano and earthquake monitoring network, scientific research, and other techniques, such as field work, lab work, and other analyses. These form the basis of science-based information we provide through briefings
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