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1、 STEO March 2025 ShortShort-TermTerm Energy Energy OutlookOutlook March 2025 U.S.Energy Information Administration|Short-Term Energy Outlook 1 The U.S.Energy Information Administration(EIA),the statistical and analytical agency within the U.S.Department of Energy(DOE),prepared this report.By law,our

2、 data,analyses,and forecasts are independent of approval by any other officer or employee of the U.S.Government.The views in this report do not represent those of DOE or any other federal agencies.March 2025 U.S.Energy Information Administration|Short-Term Energy Outlook 2 Overview U.S.energy market

3、 indicators 2024 2025 2026 Brent crude oil spot price(dollars per barrel)$81$74$68 Retail gasoline price(dollars per gallon)$3.30$3.20$3.20 U.S.crude oil production(million barrels per day)13.2 13.6 13.8 Natural gas price at Henry Hub(dollars per million British thermal units)$2.20$4.20$4.50 U.S.liq

4、uefied natural gas gross exports(billion cubic feet per day)12 14 16 Shares of U.S.electricity generation Natural gas 42%40%40%Coal 16%16%15%Renewables 23%25%27%Nuclear 19%19%19%U.S.GDP(percentage change)2.8%2.4%2.2%U.S.CO2 emissions(billion metric tons)4.8 4.9 4.8 Data source:U.S.Energy Information

5、 Administration,Short-Term Energy Outlook,March 2025 Note:Values in this table are rounded and may not match values in other tables in this report.Global oil markets.Global oil markets will remain relatively tight through the middle of 2025 before gradually shifting to oil inventory builds later thi

6、s year.We expect global oil inventories will fall in the second quarter of 2025(2Q25)in part due to decreasing crude oil production in Iran and Venezuela.As a result,the Brent crude oil spot price in our forecast rises from about$70 per barrel(b)to$75/b by 3Q25.However,we expect oil inventories will