Energy Information Administration February 2014 Short-Term Energy Outlook Analyzes Uncertainties in Global Oil & Other Liquids Supply

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On February 11, 2014, the Energy Information Administration issued its February 2014 Short-Term Energy Outlook, including a Special Analysis Supplement titled “Uncertainties in the Short-Term Global Petroleum and Other Liquids Supply Forecast” which discusses the uncertainties underlying the EIA’s 2014-15 outlook for global oil and liquid supply.  The supplement highlights four main sources of uncertainty: (1) unplanned global supply disruptions, (2) U.S. oil production growth, (3) production from the Kazakhstan’s Kashagan oil field, and (4) maintenance in the North Sea.  A brief EIA summary is provided here.

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