# EIA: Uncertainty clouds fuel price outlook | FleetOwner

> The EIA's latest Short-Term Energy Outlook forecasts global liquid inventories will rise by only 50,000 barrels per day in 2018, down from 290,000 b/d in the November outlook. The change reflects upward revisions to Chinese consumption and lower OPEC output forecasts. OPEC and non-OPEC producers agreed to extend output limits through the end of 2018.

- Date: 2017-12-19 · published 2017-12-19T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/67672-eia-uncertainty-clouds-fuel-price-outlook-fleetowner
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A smaller inventory build supports crude and diesel prices, which raises fuel and freight costs for feed and livestock supply chains. Outlook uncertainty means prices could move either way in 2018.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-10-17 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/68641-eia-short-term-energy-outlook-fuels-market-news.md) | +0.1% | +9.5% |
| WTI | 2018-11-01 | [Resumption of Iran sanctions adds uncertainty to crude oil and gasoline price forecasts](https://feedsoft.ai/events/62705-resumption-of-iran-sanctions-adds-uncertainty-to-crude-oil-and-gasoline-price.md) | -5.6% | -21.2% |
| WTI | 2024-12-28 | [Oil News: Crude Prices Climb on U.S. Stock Draw and China Demand Outlook](https://feedsoft.ai/events/27121-oil-news-crude-prices-climb-on-u-s-stock-draw-and-china-demand-outlook.md) | +4.2% | +4.2% |
| WTI | 2024-03-14 | [Oil prices climb as revised IEA outlook signals tighter market \| Reuters](https://feedsoft.ai/events/31368-oil-prices-climb-as-revised-iea-outlook-signals-tighter-market-reuters.md) | +2.6% | +6.4% |
| WTI | 2019-05-21 | [EIA Gasoline and Diesel Retail Prices Update, May 21, 2019 - Fuels Market News](https://feedsoft.ai/events/7393-eia-gasoline-and-diesel-retail-prices-update-may-21-2019-fuels-market-news.md) | -7.3% | -17.7% |
| BRENT | 2017-10-17 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/68641-eia-short-term-energy-outlook-fuels-market-news.md) | -0.2% | +9.4% |
| BRENT | 2018-11-01 | [Resumption of Iran sanctions adds uncertainty to crude oil and gasoline price forecasts](https://feedsoft.ai/events/62705-resumption-of-iran-sanctions-adds-uncertainty-to-crude-oil-and-gasoline-price.md) | -5.4% | -22.3% |
| BRENT | 2024-12-28 | [Oil News: Crude Prices Climb on U.S. Stock Draw and China Demand Outlook](https://feedsoft.ai/events/27121-oil-news-crude-prices-climb-on-u-s-stock-draw-and-china-demand-outlook.md) | +3.8% | +4.4% |

## Sources

- fleetowner.com: https://www.fleetowner.com/for-the-driver/on-the-road/article/21185510/eia-uncertainty-clouds-fuel-price-outlook

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.