EIA launches STEO modernization

10 Dec EIA launches STEO modernization

Revises natural gas forecast on cold snap

London, December 10, 2025, (Oilandgaspress) –– Alongside publication of this month’s Short-Term Energy Outlook (STEO), the Energy Information Administration (EIA) announced plans to modernize its core short-term forecasting system.
“EIA is decisively accelerating toward a more integrated and timely forecasting system that better reflects the evolving role of the United States in global energy markets,” said EIA Administrator Tristan Abbey.
The current model underpinning STEO was built a quarter-century ago. EIA expects to begin the modernization in stages, starting with a new upstream model this spring and full completion in 2027. The new system will feature modern data architecture with automated data flows, internal visualization tools, and comprehensive documentation.
In its December (STEO), EIA forecasts the cold snap hitting the United States this month will drive the Henry Hub natural gas spot price to average almost $4.30 per million British thermal units (MMBtu) this winter, which is more than 40 cents/MMBtu higher than its November forecast. The price increase is driven by increased natural gas consumption for space heating.
EIA forecasts that global crude oil prices will continue to fall through 2026, U.S. coal consumption to decrease in 2026, and electricity generation will continue to rise through 2026.
Other key takeaways from the December STEO

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