IEA expands biofuels coverage in Short-Term Energy Outlook

In Washington, biofuels are making up an increasing share of total distillate fuel oil consumed in the United States. Beginning in the September 2024 Short-Term Energy Outlook (STEO), the Energy Information Agency began publishing forecasts for several new series that help to better capture how biofuels are being consumed and overall demand for distillate fuel oil, a classification of petroleum products that includes diesel, fuel oil, and heating oil.

The IEA made these changes to clarify how much biofuel is included in petroleum products, particularly distillate fuel. These updates are largely based on data series the IEA is already reporting in its Petroleum Supply Monthly (PSM) and forecasting in STEO. The new data are available in STEO Table 4d.