EIA


All posts for EIA

TODAY IN ENERGY: U.S. natural gas production reaches a new record despite low prices

Pickens was known as a corporate raider in the 1980s, targeting Gulf Oil, Unocal and Phillips Petroleum, a company later targeted by Icahn. The companies became Mesa Petroleum, which Pickens took public in 1964 and became one of the largest independent oil and gas companies in the United States. ...

Hui Shan


Posted 6 days agoLink > Productionsupplynatural gas +3

SHORT-TERM ENERGY OUTLOOK

Natural gas spot prices at the Waha hub in western Texas, located near Permian Basin production, settled at $1.55/million British thermal units (MMBtu) on August 15, the highest price since March 2019. GCX will provide much-needed additional natural gas takeaway pipeline capacity from the Permian ...

Hui Shan


Posted 8 days agoLink > CoalElectricityrenewable +3

Professional Network for the Energy Industry

Ask and get your career and industry questions answered & participate in discussions. Join industry, work or school-related Groups and get connected with like-minded professionals.

Hui Shan


Posted 15 days agoLink > ElectricitygenerationSolar +1

TODAY IN ENERGY: The U.S. leads global petroleum and natural gas production with record growth in 2018

For the United States and Russia, petroleum and natural gas production is almost evenly split; Saudi Arabia's production heavily favors petroleum. Petroleum production is composed of several types of liquid fuels, including crude oil and lease condensate, natural gas plant liquids (NGPLs), and bi ...

Hui Shan


Posted 29 days agoLink > ProductionsupplyOil +5

This Week in Petroleum: EIA forecasts moderate inventory builds in 2020 and lowers crude oil price forecast

In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...

Hui Shan


Posted 1 month agoLink > ConsumptionDemandprices +5

SHORT-TERM ENERGY OUTLOOK

Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results. ...

Hui Shan


Posted 1 month agoLink > ElectricityrenewableCoal +10

TODAY IN ENERGY: Texas ranks first in U.S.-installed wind capacity and number of turbines

Barely hours before the deadline, Chevron received word from the US government that it would be allowed to continue operating in Venezuela. The lone major US oil company still in operation after ExxonMobil and ConocoPhillips made a costly flee when Hugo Chávez nationalised the oil industry, Chevr ...

Hui Shan


Posted 1 month agoLink > windTexasstates +2

TODAY IN ENERGY: U.S. LNG exports to Europe increase amid declining demand and spot LNG prices in Asia

A warm winter in Asia and declining price differentials between European and Asian spot natural gas prices led to increased volumes of U.S. LNG exports delivered to Europe. Recent declines in price differentials between European pricing benchmarks (including National Balancing Point (NBP) in the ...

Hui Shan


Posted 1 month agoLink > pricesConsumptionDemand +9

TODAY IN ENERGY: More U.S. coal-fired power plants are decommissioning as retirements continue

Plant owners intend to retire another 17 GW of coal-fired capacity by 2025, according to the U.S. Energy Information Administration's (EIA) Preliminary Monthly Electric Generator Inventory. After a coal unit retires, the power plant site goes through a complex, multi-year process that includes de ...

Hui Shan


Posted 1 month agoLink > CoalElectricitygenerating capacity +3

TODAY IN ENERGY: The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade

The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and liquefied natural gas (LNG) shipments to Europe and North America. Total oil flows through the Suez Canal and the SUMED pipeline accounted for about 9% of total seaborne traded petroleum ...

Hui Shan


Posted 1 month agoLink > natural gasPipelinesLiquid Fuels +5

TODAY IN ENERGY: U.S. utility-scale battery storage power capacity to grow substantially by 2023

Weakening global oil demand and strong supply growth in the United States contributed to global petroleum and other liquid fuels inventory builds in the first half of 2019 and limited any sustained upward pressure on crude oil prices. EIA expects that the combination of strong growth in U.S. and ...

Hui Shan


Posted 2 months agoLink > StorageElectricityEnergy +1

This Week in Petroleum: Crude oil prices are forecast to remain relatively flat

Weakening global oil demand and strong supply growth in the United States contributed to global petroleum and other liquid fuels inventory builds in the first half of 2019 and limited any sustained upward pressure on crude oil prices. EIA expects that the combination of strong growth in U.S. and ...

Hui Shan


Posted 2 months agoLink > OilpetroleumSTEO +2

TODAY IN ENERGY: U.S. crude oil production surpassed 12 million barrels per day in April

The Wafra field was discovered in 1953, and in 1960, Japan's Arabian Oil Company (which held an offshore concession awarded by Saudi Arabia in 1957 and another awarded by Kuwait in 1958) discovered the giant Khafji offshore field. The unique status of the Neutral Zone is exemplified by its struct ...

Hui Shan


Posted 2 months agoLink > ProductionsupplyEIA +5

TODAY IN ENERGY: U.S. electricity generation from renewables surpassed coal in April

With its audience of government ministers, international and national oil companies, CEOs and other top global industry influencers, the ADIPEC Awards provide the global oil and gas community the perfect opportunity to engage, inspire and influence the workforce of the future.” Held under the pat ...

Hui Shan


Posted 2 months agoLink > generationCoalElectricity +2

TODAY IN ENERGY: Crude oil inputs to Mexico’s petroleum refineries continued to decline in 2018

Crude oil inputs to Mexico's petroleum refineries declined for the fifth consecutive year in 2018, falling to nearly 600,000 barrels per day (b/d), a 50% drop from 2013 levels. Petróleos Mexicanos (Pemex), Mexico's national oil company, owns and operates the country's six petroleum refineries, wh ...

Hui Shan


Posted 2 months agoLink > Liquid FuelsCrude oilpetroleum +3