EIA


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Natural gas prices in 2019 were the lowest in the past three years

These narrow trading ranges occurred as a result of offsetting upward and downward price pressures, despite the largest single-day price increase since 2008, which followed the September attacks on Saudi Arabia's crude oil production and processing infrastructure. In 2019, several factors, includ ...

Hui Shan


Posted 11 days agoLink > pricesnatural gasEIA

Energy commodity prices rose more than other goods in 2019

(Published: November 6, 2019) Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from t ...

Hui Shan


Posted 15 days agoLink > pricesEIAEnergy

This Week in Petroleum: Best of 2019

(Published: November 6, 2019) Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from t ...

Hui Shan


Posted 16 days agoLink > DieselGasolinePropane +1

U.S. onshore wind capacity exceeds 100 gigawatts

Almost 97% of the 48 million barrel increase in crude oil pipeline fill, which includes some volumes of crude oil in transit via water and rail, occurred in the Gulf Coast (Petroleum Administration for Defense District, or PADD, 3) and the Midwest (PADD 2). The Gulf Coast region, which was respon ...

Hui Shan


Posted 1 month agoLink > generationElectricitywind +2

Short-Term Energy Outlook

[1]After an agreement was reached on the transit dispute that led to a temporary shutdown of crude oil production, the governments of Sudan and South Sudan shifted their focus from border conflicts to the mitigation of their respective domestic opposition factions. [3]In South Sudan, President Sa ...

Hui Shan


Posted 2 months agoLink > ElectricityrenewableSTEO +3

The U.S. placed near-record volumes of natural gas in storage this injection season

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 2 months agoLink > Storagenatural gasEIA

EIA projects energy consumption in air transportation to increase through 2050

Despite oil and oil-equivalent production rising by 3% (driven by shale liquids production in the Permian), the fall was largely due to lower crude prices. BP's net profit fell 39.7% - beating expectations on lower upstream earnings and weaker oil prices. Quarterly profits were down by 15%, with ...

Hui Shan


Posted 2 months agoLink > ConsumptionDemandLiquid Fuels +2

Associated gas contributes to growth in U.S. natural gas production

A growing share of U.S. natural gas production is associated-dissolved natural gas (natural gas produced from oil wells), which is the result of increased crude oil production from low permeability, tight rock formations—Permian, Bakken, Eagle Ford, Niobrara, and Anadarko. In 2018, associated-dis ...

Hui Shan


Posted 2 months agoLink > ProductionsupplyEIA

Most utility-scale batteries in the United States are made of lithium-ion

At the end of 2018, the United States had 862 MW of operating utility-scale battery storage power capacity and 1,236 MWh of battery energy capacity. In 2017, two vanadium flow battery systems were installed in the United States, totaling 4.4 MW of power capacity and 16 MWh of energy capacity. As ...

Hui Shan


Posted 2 months agoLink > StorageElectricitypower plants +1

The United States now exports crude oil to more destinations than it imports from

As U.S. crude oil export volumes have increased to an average of 2.8 million barrels per day (b/d) in the first seven months of 2019, the number of destinations (which includes countries, territories, autonomous regions, and other administrative regions) that receive U.S. exports has also increase ...

Hui Shan


Posted 2 months agoLink > exportsImportsCrude oil +5

Global energy consumption driven by more electricity in residential, commercial buildings

In countries that are not part of the Organization for Economic Cooperation and Development (non-OECD countries), EIA projects that energy consumed in buildings will grow by more than 2% per year, or about five times the rate of OECD countries. As the quality of life in emerging economies improve ...

Hui Shan


Posted 3 months agoLink > residentialCommercialConsumption +6

U.S. Federal Gulf of Mexico crude oil production to continue to set records through 2020

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 3 months agoLink > ProductionsupplyCrude oil +5

EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

World industrial sector energy use increases by more than 30% between 2018 and 2050 as consumption of goods increases. This increase is largely driven by non-OECD countries, where transportation energy consumption increases nearly 80% between 2018 and 2050. Worldwide renewable energy consumption ...

Hui Shan


Posted 3 months agoLink > ConsumptionDemandIEO +2

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 4 months 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 4 months agoLink > CoalElectricityrenewable +3