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EIA forecasts natural gas inventories will reach record levels later this year

Forecast growth in demand for U.S. petroleum and other liquids is not driven by transportation and not supplied by refineriesThe U.S. Energy Information Administration's (EIA) February Short-Term Energy Outlook (STEO) forecasts that in 2021, U.S. consumption (as measured by product supplied) of to ...

Hui Shan

Posted 1 month agoLink > forecastsProjectionsnatural gas +4

Natural gas and wind forecast to be fastest growing sources of U.S. electricity generation

These changes in capacity contribute to EIA's forecast that natural gas will fuel 39% of electricity generation in the PJM region in 2020, up from a share of 31% in 2018. EIA forecasts the Henry Hub natural gas price will fall by 21% in 2019, which contributes to EIA's expectation that ERCOT's na ...

Hui Shan

Posted 6 months agoLink > generationforecastsProjections +8

The Race to the World’s Largest Crude Producer

  According to the US Energy Department, US crude production hit 11 million barrels per day in early July. This was always seen as an inevitability, but the speed at which the mark has been achieved has been astonishing. It was only eight months ago in November 2017 that the US production reache ...

Easwaran Kanason

Posted 1 year agoOpinion > Crude Oil PriceDemandsupply +5

Counting Down to Vienna

  Almost everyone seems to agree that US$80/b – at least in this current environment – is not conducive for the oil business. While oil producing countries are reaping benefits right now, they are also worried that prices sustaining at this level will cause demand destruction in key markets like ...

Easwaran Kanason

Posted 1 year agoOpinion > oil priceViennaDemand +7

The State of the Industry: Q1 2018

  The first quarter of 2018 has proven to be a continuation of an upswing that settled in over 2017, at least according to the financial results of the supermajors. Aggressive cost-cutting from the past paired with a consistent rise in crude prices over the first quarter has contributed to reven ...

Easwaran Kanason

Posted 1 year agoOpinion > Nrgedge articleOil and Gasoil industry +8

The 2018 NrgEdge Oil & Gas Industry Outlook

Part 1 Two things are certain in 2018 in the oil markets. In June, OPEC will convene in Vienna where it will announce that the global oil markets are almost in balance, outlining an exit strategy where the 14 country block and the Russia-led NOPEC block will eliminate strict targets but agree to ...

Easwaran Kanason

Posted 2 years agoOpinion > oil priceDemandsupply +5