All posts for EIA

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 1 day 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 4 days 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 8 days 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 10 days 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 15 days 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 23 days 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 24 days 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 29 days 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 1 month 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 2 months agoLink > Productionsupplynatural gas +3


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 2 months 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 2 months 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 2 months 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 3 months agoLink > ConsumptionDemandprices +5


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 3 months agoLink > ElectricityrenewableCoal +10