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EIA expects U.S. net natural gas exports to almost double by 2021

EIA's U.S. crude oil production forecast is based on the West Texas Intermediate (WTI) price forecast in the January 2020 STEO, which rises from an average of $57 per barrel (b) in 2019 to an average of $59/b in 2020 and $62/b in 2021. Because EIA forecasts WTI prices will decline during the firs ...

Hui Shan


Posted 4 days agoLink

EIA forecasts U.S. crude oil production growth to slow in 2021

EIA's U.S. crude oil production forecast is based on the West Texas Intermediate (WTI) price forecast in the January 2020 STEO, which rises from an average of $57 per barrel (b) in 2019 to an average of $59/b in 2020 and $62/b in 2021. Because EIA forecasts WTI prices will decline during the firs ...

Hui Shan


Posted 4 days agoLink > Crude oilOilpetroleum +3

EIA projects less than a quarter of the world’s electricity generated from coal by 2050

According to the U.S. Energy Information Administration's (EIA) International Energy Outlook 2019 (IEO2019), global electric power generation from renewable sources will increase more than 20% throughout the projection period (2018–2050), providing almost half of the world's electricity generation ...

Hui Shan


Posted 5 days agoLink

EIA expects U.S. energy-related CO2 emissions to decrease annually through 2021

However, EIA expects a 1.7% decline in natural gas-related CO2 in 2021 because of warmer winter weather and less demand for natural gas for heating. EIA expects coal-related CO2 will decline by 10.8% in 2020 after declining by 12.7% in 2019 because of low natural gas prices. EIA estimates that c ...

Hui Shan


Posted 7 days agoLink

Your Weekly Update: 13 - 17 January 2020

In the U.S. Energy Information Administration's (EIA) January Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 (Figure 1). EIA forecasts an average global stock build of 520,000 b/d in the first half of t ...

Hui Shan


Posted 11 days agoLink

EIA forecasts slower growth in natural gas-fired generation while renewable energy rises

In the U.S. Energy Information Administration's (EIA) January Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 (Figure 1). EIA forecasts an average global stock build of 520,000 b/d in the first half of t ...

Hui Shan


Posted 11 days agoLink

EIA forecasts that crude oil prices will fall during the first half of 2020, then increase through 2021

Options for the oil and gas sectorTo play its part in mitigating climate change to the degree required, the oil and gas sector must reduce its emissions by at least 3.4 gigatons of carbon-dioxide equivalent (GtCO2e) a year by 2050, compared with “business as usual” (currently planned policies or t ...

Hui Shan


Posted 12 days agoLink

EIA expects lower natural gas prices in 2020 as production outpaces demand

Options for the oil and gas sectorTo play its part in mitigating climate change to the degree required, the oil and gas sector must reduce its emissions by at least 3.4 gigatons of carbon-dioxide equivalent (GtCO2e) a year by 2050, compared with “business as usual” (currently planned policies or t ...

Hui Shan


Posted 12 days agoLink

Oil Prices Refocus Back To Supply Issues

Options for the oil and gas sectorTo play its part in mitigating climate change to the degree required, the oil and gas sector must reduce its emissions by at least 3.4 gigatons of carbon-dioxide equivalent (GtCO2e) a year by 2050, compared with “business as usual” (currently planned policies or t ...

Hui Shan


Posted 13 days agoLink

SHORT-TERM ENERGY OUTLOOK

Options for the oil and gas sectorTo play its part in mitigating climate change to the degree required, the oil and gas sector must reduce its emissions by at least 3.4 gigatons of carbon-dioxide equivalent (GtCO2e) a year by 2050, compared with “business as usual” (currently planned policies or t ...

Hui Shan


Posted 13 days agoLink

The future is now: How oil and gas companies can decarbonize

Options for the oil and gas sectorTo play its part in mitigating climate change to the degree required, the oil and gas sector must reduce its emissions by at least 3.4 gigatons of carbon-dioxide equivalent (GtCO2e) a year by 2050, compared with “business as usual” (currently planned policies or t ...

Hui Shan


Posted 13 days agoLink

Toward a net-zero future: Decarbonizing upstream oil and gas operations

A trio of emission-intensity driversStudying the emission intensity of upstream oil and gas assets reveals that three structural factors drive their “well to pipe” emission intensity. Third, routine flaring and venting, if prevalent, can contribute 40 percent of the carbon intensity of hydrocarbo ...

Hui Shan


Posted 13 days agoLink

U.S. oil and natural gas proved reserves and production set new records in 2018

Just as quickly as they spiked, crude oil prices have now fallen back to their lowest levels in 6 weeks, trading at the subdued levels seen in late November before the OPEC+ club announced its renewed oil supply deal. Despite assassinations, embassy stormings and ballistic missile retaliations, t ...

Hui Shan


Posted 13 days agoLink > ProductionsuppplyReserves +5

Your Weekly Update: 6 - 10 January 2020

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 18 days agoLink > oil and gas companiesHydrocarbonweekly news update +1

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 18 days agoLink > pricesnatural gasEIA