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OPEC Revenues Fact Sheet

(Tue, 20 Aug 2019) The U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned almost $711 billion in net oil export revenue in 2018; however, EIA forecasts annual OPEC net oil export revenue will decline to $593 billion in 2019 and to $556 billion in 2020 as a result of decreasing production among a number of OPEC producers.

EIA’s new State Energy Portal includes New England energy data for state and regional comparisons

(Fri, 02 Aug 2019) EIA’s new <em>State Energy Portal</em> is a complementary tool for New England Dashboard users to access state-level information. The New England Dashboard focuses mostly on regional data. The new portal provides direct access to all state-level U.S. energy data with interactive, customizable views of more than 150 charts, tables, and maps. EIA integrated all data, analysis, maps, and rankings from the existing State Energy Profiles into the new portal.

Working natural gas stocks are more than half full in all regions as the deficit to the five-year average declines

(Thu, 18 Jul 2019) The U.S. Energy Information Administration's (EIA) weekly estimates of natural gas storage capacity utilization published on July 12, 2019, exceed 50% in all regions for the second straight week. EIA updates estimates of underground storage capacity utilization by region each week in the Natural Gas Storage Dashboard. EIA created this metric to help analysts easily assess how full natural gas storage stocks are by region. The utilization estimate measures the weekly volume of working gas in a region compared with the amount of working gas capacity in a region.

Lower 48 natural gas injections into underground storage fields have been on a record-setting pace

(Tue, 02 Jul 2019) During the first 12 weeks of the 2019 summer refill season, which traditionally ranges from April 1 to October 31, net injections of working natural gas into underground storage fields in the Lower 48 states have set a record pace. Weekly net injections for the weeks ending April 5 through June 21, 2019 have totaled 1,171 billion cubic feet (Bcf), averaging about 98 Bcf per week. Cumulative net injections have exceeded the five-year average by 41%, reducing the current five-year average deficit by 314 Bcf.

EIA derives new estimate of New England nuclear plant utilization

(Mon, 24 Jun 2019) EIA adjusted its New England nuclear regional utilization rate on June 13, 2019, to account for the permanent closure of the Pilgrim Nuclear Power Station (Pilgrim) on May 31, 2019. New England has two remaining operating nuclear power plants—the Seabrook Station nuclear power plant in New Hampshire (summer-rated plant capacity of 1,251.4 megawatts) and the Millstone Nuclear Power Station in Connecticut (summer-rated plant capacity of 2,073.1 megawatts).

Entergy Corporation closes the Pilgrim Nuclear Power Station in Massachusetts

(Thu, 13 Jun 2019) On May 31, 2019, Entergy Nuclear Generation Company (Entergy), a business unit of Entergy Corporation, permanently closed its 679 (summer-weighted) megawatt (MW) Pilgrim Nuclear Power Station (Pilgrim) located along the shores of Cape Cod Bay. In October 2015, Entergy announced that Pilgrim was retiring because of the relative cost of operating the plant compared with the level of wholesale power prices in New England. Pilgrim started commercial operations in 1972, and it was the tenth-oldest nuclear plant in the United States at the time of its closing.

Angola Country Analysis Brief

(Fri, 07 Jun 2019) Angola is the second-largest oil producer in Africa, following Nigeria. Angola's economy depends heavily on hydrocarbon production, making its economy vulnerable to crude oil price swings.

U.S. working natural gas stocks deficit to the five-year average fall to lowest level since March 2018

(Mon, 03 Jun 2019) In the United States, working natural gas in storage in the Lower 48 states totaled 1,867 billion cubic feet (Bcf), or 257 Bcf less than the five-year average for the week ending May 24, 2019. This level is the smallest deficit to the preceding five-year average since December 29, 2017, when it totaled 192 Bcf. In 2019, the working natural gas deficit to the five-year average was largest when it was 565 Bcf for the week ending March 8.

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