(Thu, 11 Apr 2019) During winter 2018â19, timely natural gas supply provided by imports of liquefied natural gas (LNG) at major regasification facilities serving New England played an important role in moderating natural gas prices in the region.
(Tue, 09 Apr 2019) Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in 2018, 1.6 million b/d (17%) higher than 2017 levels. In December 2018, monthly U.S. crude oil production reached 11.96 million b/d, the highest monthly level of crude oil production in U.S. history. U.S. crude oil production has increased significantly over the past 10 years, driven mainly by production from tight rock formations using horizontal drilling and hydraulic fracturing. EIA projects that U.S.
(Mon, 08 Apr 2019) During the past five years, only a small amount of new underground natural gas storage capacity was built in the Lower 48 states and no new storage facilities have entered operation in that time. EIA measures underground natural gas storage capacity in two ways: design capacity and demonstrated maximum working gas volume (or demonstrated peak). Both of these metrics showed decreases in 2018, with design capacity falling by 0.3%, or 13 Bcf, and demonstrated peak capacity falling by 1.2%, or 54 Bcf.
(Thu, 04 Apr 2019) Electricity routinely flows among the Lower 48 states and, to a lesser extent, between the United States and Canada and Mexico. From 2013 to 2017, Pennsylvania was the largest net exporter of electricity, sending an annual average of 59 million megawatthours (MWh) outside the state. California was the largest net importer, receiving an average of 77 million MWh annually.
(Wed, 03 Apr 2019) Natural gas spot prices at the Sumas trading point on the Canada-Washington border averaged $161.33 per million British thermal units (MMBtu) on Friday, March 1, the highest daily spot price recorded by Natural Gas Intelligence anywhere in the United States in at least five years. The price spike was caused by regional supply constraints and unseasonably cold temperatures.
(Tue, 02 Apr 2019) Gross inputs to U.S. petroleum refineries, also referred to as refinery runs, averaged 17.3 million barrels per day (b/d) in 2018, the highest annual average on record and the fifth consecutive year of record-high refinery runs. Refinery runs peaked in June at an average of 18.0 million b/d, with average weekly runs exceeding 18.0 million b/d during six weeks in 2018.
(Fri, 29 Mar 2019) Utilities implement demand-side management programs to help customers save energy. Energy efficiency programs, by far the largest demand-side management effort, offer customers incentives to increase efficiency and, therefore, decrease overall electricity demand. Demand response programs, another type of demand-side management, are implemented to decrease customer demand during times of very high system demand or emergencies.
(Thu, 28 Mar 2019) EIAâs Annual Energy Outlook 2019 (AEO2019) Reference case projects that U.S. tight oil production, which became the more common form of oil production in 2015, will continue to increase through 2030, ultimately reaching more than 10 million barrels per day (b/d) in the early 2030s. Tight oil production reached 6.5 million b/d in the United States in 2018, accounting for 61% of total U.S. production. EIA projects further U.S.
(Wed, 27 Mar 2019) A comprehensive report summarizing results from EIAâs <em>Short-Term Energy Outlook</em> and the <em>Annual Energy Outlook 2019</em> on the effects of changes to marine fuel sulfur limits on energy markets from 2020 onwards. The change in sulfur limits has wide-ranging repercussions for the global refining and shipping industries as well for petroleum supply, demand, trade flows, and prices.
(Wed, 27 Mar 2019) Despite U.S. working natural gas stocks that in the past would have been low enough to cause market activity that resulted in very high prices, recent prices of natural gas in the United States remain relatively low. Increasing natural gas production in the United States is likely the key factor that has moderated natural gas price increases given the level of Lower 48 natural gas storage inventories.
