MassiveIndustry

(Tue, 18 Sep 2018) Members of the Organization of the Petroleum Exporting Countries (OPEC) received about $567 billion in net oil export revenues in 2017, up 29% from revenues in 2016. Increases in both crude oil prices and in net OPEC oil exports drove revenues higher in 2017, and EIA expects that revenues will continue to increase in 2018, based on EIA’s August Short-Term Energy Outlook.

(Thu, 13 Sep 2018) Hurricane Florence is expected to make landfall near Myrtle Beach, South Carolina as a Category 3 storm on Saturday. The storm’s high winds and heavy rainfall are likely to affect energy infrastructure throughout the region, particularly for electricity transmission and distribution, while widespread evacuations and disruptions to normal business operations could alter electricity demand and supply and demand patterns for transportation fuels.

(Wed, 12 Sep 2018) The United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s Short-Term Energy Outlook (STEO). In February, U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the United States surpassed Russia in crude oil production for the first time since February 1999.

(Tue, 11 Sep 2018) Hydroelectricity represented the largest share of electricity generation among renewable sources in 28 states in 2007 but retained that status in only 19 states in 2017 as wind and solar became more common. Wind was the most prevalent renewable electricity generation source in 16 states in 2017, and solar was the most prevalent renewable generation source in 7 states.