If electric vehicles, which rely wholly or partly on electricity stored in batteries as their source of energy, revolutionize road transport in the way many expect, demand for lithium will rise exponentially. China will be at the forefront of this.
(Fri, 22 Jun 2018) In 2017, a group of the worldâs largest publicly traded oil and natural gas producers added more hydrocarbons to their resource base than in any year since 2013, according to the annual reports of 83 exploration and production companies. Collectively, these companies added a net 8.2 billion barrels of oil equivalent (BOE) to their proved reserves during 2017, which totaled 277 billion BOE at the end of the year.
Steel consumers and producers in the US are duking it out. The battle is mostly under the radar and in the back rooms and alleys surrounding the Trump administration’s chaotic trade policy.
(Thu, 21 Jun 2018) Every month, EIA collects information about all utility-scale power plants in the United States, including planned projects reported by developers. EIA relies on information reported by developers and plant owners to track electricity generating capacity, upcoming retirements, and planned new capacity on a monthly basis.
(Thu, 21 Jun 2018) Venezuela holds the largest oil reserves in the world and used to rank among worldâs largest petroleum producers. However, in the wake of political and economic instability in the country, crude oil production has dramatically decreased, reaching a multi-decades low in mid-2018.
(Wed, 20 Jun 2018) U.S. electric utilities reported spending $3.6 billion on energy efficiency customer incentives in 2016, or an average of $24 per customer, according to EIAâs survey of electric power sales, revenue, and energy efficiency. Energy efficiency spending is reported on an incremental basis, reflecting new programs operating for the first time in 2016 (including start-up costs) or new participants in existing programs.
(Tue, 19 Jun 2018) U.S. natural gas plant liquids (NGPL) production has nearly doubled since 2010, outpacing the rate of natural gas production growth and setting an annual record of 3.7 million barrels per day (b/d) in 2017. NGPLs are produced at natural gas processing plants, which separate liquids from raw natural gas to produce pipeline-quality dry natural gas. Marketed natural gas includes both NGPLs and dry natural gas.
(Mon, 18 Jun 2018) Autonomous vehicles are one of the main sources of uncertainty in the future of U.S. transportation energy consumption, as autonomous vehicle technology has the potential to change travel behavior, vehicle design, energy efficiency, and vehicle ownership. Analysis in EIAâs <em>Annual Energy Outlook 2018</em> (AEO2018) shows that the widespread adoption of autonomous vehicles could increase overall light-duty vehicle travel and, depending on how those vehicles are powered, lead to slightly higher transportation energy consumption
The longer China delays publishing its detailed trade data for April, the more it is feeding speculation about the possible ulterior motives behind withholding the numbers, and hurting credibility.
(Fri, 15 Jun 2018) In the June 2018 update of its <em>Short-Term Energy Outlook</em> (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $68/b in 2019. The updated 2019 forecast price is $2/b higher than in the May STEO. Brent crude oil spot prices averaged $77/b in May, an increase of $5/b from April and the highest monthly average price since November 2014. West Texas Intermediate (WTI) prices are forecast to average almost $7/b lower than Brent prices in 2018 and $6/b lower in 2019.
