(Thu, 16 Nov 2017) EIA hosted a webinar discussing trends in U.S. crude oil production during 2017 and the implications for 2018 and 2019. Presenters included: Artem Abramov (Rystad Energy), Phillip Dunning (Drillinginfo), Harold Hamm (Continental Resources), and John Staub (EIA).
(Wed, 15 Nov 2017) In its November <em>Short-Term Energy Outlook</em> (STEO), EIA forecasts the price difference between West Texas Intermediate (WTI) crude oil priced at Cushing, Oklahoma, and Brent, the global crude oil price benchmark, to remain at $6 per barrel (b) through the first quarter of 2018 before narrowing to $4/b during the second half of 2018.
The iron ore forward curve has made history in November by recording the longest period of contango* in its brief existence.
(Tue, 14 Nov 2017) Russia exported more than 5.2 million barrels per day (b/d) of crude oil and condensate and more than 2.4 million b/d of petroleum products in 2016, mostly to countries in Europe. Exports of crude oil and petroleum products represented nearly 70% of total Russian petroleum liquids production in 2016.
Ever closer relations between Saudi Arabia and Russia, the world’s two largest oil exporters, look like a nightmare for China, the world’s largest oil importer. However, as the originator of demand in a world where peak oil consumption hovers on the horizon, it is Beijing that ultimately holds the whip hand.
(Mon, 13 Nov 2017) Carbon dioxide (CO2) emissions associated with coal consumption in the United States fell by a record 231 million metric tons in 2015. More than 60% of the annual decrease occurred in 10 states, led by Texas, Indiana, Ohio, Illinois, and Pennsylvania, according to EIAâs state-level carbon dioxide emissions data.
A small energy company from Montana is charging Puerto Rico for repair work to power lines at a rate that industry experts say is far above the norm.
Two powerful industries, plastic and iron, are locked a lobbying war over the estimated $300 billion that local governments will spend on water pipes over the next decade.
(Thu, 09 Nov 2017) In August 2017, coal stockpiles at electric power plants were 144 million tons, the lowest monthly level since late 2014, according to EIAâs <em>Electric Power Monthly</em>. Coal stockpiles at U.S. coal-fired power plants typically follow a seasonal pattern of increasing during the spring and fall, when electricity demand is relatively low, and decreasing during the summer and winter, when electricity demand is relatively high
(Thu, 09 Nov 2017) The power plant data file (2_Plant_Y2016) now includes:<br />
⢠Identification of plant-level energy storage capabilities including the distinction of natural gas storage type as liquefied natural gas<br />
⢠Identification of the Local Distribution Company (LDC) connected to natural gas burning power plants<br />
⢠The name(s) of the owner or operator of each natural gas pipeline that connects directly to this facility or that connects to a lateral pipeline owned by this facility<br />
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