We increased our forecast prices for crude oil and petroleum products for the remainder of 2024 in our March Short-Term Energy Outlook (STEO) following the announcement that OPEC+ will extend the existing voluntary production cuts through the second quarter of 2024. […]
Source: Graph created by the U.S. Energy Information Administration, based on data from Natural Gas Intelligence and S&P Capital IQ The spot natural gas price at the Algonquin Citygate, a trading hub and the benchmark for […]
Source: Graph by U.S. Energy Information Administration, based on state administrative data collected by Enverus Drillinginfo Inc. Dry natural gas production from shale formations in the Appalachian Basin that spans Pennsylvania, West Virginia, and Ohio has been growing since […]
Source: U.S. Energy Information Administration, State Energy Data System In 2019, the top six primary energy-producing states—Texas, Pennsylvania, Wyoming, Oklahoma, West Virginia, and North Dakota—accounted for 55 quadrillion British thermal units (quads), or 55% of all of […]
Source: U.S. Energy Information Administration, Monthly Energy Review Note: Click for full U.S. CO2 emissions chart. In 2020, as the country responded to the COVID-19 pandemic, CO2 emissions from energy consumption in the United States fell to the lowest level since […]
Last weekend, a major winter weather system characterized by extreme cold spread across much of the central United States, disrupting energy systems and causing serious health and safety issues, particularly in Texas. At the same […]
In August 2020, the Federal Offshore Gulf of Mexico (GOM) saw its largest monthly decrease in production of crude oil since September 2008, dropping by 453,000 barrels per day (b/d), or 27%. Production of crude […]
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