Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), January 2024, and U.S. Census Bureau data As domestic consumption of U.S. coal declines in the near term, we expect exports to account for a larger share of […]
Crude oil prices today inched higher after the Energy Information Administration reported an inventory draw of 9.2 million barrels for the week to January 19. This compared with a draw of 2.5 million barrels for the previous week, whose […]
Data source: U.S. Energy Information Administration, Monthly Crude Oil and Natural Gas Production Crude oil production in the United States reached a record high in August 2023, led primarily by more production in Texas. In 2023, most […]
Data source: Global Trade Tracker Russia’s reliance on four, mainly Asian, countries to import its coal has increased since some countries implemented sanctions against Russia after it invaded Ukraine, according to Global Trade Tracker data. This […]
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2024 We expect average wholesale electricity prices for 2024 in most areas of the country to be close to or slightly lower than in 2023 because of […]
In our latest Short-Term Energy Outlook, we forecast that wind and solar energy will lead growth in U.S. power generation for the next two years. As a result of new solar projects coming on line […]
In our January Short-Term Energy Outlook (STEO), we expect average U.S. retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity. In 2025, we expect slightly reduced gasoline consumption to further […]
In-brief analysis January 11, 2024 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), January 2024 We expect the U.S. benchmark natural gas spot price at the Henry Hub to […]
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2024 We forecast average annual crude oil prices in 2024 and 2025 will remain near their 2023 average because we expect that global supply and […]
In-brief analysis January 9, 2024 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2024Note: Values for 2023 reflect historical data through October and estimates for November and December. We […]
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