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EIA News

The number of operating U.S. natural gas rigs has declined 24% since start of 2023

October 25, 2023 Mariel Alumit

October 25, 2023 Data source: Baker Hughes Company On October 20, the Baker Hughes Company reported 118 natural gas-directed rigs were active in the United States, a decrease of 38 rigs since the start of […]

Biofuel

Market prices for Renewable Fuel Standard credits are falling

October 24, 2023 Mariel Alumit

October 24, 2023 Data source: Oil Price Information Service and U.S. Bureau of Labor Statistics, Consumer Price Index The prices of ethanol (D6) and biomass-based diesel (D4) renewable identification number (RIN) credits—the compliance mechanism used […]

No Picture
EIA News

Market prices for Renewable Fuel Standard credits are falling

October 24, 2023

 October 24, 2023 Data source: Oil Price Information Service and U.S. Bureau of Labor Statistics, Consumer Price Index The prices of ethanol (D6) and biomass-based diesel (D4) renewable identification number (RIN) credits—the compliance […]

Price
EIA News

Venezuela’s heavy crude oil output increases are limited following U.S. sanctions relief

October 23, 2023 Mariel Alumit

October 23, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) effectively lifted most U.S. sanctions on Venezuela’s energy sector on […]

Price
EIA News

Average U.S. natural gas bills expected to decrease this winter

October 19, 2023 Mariel Alumit

October 19, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), Winter Fuels Outlook We forecast lower average natural gas bills for U.S. consumers that heat their homes primarily with natural gas this […]

Price
Crude Oil News

High Permian well productivity, crude oil prices drive U.S. natural gas production growth

October 18, 2023 Mariel Alumit

October 18, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, September 2023 We estimate that U.S. marketed natural gas production in the Lower 48 states (L48) will grow by 5% (5.0 billion cubic […]

Price
EIA News

U.S. summer nuclear outages rose in 2023, returning to 2021 levels

October 17, 2023 Mariel Alumit

October 17, 2023 Data source: U.S. Energy Information Administration, Status of U.S. Nuclear Outages, based on U.S. Nuclear Regulatory Commission data Outages of U.S. nuclear generating capacity averaged 3.1 gigawatts (GW) per day during the […]

Price
EIA News

New natural gas-fired capacity additions expected to total 8.6 gigawatts in 2023

October 16, 2023 Mariel Alumit

October 16, 2023 Data source: U.S. Energy Information Administration, Monthly Electric Generator Inventory Note: Data for 2023 include the Big Bend power plant, which, after a two-phased modernization project, began partial operations in 2021 and […]

Crude Oil News

USA EIA Releases Latest Brent Oil Price Forecasts

October 14, 2023 Mariel Alumit

The U.S. Energy Information Administration (EIA) has revealed its latest Brent spot average price forecasts for 2023 and 2024 in its October short term energy outlook (STEO), which was released this week. According to the […]

Price
EIA News

EIA expects most U.S. households will spend less on energy this winter

October 12, 2023 Mariel Alumit

October 12, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook: Winter Fuels Outlook We expect U.S. households that use natural gas and those that are located in the West (regardless of fuel type)—together […]

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