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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 […]

Price
EIA News

EIA projects global consumption will outpace efficiency gains in most cases

October 11, 2023 Mariel Alumit

October 11, 2023 Data source: U.S. Energy Information Administration, International Energy Outlook 2023 (IEO2023) In our International Energy Outlook 2023 (IEO2023), we project that global energy-related CO2 emissions will increase by 2050 in a number […]

Price
EIA News

U.S. crude oil exports reached a record high in first half of 2023

October 10, 2023 Mariel Alumit

 October 10, 2023 Data source: U.S. Energy Information Administration, Petroleum Supply Monthly U.S. crude oil exports in the first half of 2023 averaged 3.99 million barrels per day (b/d), which is a record […]

Price
EIA News

Peak hourly U.S. electricity demand in July was the second highest since 2016

October 5, 2023 Mariel Alumit

October 5, 2023 Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor On July 27, 2023, peak hourly electricity demand in the continental United States reached 741,815 megawatthours (MWh). This peak was the second […]

Price
EIA News

U.S. construction costs dropped for solar, wind, and natural gas-fired generators in 2021

October 3, 2023 Mariel Alumit

 October 3, 2023 Data source: U.S. Energy Information Administration, Electric Generator Construction Costs and Annual Electric Generator Report The average construction costs for solar photovoltaic systems, wind turbines, and natural gas-fired electricity generators […]

Price
EIA News

U.S. petroleum product exports set new record in the first half of 2023

October 2, 2023 Mariel Alumit

 October 2, 2023 Data source: U.S. Energy Information Administration, Petroleum Supply Monthly U.S. petroleum product exports totaled nearly 6.0 million barrels per day (b/d) in the first half of 2023, 2% more than […]

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