A couple of weeks ago, Sweden’s government ditched plans to go all-in on “green energy,” green-lighting the construction of new nuclear power plants. Shortly afterward, fossil fuel giant Shell announced it was scaling back its energy transition […]
July 24, 2023 Data source: Refinitiv Eikon The average monthly spot natural gas price at the U.S. benchmark Henry Hub fell 34%, or $1.12 per million British thermal units (MMBtu), to $2.18/MMBtu between January and […]
July 19, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, July 2023 Note: WTI=West Texas Intermediate We forecast higher crude oil prices in the second half of 2023 and into 2024 in our […]
July 18, 2023 Data source: U.S. Energy Information Administration, Weekly Petroleum Status Report U.S. gasoline inventories have been rising following a low this year of 216 million barrels (8% below the previous five-year average) on […]
July 17, 2023 Data source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report Working natural gas inventories totaled 2,930 billion cubic feet (Bcf) in the Lower 48 states as of July 7, according to […]
July 13, 2023 Data source: U.S. Energy Information Administration, UPLAN model simulation of ERCOT power market, and Potomac Economics, State of the Market Report for the ERCOT Electricity Market, May 2023 We project combined wind […]
Forecast overview U.S. economy. Our forecast assumes U.S. GDP growth of 1.5% in 2023 and 1.3% in 2024, which is revised up from last month’s forecast of 1.3% in 2023 and 1.0% in 2024. The upward […]
July 11, 2023 Data source: Evaluate Energy International proved crude oil and natural gas reserves held by 187 publicly traded global exploration and production (E&P) companies declined by 5.6 billion barrels of oil equivalent (BOE) […]
July 6, 2023 Data source: U.S. Energy Information Administration and Enverus In southeastern New Mexico, horizontal wells in Lea and Eddy counties drove much of the recent growth in Permian Basin crude oil output. Output […]
June 29, 2023 Data source: U.S. Energy Information Administration, Monthly Energy Review Primary energy consumption in the United States was 100.4 quadrillion British thermal units (quads) in 2022, a 3% increase from 2021. About 21% […]
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