The world’s most-watched oil data report won’t be released this week due to a power problem. Oil prices, meanwhile, are climbing higher on Friday to cancel out losses from earlier in the week. Disruptions, disruptions, […]
Europe’s (the European Union and the United Kingdom) liquefied natural gas (LNG) imports set an all-time historical record high in April 2022, averaging 16.5 billion cubic feet per day (Bcf/d) monthly and exceeding 19.0 Bcf/d […]
In our latest Short-Term Energy Outlook (STEO), we expect prices this summer in wholesale electricity markets will significantly increase over last summer’s prices. We forecast that electricity prices in the Northeast regions (ISO New England, […]
Most combined-cycle power plants in the United States have duct burners that help them make additional use of combustion turbine exhaust gases. Combined-cycle power plants are the most prevalent technology used to generate electricity in […]
In our June 2022 Short-Term Energy Outlook (STEO), we forecast that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. We forecast […]
Nearly half of the energy consumed in U.S. buildings in 2021 was used for heating and cooling, according to modeled estimates in our Annual Energy Outlook 2022 (AEO2022) Reference case. An Issues in Focus analysis […]
In our June 2022 Short-Term Energy Outlook (STEO), we forecast that U.S. refinery utilization will be relatively high this summer in response to strong wholesale prices for petroleum products, such as diesel and gasoline, which […]
In our June 2022 Short-Term Energy Outlook (STEO), we forecast that U.S. natural gas spot prices will increase again this month and then remain high through the rest of 2022. Natural gas spot prices at […]
Annual financial reports by 119 publicly traded exploration and production companies show aggregate proved reserves of crude oil and natural gas increased by 19.2 billion barrels of oil equivalent (BOE) in 2021. A number of […]
During the first four months of 2022, the United States exported 74% of its liquefied natural gas (LNG) to Europe, compared with an annual average of 34% last year, according to our recently released Natural […]
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