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EIA News

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Crude
Crude Oil News

Crude oil prices increased in 2021 as global crude oil demand outpaced supply

January 4, 2022 Mariel Alumit

Skip to sub-navigation January 4, 2022 Source: Graph by the U.S. Energy Information Administration, based on data from Refinitiv Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a […]

Energy Most Expensive Commodity - ENB
EIA News

Energy prices rose more than other commodities in 2021

January 3, 2022 Mariel Alumit

January 3, 2022 Source: Chart by the U.S. Energy Information Administration, based on data from S&P Dow Jones and Bloomberg L.P. Energy prices used in the S&P Goldman Sachs Commodity Index (GSCI) ended 2021 59% […]

China
EIA News

Higher wages in China increase consumer demand but have a limited effect on energy use

December 22, 2021 Mariel Alumit

December 14, 2021 Source: U.S. Energy Information Administration, International Energy Outlook 2021, Issues in Focus: Changes in Composition of Economic Growth in China In the International Energy Outlook 2021 (IEO2021), Issues in Focus: Changes in […]

Saudi Aramco- offshore
Crude Oil News

Saudis Are Right to Warn of a Collapse in Oil Supply

December 19, 2021 Mariel Alumit

This won’t win me any friends among the green lobby, but Saudi Arabia’s Oil Minister Abdulaziz bin Salman is right to warn of a potential energy crisis resulting from falling investment in fossil fuels. Here’s why. The prince warned that worldwide […]

California Drought -ENB
EIA News

U.S. electric power sector’s use of water continued its downward trend in 2020

December 17, 2021 Mariel Alumit

Source: U.S. Energy Information Administration, Power Plant Operations Report The U.S. electric power sector’s cooling water withdrawals fell 10.5% from 53.1 trillion gallons in 2019 to 47.5 trillion gallons in 2020, continuing the downward trend in withdrawals. […]

U.S. coal exports
EIA News

EIA forecasts U.S. natural gas production will establish a new monthly record high in 2022

December 16, 2021 Mariel Alumit

Source: U.S. Energy Information Administration, Short-Term Energy Outlook In our December Short-Term Energy Outlook (STEO), we forecast that U.S. dry natural gas production will increase from 95.1 billion cubic feet per day (Bcf/d) in October 2021 to 97.5 Bcf/d by December […]

Colombia coal
Coal

Of the operating U.S. coal-fired power plants, 28% plan to retire by 2035

December 15, 2021 Mariel Alumit

Source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, September 2021 Although coal-fired power plants have no mandatory retirement age, power plant owners and operators have reported to EIA that they plan to retire 28%, or […]

U.S. coal exports
EIA News

Higher wages in China increase consumer demand but have a limited effect on energy use

December 14, 2021 Mariel Alumit

Source: U.S. Energy Information Administration, International Energy Outlook 2021, Issues in Focus: Changes in Composition of Economic Growth in China In the International Energy Outlook 2021 (IEO2021), Issues in Focus: Changes in Composition of Economic […]

No Picture
EIA News

Less production and more demand have reduced U.S. jet fuel inventories

December 13, 2021

On November 26, U.S. jet fuel inventories were at their lowest level since late 2014, according to data in our Weekly Petroleum Status Report. Refineries produced less jet fuel in October compared with this summer, […]

EIA News

U.S. liquefied natural gas export capacity will be world’s largest by end of 2022

December 10, 2021 Mariel Alumit

Source: U.S. Energy Information Administration, database of U.S. LNG export facilities U.S. liquefied natural gas (LNG) export capacity has grown rapidly since the Lower 48 states first began exporting LNG in February 2016. In 2020, the United States became the world’s […]

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