A heat wave in the Northwest United States in late June led to more regional demand for electricity. During periods of high temperatures, electricity demand increases as people turn up their air conditioners, dehumidifiers, fans, […]
Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020. So far this year (as of July 9, 2021), U.S. crude oil exports have averaged 3.00 million barrels per […]
Source: U.S. Energy Information Administration, International Energy Statistics Note: Petroleum includes crude oil, condensate, and natural gas plant liquids. More petroleum and natural gas was produced in the United States than in any other country during 2020 (a […]
The world needs the OPEC+ group to open the taps further to balance the oil market in the coming months, on that everyone agrees. But there’s less unanimity on just how much more crude they will have to […]
Average U.S. construction costs for solar and wind generation continue to fall Source: U.S. Energy Information Administration, Electric Generator Construction Costs and Annual Electric Generator Inventory According to 2018 data from the U.S. Energy Information Administration (EIA) for newly […]
In the July Short-Term Energy Outlook (STEO), we forecast the Brent crude oil price will average $72 per barrel (b) in the second half of 2021 (2H21) and $67/b in 2022, both $6/b higher than […]
In 2020, U.S. coal production fell to its lowest level since 1965 Source: U.S. Energy Information Administration, Annual Coal Report U.S. coal production totaled 535 million short tons (MMst) in 2020, a 24% decrease from the 706 […]
Source: U.S. Energy Information Administration, Drilling Productivity Report (DPR), based on data from Enverus In 2020, U.S. initial crude oil production per well, or well production efficiency, increased significantly in the Bakken region, according to our Drilling Productivity Report (DPR), […]
Source: U.S. Energy Information Administration, Southern California Daily Energy Report We provide daily information on the Southern California energy market in our Southern California Daily Energy Report, which uses several of our data sources as well as third-party […]
Global trade in liquefied natural gas (LNG) in 2020 remained essentially unchanged from 2019, averaging 46.9 billion cubic feet per day (Bcf/d) compared with 46.7 Bcf/d in 2019, according to the recently released The LNG […]
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