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EIA News

In 2020, natural gas exports and natural gas for electricity reached record highs

June 7, 2021

In 2020, both natural gas consumption by the U.S. electric power sector and natural gas exports reached record highs, despite a 2% annual decline in domestic dry natural gas production. Dry natural gas production doesn’t […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
CO2 & GHG

U.S. energy consumption in 2020 increased for renewables, fell for all other fuels

June 4, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, Monthly Energy Review Note: Click to enlarge. We recently updated our U.S. energy consumption by source and sector chart with 2020 data. All sources for U.S. energy consumption totaled 92.9 quadrillion British thermal units (quads) […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
Commodities

U.S. natural gas storage capacity has remained flat over the past eight years

June 3, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, Natural Gas Monthly and Underground Natural Gas Working Storage Capacity Underground natural gas working storage capacity in the Lower 48 states has remained relatively flat since 2012. We measure natural gas working storage capacity […]

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EIA News

Vietnam’s latest power development plan focuses on expanding renewable sources

June 2, 2021

In February 2021, the government of Vietnam released a draft of the country’s latest national power development plan, Power Development Plan 8 (PDP 8), for 2021 to 2030. The draft PDP 8 expands wind and […]

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EIA News

Agricultural feedstock costs drive RIN prices to all-time highs

June 2, 2021

The prices of renewable identification number (RIN) credits—the compliance mechanism used for the Renewable Fuel Standard (RFS) program administered by the U.S. Environmental Protection Agency (EPA)—sharply increased through April of this year, and they are […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
Downstream

U.S. average gasoline prices before Memorial Day are the highest since 2014

May 28, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update The average retail price for regular gasoline in the United States on May 24, the Monday before the Memorial Day weekend, was $3.02 per gallon (gal), the […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
EIA News

Major utilities’ spending on the electric distribution system continues to increase

May 27, 2021 Andy Del Prado

Source: Graph created by EIA, based on data from Federal Energy Regulatory Commission (FERC) Financial Reports, as accessed by Ventyx Velocity Suite Annual spending on electricity distribution systems by major U.S. utilities continues to increase. Utilities […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
EIA News

EIA lowers its forecast of India’s oil demand because of rising COVID-19 cases

May 26, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), April and May 2021 The rapid increase in COVID-19 cases in India has led to various travel restrictions, which reduced consumption of transportation fuels such as gasoline and diesel. […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
EIA News

EIA expects more electricity consumption this summer as economy recovers from pandemic

May 25, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) Our Summer 2021 Electricity Industry Outlook, a supplement of the Short-Term Energy Outlook, projects 1.5% more U.S. retail sales of electricity this summer than last summer. Much of the growth we […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
EIA News

U.S. natural gas generation in 2021 sees its first year-over-year decline in three years

May 24, 2021 Andy Del Prado

In the first four months of 2021, natural gas-fired generation in the Lower 48 states averaged 3,394 gigawatthours (GWh) per day, a nearly 7% decrease from the same period in 2020, according to data from […]

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