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California leads the United States
EIA News

Energy production declined by record amounts in several states in 2020

August 11, 2022 Clark Savage

In 2020, energy production in the United States fell by record amounts compared with 2019, mostly as a result of decreased economic activity during the COVID-19 pandemic. Wyoming had the largest drop in total energy […]

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

EIA’s Weekly Petroleum Status Report provides a snapshot of petroleum balances

August 11, 2022 Clark Savage

EIA’s Weekly Petroleum Status Report (WPSR) provides our most comprehensive data for weekly U.S. crude oil and refined petroleum product balances. Each week, WPSR provides detailed regional and national supply information on crude oil and […]

Russia's Gazprom
EIA News

Russia’s natural gas pipeline exports to Europe decline to almost 40-year lows

August 11, 2022 Clark Savage

Russia’s natural gas exports by pipeline to the European Union (EU) and the United Kingdom (UK) declined by almost 40% during the first seven months of 2022 compared with the same period in 2021 and […]

California leads the United States
EIA News

Utility-scale solar projects report delays

August 11, 2022 Clark Savage

Power plant developers plan to install 17.8 gigawatts (GW) of utility-scale solar photovoltaic (PV) generating capacity in 2022, according to our June 2022 Preliminary Monthly Electric Generator Inventory. Over the first six months of 2022, […]

oil prices
Finance

Oil Continues To Fall On EIA Data The Daily Financial Trends

August 11, 2022 Stu Turley

During early Asian trading, oil prices fell, as traders considered rising inventories and diminishing demand. Brent crude futures dropped 53 cents, or 0.5%, to $96.87 per barrel by 0005 GMT, as U.S. West Texas Intermediate […]

U.S. Gasoline
Commodities

U.S. Gasoline Demand Falls Below 2020 But There Are Far More Questions Than Answers

August 5, 2022 Clark Savage

Summary EIA reported that the U.S. implied gasoline demand on a 4-week basis is now below 2020. This raises far more questions than answers, as all the other empirical data suggests otherwise. While we do […]

Several refining projects are scheduled in Asia and the Middle East
EIA News

Several refining projects are scheduled in Asia and the Middle East

August 5, 2022 Clark Savage

In Asia and the Middle East, at least nine refinery projects are beginning operations or are scheduled to come online before the end of 2023. At their current planned capacities, they will add 2.9 million […]

U.S. propane spot prices have declined from multiyear highs
EIA News

U.S. propane spot prices have declined from multiyear highs

August 5, 2022 Clark Savage

After reaching multiyear highs in March, propane spot prices at the Mont Belvieu distribution hub in Texas have steadily declined. Propane prices reached $1.64 per gallon (gal) for the week ending March 11, 2022, the […]

Pipeline projects announced to expand Permian natural gas capacity
EIA News

Pipeline projects announced to expand Permian natural gas capacity

August 5, 2022 Clark Savage

Our latest Natural Gas Pipeline Project Tracker includes five new projects–our newly announced projects and one project under construction–since the last update in April 2022. Of the four new projects, three will expand capacity for […]

The U.S. power grid added 15 GW of generating capacity in the first half of 2022
EIA News

The U.S. power grid added 15 GW of generating capacity in the first half of 2022

August 5, 2022 Clark Savage

According to our latest inventory of electric generators, 15 gigawatts (GW) of new utility-scale electric generating capacity came online in the United States during the first half of 2022. Based on the most recently reported […]

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