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EIA

U.S. refinery capacity decreased during 2021 for second consecutive year
EIA News

U.S. refinery capacity decreased during 2021 for second consecutive year

July 1, 2022

Operable atmospheric crude oil distillation capacity, our primary measure of refinery capacity in the United States, totaled 17.9 million barrels per calendar day as of January 1, 2022, down 1% from the beginning of 2021. […]

Significant volumes of gasoline and distillate move from the Gulf Coast to the East Coast
EIA News

Significant volumes of gasoline and distillate move from the Gulf Coast to the East Coast

July 1, 2022

The U.S. Gulf Coast is a key supplier of motor gasoline and distillate fuel to the U.S. East Coast. During March 2022, the East Coast received an average of 1.9 million barrels per day (b/d) […]

Developers plan to add 6 gigawatts of U.S. offshore wind capacity through 2029
EIA News

Developers plan to add 6 gigawatts of U.S. offshore wind capacity through 2029

July 1, 2022

Power plant developers and operators have reported plans to install more than 6 gigawatts (GW) of offshore wind capacity at sites mostly along the U.S. eastern seaboard over the next seven years, according to our […]

U.S. crude oil
Top News

U.S. crude oil inventories decrease by 2.8 million barrels

June 29, 2022 Clark Savage

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.8 million barrels from the previous week.  At 415.6 million barrels, U.S. crude oil inventories are about 13% below the five […]

Refinary
Downstream

US refining capacity falls to lowest mark in 8 years amid record prices: EIA

June 27, 2022 Clark Savage

The nation’s capacity to refine crude oil into fuel and other products fell below 18 million b/d at the beginning of 2022 and hit its lowest level since 2014, according to the federal government’s annual […]

EIA expects nine new Gulf of Mexico natural gas and crude oil fields to start in 2022
EIA News

EIA expects nine new Gulf of Mexico natural gas and crude oil fields to start in 2022

June 26, 2022

In our June 2022 Short-Term Energy Outlook (STEO), we forecast that new fields coming online in 2022 will account for 5% of natural gas production and 14% of crude oil production in the U.S. Federal […]

Fire causes shutdown of Freeport liquefied natural gas export terminal
EIA News

Fire causes shutdown of Freeport liquefied natural gas export terminal

June 26, 2022

On June 8, 2022, a fire at Freeport LNG’s natural gas liquefaction plant on the Gulf Coast in South Texas led to the full shutdown of the facility. The shutdown of Freeport LNG will reduce […]

Two new U.S. crude oil pipeline projects have been completed this year
EIA News

Two new U.S. crude oil pipeline projects have been completed this year

June 26, 2022

As of June 3, 2022, pipeline companies completed two crude oil pipeline projects in the United States, according to our recently updated Liquids Pipeline Projects Database. No new hydrocarbon gas liquids or petroleum product pipeline […]

EIA estimates show a decrease in global surplus crude oil production capacity in 2022
EIA News

EIA estimates show a decrease in global surplus crude oil production capacity in 2022

June 26, 2022

Our new report, titled Global Surplus Crude Oil Production Capacity, provides estimates of global surplus crude oil production capacity in both OPEC countries and non-OPEC countries. Preliminary estimates for these data show that, as of […]

Crude Oil News

Oil Prices Bounce As EIA Fails To Publish Inventory Data

June 25, 2022 Clark Savage

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, […]

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