Source: Graph by the U.S. Energy Information Administration, based on data from Bloomberg The U.S. price of ammonia, the primary source of nitrogen fertilizer, has risen by a factor of six in the past two years, […]
Warmer than usual spring weather, expectations of a hotter summer, and record LNG exports to help Europe reduce dependence on Russian gas could send the U.S. benchmark natural gas prices to above $10 per million […]
Weekly U.S. crude oil production figures by the Energy Information Administration are a closely watched data set, but monthly production figures—which lag by months—often are seen as painting a more accurate picture of true production. […]
The Energy Information Administration on Tuesday lowered its average global petroleum and liquid fuels consumption forecast for 2022 to 99.8 million barrels per day from the previous forecast of 100.6 million barrels a day. For […]
Domestic crude oil production edged upward last week, the U.S. Energy Information Administration (EIA) reported Wednesday. For the week ending April 1, U.S. crude oil production increased by 100,000 b/d to 11.8 million b/d, according […]
In U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2022 (AEO2022) Reference case, which reflects current laws and regulations, EIA projects that the share of U.S. power generation from renewables will increase from 21% in 2021 to 44% […]
Source: Graph by the U.S. Energy Information Administration, based on data from CEDIGAZ In 2021, a large share of Europe’s supply of liquefied natural gas (LNG) originated in the United States, Qatar, and Russia. Combined, these […]
Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the […]
Oil consumption could surge more than previously expected and reach record levels this year, a global energy watchdog said, as restrictions to combat the coronavirus ease faster than anticipated, global economic growth mounts and pent-up […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), February 2022 In our February 2022 Short-Term Energy Outlook (STEO), we forecast that crude oil prices will remain high enough to drive U.S. crude oil production […]
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