The American Petroleum Institute (API) estimated the inventory draw this week for crude oil to be 2.025 million barrels after analysts predicted a build of 675,000 barrels. U.S. crude inventories shed some 78 million barrels since […]
Source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report After starting the winter heating season (November–March) below its previous five-year average, Lower 48 working natural gas in storage surpassed its five-year average in mid-December during one […]
January 27, 2022 Source: U.S. Energy Information Administration, Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2020 Because of lower oil prices in the first year of the COVID-19 pandemic, […]
Where did all the oil go? According to the latest estimates, the world should still be awash in oil stockpiles built up during the pandemic. But that’s not what the actual data on oil supplies […]
January 11, 2022 Source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, October 2021 Operators have scheduled 14.9 gigawatts (GW) of electric generating capacity to retire in the United States during 2022, according to […]
January 10, 2022 Source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, October 2021 In 2022, we expect 46.1 gigawatts (GW) of new utility-scale electric generating capacity to be added to the U.S. power […]
January 7, 2022 Source: Graph by the U.S. Energy Information Administration, based on S&P Global Market Intelligence data Average wholesale prices for electricity at major trading hubs in the United States were higher in 2021 […]
January 6, 2022 Source: Graph by the U.S. Energy Information Administration, based on data from Refinitiv The wholesale spot price for natural gas at the Henry Hub in Louisiana (the U.S. benchmark for natural gas […]
January 5, 2022 Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Rising crude oil prices and increased gasoline demand contributed to the average U.S. retail price for regular grade gasoline increasing to $3.01 […]
The U.S. was the world’s biggest exporter of liquefied natural gas last month for the first time ever, as projects ramped up production and deliveries surged to energy-starved Europe. Output from American facilities edged above […]
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