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Crude Oil News

The International Energy Agency’s (IEA) net-zero nirvana is set up with pitfalls – by 50 to 100 years

July 30, 2021 Jay R. Young

The International Energy Agency’s (IEA) sustainable energy roadmap shows the difficulty that lies ahead in transforming global energy systems towards net-zero emissions. The roadmap also includes more measures to deal with climate change, such as […]

Crude Oil News

Why Norway Won’t Give Up On Oil & Gas

July 28, 2021 Stu Turley

Norway doesn’t have any second thoughts about oil exploration and investment in light of the International Energy Agency’s (IEA) report suggesting that no new fossil fuel exploration would be needed for a net-zero world. Western […]

U.S. coal exports
EIA News

Renewables became the second-most prevalent U.S. electricity source in 2020

July 28, 2021 Andy Del Prado

Source: U.S. Energy Information Administration (EIA), Monthly Energy Review Note: This graph shows electricity net generation in all sectors (electric power, industrial, commercial, and residential) and includes both utility-scale and small-scale (customer-sited, less than 1 megawatt) solar. In […]

U.S. coal exports
EIA News

Nonfossil fuel sources accounted for 21% of U.S. energy consumption in 2020

July 1, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, Monthly Energy Review Today in Energy would like to wish you a happy Fourth of July. New articles will resume on Tuesday, July 6. Primary energy consumption totaled 93 quadrillion British thermal units […]

powerlines - Justin Sullivan - Getty Images - Energy News Beat
EIA News

NERC report outlines potential electricity disruptions in the United States this summer

June 30, 2021 Andy Del Prado

Parts of the United States are at elevated or high risk for potential electricity emergencies this summer, according to the North American Electric Reliability Corporation’s (NERC) 2021 Summer Reliability Assessment. Summer peak electricity demand in […]

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

February 2021 weather triggers largest monthly decline in U.S. natural gas production

May 10, 2021 Andy Del Prado

In February 2021, a record-breaking cold snap hit the Lower 48 states. Extreme winter weather caused natural gas production freeze-offs and higher electricity and commodity prices, especially in the top energy-consuming state, Texas. The cold […]

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

Energy production in the United States fell by more than 5% in 2020

May 6, 2021 Andy Del Prado

In 2020, energy production in the United States fell to just below 96 quadrillion British thermal units (quads), down more than 5% from 2019’s record high, according to our Monthly Energy Review. In absolute terms, […]

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

U.S. spent nuclear fuel inventory steadily increased from 2013 through 2017

May 4, 2021 Andy Del Prado

The volume of spent nuclear fuel produced by nuclear power plants in the United States has steadily increased during the past few decades. The volume of spent nuclear fuel at the end of 2017 was […]

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

U.S. imports of biomass-based diesel increased 12% in 2020

May 4, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, Petroleum Supply Monthly (biodiesel and renewable diesel) U.S. imports of biomass-based diesel, which include biodiesel and renewable diesel, grew 12% in 2020 to more than 31,000 barrels per day (b/d), increasing for the second consecutive […]

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