U.S. oil demand continues its upward trajectory—reaching a record high last week–while product inventories have fallen to the lowest levels in three years. If the demand trend holds, oil prices have room to rise even […]
Source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, December 2020 The United States continued a trend of significant growth in large-scale battery storage capacity in 2020, when year-end U.S. battery power capacity reached 1,650 megawatts […]
According to 2018 data from the U.S. Energy Information Administration (EIA) for newly constructed utility-scale electric generators in the United States, annual capacity-weighted average construction costs for solar photovoltaic systems and onshore wind turbines have continued […]
Updated August 11 to correct the May 2020 Midland crude oil production total. Source: Graph by the U.S. Energy Information Administration (EIA), based on EIA’s Petroleum Supply Monthly (U.S. and Texas) and data from Enverus Inc. (Midland Basin […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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