EIA Archives

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

Increased air travel is beginning to increase U.S. jet fuel consumption

April 29, 2021 Andy Del Prado

In recent weeks, the number of air travel passengers has increased in the United States, which may indicate a corresponding near-term increase in jet fuel demand. Jet fuel demand has been at historic lows since […]

Oil rises on optimistic demand outlook; uncertainties remain

April 28, 2021 Stu Turley

Oil prices rose on Wednesday amid optimistic forecasts of global fuel demand recovery, while the rapid spread of COVID-19 infections in India and a bigger-than-expected build in U.S. crude stocks capped gains. U.S. West Texas […]

Oil production in Alaska reaches lowest level in more than 40 years

April 26, 2021 Stu Turley

Crude oil production in Alaska averaged 448,000 barrels per day (b/d) in 2020, the lowest level of production since 1976. Last year’s production was over 75% less than the state’s peak production of more than […]

Texas likely to add record utility-scale solar capacity in the next two years

April 21, 2021 Andy Del Prado

Texas, already the U.S. state with the most wind energy capacity, is catching up to California in utility-scale solar capacity. California currently has the most installed utility-scale solar capacity of any state. According to survey […]

Colombia’s Coal Mining Ambitions Could Backfire

March 20, 2021 Stu Turley

As many developed and even emerging nations aggressively pursue renewable energy targets with a focus on winding down the extraction of fossil fuels, strife-torn Colombia reaffirms that fossil fuel production is crucial to its economic […]

IEA and EIA Oil 2021 Analysis and Forecast to 2026 – Highlights and Insights

March 17, 2021 Stu Turley

Energy News Beat Publishers Note: There are some real nuggets in the full International Energy Agency (IEA) and the U.S. Energy Information Administration (EIA) STEO released this morning. The bottom line: Global economic growth in […]

EIA Pipelines - Energy News Beat - fig 1

Recent completions of natural gas pipeline projects increase transportation capacity

March 16, 2021 Stu Turley

From November 2020 through January 2021, approximately 4.4 billion cubic feet per day (Bcf/d) of new natural gas pipeline capacity entered service, according to the U.S. Energy Information Administration’s (EIA) Natural Gas Pipeline Project Tracker Four […]

US dependence on foreign jet grew in 2020 – This is related to Covid – but may become a national security issue in 2021

March 2, 2021 Stu Turley

Jet fuel imports to the US west coast accounted for 27.4pc of the region’s consumption in 2020, at 95,250 b/d, according to data from the US Energy Information Administration (EIA). The share of imports grew […]

U.S. LNG exports set consecutive monthly records of 9.4 Bcf/d in November and of 9.8 Bcf/d in both December 2020 and January 2021, according to EIA’s estimates based on the shipping data provided by Bloomberg Finance, L.P. EIA forecasts that U.S. LNG gross exports will average 9.7 Bcf/d in February 2021 before declining to seasonal lows in the shoulder months of the spring and fall seasons. EIA forecasts LNG exports to average 8.5 Bcf/d in 2021 and 9.2 Bcf/d in 2022, compared with average gross pipeline exports of 8.8 Bcf/d in 2021 and 8.9 Bcf/d in 2022. Since November 2020, all six U.S. LNG export facilities have been operating near full design capacity. In December, the Corpus Christi LNG facility in Texas commissioned its third and final liquefaction unit six months ahead of schedule, bringing the total U.S. liquefaction capacity to 9.5 Bcf/d baseload (10.8 Bcf/d peak) across six export terminals. The November–January increase in U.S. LNG exports has been driven by rising international natural gas and LNG prices, particularly in Asia, and lower global LNG supply because of unplanned outages at several LNG export facilities worldwide. U.S. monthly natural gas pipeline and LNG exports Source: U.S. Energy Information Administration, Natural Gas Monthly U.S. pipeline exports to Mexico increased by 6.4% in the first eleven months of 2020 compared with the same period in 2019 as a result of the completion of a new segment of the Wahalajara pipeline system in June and the Cempoala compressor station in September. The completion of Mexico’s Samalayuca-Sásabe pipeline (0.47 Bcf/d capacity) in January 2021 and the expected completion of Tula-Villa de Reyes pipeline (0.89 Bcf/d capacity) later this year are expected to further increase U.S. pipeline exports to Mexico. Principal contributor: Victoria Zaretskaya

Annual U.S. liquefied natural gas exports forecast to exceed pipeline exports in 2022

February 18, 2021 Stu Turley

According to the U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO), EIA forecasts that U.S. liquefied natural gas (LNG) exports will exceed natural gas exports by pipeline in the first and fourth quarters of […]

EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022 - This is SAD - Energy News Beat

EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022 – This is horrible for the U.S.

February 17, 2021 Stu Turley

Throughout much of its history, the United States has imported more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it has exported. That status changed in 2020. The U.S. Energy Information […]