Crude oil prices fluctuated today after the Energy Information Administration reported an estimated inventory decline of 1.4 million barrels for the week to December 6. In fuels, however, the EIA estimated sizable builds. The crude oil inventory figure compared with […]
The share of electric and hybrid vehicle sales in the United States increased again in the third quarter of 2024 (3Q24), reaching a record. Combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric […]
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Wednesday, after falling in the week prior. The […]
The agency said in a new report that the last two winters in the Northern Hemisphere were exceptionally mild, keeping global natural gas markets well supplied and balanced at relatively low prices. Prices going into […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 8. In fuels, however, inventories fell. At the time of writing, Brent crude was […]
For the better part of two decades, Canada has exported significantly more electricity to the United States than it imported. However, in the fall of 2023, electricity trade between the two countries became more balanced. […]
U.S. production of associated-dissolved natural gas, or associated natural gas, increased 7.9% in 2023 compared with 2022, averaging 17.1 billion cubic feet per day (Bcf/d) last year, according to data from Enverus Drillinginfo. Associated natural gas […]
In our latest Short-Term Energy Outlook (STEO), we forecast that electricity generation from U.S. hydropower plants in 2024 will be 13% less than the 10-year average, the least amount of electricity generated from hydropower since 2001. Extreme […]
U.S. fuel ethanol exporters are on track to export a record amount of the fuel in 2024. The increase in exports this year has largely been driven by demand in countries with biofuel blending mandates […]
Average U.S. nuclear capacity outages during the summer of 2024 (June 1 through August 31) decreased to about 2.6 gigawatts (GW) per day from 3.1 GW in 2023, similar to average summer daily outages in 2022. Outages […]
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