EIA News That Matters

More power generation came from natural gas in first half of 2020 than first half of 2019

More power generation came from natural gas in first half of 2020 than first half of 2019

EIA


Natural gas-fired generation in the Lower 48 states increased nearly 55,000 gigawatthours (GWh), or 9%, in the first half of 2020 compared with the first half of 2019. Natural gas was the fastest-growing source of electric power generation, according …

August 13, 2020 - 6:00 am EIA News That Matters, Energy News, Natural Gas News
Source: Reuters

U.S. crude oil inventories decrease by 4.5 million barrels

Weekly Crude Oil Storage as of August 7, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.5 million barrels from the previous week. At 514.1 million barrels, U.S. crude oil …

EIA: Forecast Highlights

EIA: Forecast Highlights

EIA


Forecast Highlights

  • The August Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because mitigation and reopening efforts related to the 2019 novel coronavirus disease (COVID-19) continue to evolve. Reduced economic activity related to the COVID-19 pandemic
August 11, 2020 - 3:00 pm Closing Bell Story‎, EIA News That Matters, Energy News
U.S. liquefied natural gas exports remain at low levels this summer

U.S. liquefied natural gas exports remain at low levels this summer

EIA


After establishing a record high of 8.0 billion cubic feet per day (Bcf/d) in January 2020, U.S. exports of liquefied natural gas (LNG) fell to an average of 3.1 Bcf/d in July 2020. July exports were similar to LNG …

COVID-19’s impact on commercial jet fuel demand has been significant and uneven

COVID-19’s impact on commercial jet fuel demand has been significant and uneven

EIA


Efforts to contain the 2019 novel coronavirus disease (COVID-19) have dramatically changed global commercial passenger flight volumes. These flights averaged a little more than 70,000 flights per day in January and February, fell to an average of less than …

Weekly Gas Storage: Inventories increase by 33 Bcf

Weekly Gas Storage: Inventories increase by 33 Bcf

Natural Gas Inventories as of July 31, 2020

The EIA has released its natural gas inventory report, showing a net increase of 33 Bcf as of July 31, 2020.

Working gas in storage was 3,274 Bcf as of Friday, July …

More than 100 coal-fired plants have been replaced or converted to natural gas since 2011

More than 100 coal-fired plants have been replaced or converted to natural gas since 2011

EIA


According to data from the U.S. Energy Information Administration (EIA), 121 U.S. coal-fired power plants were repurposed to burn other types of fuels between 2011 and 2019, 103 of which were converted to or replaced by natural gas-fired plants. …

Source: Reuters

U.S. crude oil inventories decrease by 7.4 million barrels

Weekly Crude Oil Storage as of July 31, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.4 million barrels from the previous week. At 518.6 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase by 26 Bcf

Weekly Gas Storage: Inventories increase by 26 Bcf

Natural Gas Inventories as of July 24, 2020

The EIA has released its natural gas inventory report, showing a net increase of 26 Bcf as of July 24, 2020.

Working gas in storage was 3,241 Bcf as of Friday, July …

Source: Reuters

U.S. crude oil inventories decrease by 10.6 million barrels

Weekly Crude Oil Storage as of July 24, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 10.6 million barrels from the previous week. At 526.0 million barrels, U.S. crude oil …

Early 2020 drop in crude oil prices led to write-downs of U.S. oil producers’ assets

Early 2020 drop in crude oil prices led to write-downs of U.S. oil producers’ assets

EIA


According to publicly filed financial statements, 40 U.S. oil producers collectively wrote down $48 billion worth of assets in the first quarter of 2020, the largest quarterly adjustment since at least 2015. Low crude oil prices contributed to significant …

July 27, 2020 - 8:45 am Crude Oil News, Earnings, EIA News That Matters, Finance
Russia’s ethane production is expected to increase more than ten-fold by 2025

Russia’s ethane production is expected to increase more than ten-fold by 2025

EIA


Before 2020, Russia’s natural gas processing plant ethane production was approximately 25,000 barrels per day (b/d). If all planned natural gas projects come online, Russia could produce nearly 300,000 b/d of ethane from more than 70 billion cubic feet …

Weekly Gas Storage: Inventories increase by 37 Bcf

Weekly Gas Storage: Inventories increase by 37 Bcf

Natural Gas Inventories as of July 17, 2020

The EIA has released its natural gas inventory report, showing a net increase of 37 Bcf as of July 17, 2020.

Working gas in storage was 3,215 Bcf as of Friday, July …

Source: Reuters

U.S. crude oil inventories increase by 4.9 million barrels

Weekly Crude Oil Storage as of July 17, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.9 million barrels from the previous week. At 536.6 million barrels, U.S. crude oil …

EIA forecasts U.S. petroleum demand will remain below 2019 levels for several more months

EIA forecasts U.S. petroleum demand will remain below 2019 levels for several more months

EIA


Consumption of U.S. liquid fuels fell in March and April 2020 as a result of reduced travel related to COVID-19 and its mitigation measures. The U.S. Energy Information Administration’s (EIA) July Short-Term Energy Outlook (STEO) forecasts that U.S. consumption …

July 21, 2020 - 7:00 am Crude Oil News, EIA News That Matters
EIA -Financial Review: First-Quarter 2020

EIA -Financial Review: First-Quarter 2020

EIA


Oil & Gas 360 Publishers Note: Trends matter.  The entire report worth your time. The link is provided below. 

Key findings

  • Brent crude oil daily average prices were 20% lower in first-quarter 2020 than in first-quarter 2019 and averaged
Weekly Gas Storage: Inventories increase by 45 Bcf

Weekly Gas Storage: Inventories increase by 45 Bcf

Natural Gas Inventories as of July 10, 2020

The EIA has released its natural gas inventory report, showing a net increase of 45 Bcf as of July 10, 2020.

Working gas in storage was 3,178 Bcf as of Friday, July …

Source: Reuters

U.S. crude oil inventories decrease by 7.5 million barrels

Weekly Crude Oil Storage as of July 10, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.5 million barrels from the previous week. At 531.7 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase by 56 Bcf

Weekly Gas Storage: Inventories increase by 56 Bcf

Natural Gas Inventories as of July 3, 2020

The EIA has released its natural gas inventory report, showing a net increase of 56 Bcf as of July 3, 2020.

Working gas in storage was 3,133 Bcf as of Friday, July …

EIA forecasts global stock draws through 2021

EIA forecasts global stock draws through 2021

EIA


The disruptions to global petroleum supply and consumption as a result of the 2019 novel coronavirus disease (COVID-19) and associated mitigation efforts have been significant. As road and air travel fell sharply when economies around the world went into …

Source: Reuters

U.S. crude oil inventories increase by 5.7 million barrels

Weekly Crude Oil Storage as of July 3, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 539.2 million barrels, U.S. crude oil …

U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system

U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system

EIA


Oil & Gas 360 Publishers Note: This is fantastic. Exporting and trading with Mexico and Canada is better for our neighbors and the United States. 

Exports of natural gas by pipeline are the largest component of U.S. natural gas …

Weekly Gas Storage: Inventories increase by 65 Bcf

Weekly Gas Storage: Inventories increase by 65 Bcf

Natural Gas Inventories as of June 26, 2020

The EIA has released its natural gas inventory report, showing a net increase of 65 Bcf as of June 26, 2020.

Working gas in storage was 3,077 Bcf as of Friday, June …

Source: Reuters

U.S. crude oil inventories decrease by 7.2 million barrels

Weekly Crude Oil Storage as of June 26, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.2 million barrels from the previous week. At 533.5 million barrels, U.S. crude oil …

Stay-at-home orders led to less commercial and industrial electricity use in April

Stay-at-home orders led to less commercial and industrial electricity use in April

EIA


Oil & Gas Publisher’s Note: This information from the EIA is not a trivial impact to the price of oil and natural gas. This is only one of the pricing and impacts that we had discussed 3 months ago

U.S. refinery capacity sets new record as of January 1, 2020

U.S. refinery capacity sets new record as of January 1, 2020

EIA


Oil & Gas Publishers Note: Our 360 team has covered the refinery capacity news. The key take away is; “U.S. Gulf Coast, which is home to about half of U.S. refining capacity, used imported crude oil for only 28%

Weekly Gas Storage: Inventories increase by 120 Bcf

Weekly Gas Storage: Inventories increase by 120 Bcf

Natural Gas Inventories as of June 19, 2020

The EIA has released its natural gas inventory report, showing a net increase of 120 Bcf as of June 19, 2020.

Working gas in storage was 3,012 Bcf as of Friday, June …

Source: Reuters

U.S. crude oil inventories increase by 1.4 million barrels

Weekly Crude Oil Storage as of June 19, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.4 million barrels from the previous week. At 540.7 million barrels, U.S. crude oil …

U.S. liquefied natural gas exports have declined by more than half so far in 2020

U.S. liquefied natural gas exports have declined by more than half so far in 2020

EIA


Daily natural gas deliveries to U.S. facilities that produce liquefied natural gas (LNG) for export were a record 9.8 billion cubic feet per day (Bcf/d) in late March 2020, but deliveries fell to less than 4.0 Bcf/d in June, …

June 23, 2020 - 9:00 am EIA News That Matters, Natural Gas News, Uncategorized
Higher Western Canada spot prices limit U.S. natural gas imports from Canada

Higher Western Canada spot prices limit U.S. natural gas imports from Canada

EIA


U.S. imports of natural gas by pipeline at U.S.-Canada border crossings in the western United States fell to an estimated average of 6.2 billion cubic feet per day (Bcf/d) in April and 6.3 Bcf/d in May 2020, according to …