EIA News That Matters

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 …

Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members

Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members

EIA


Oil & Gas 360 Publishers Note: To help understand the OPEC + members, take a look at the breakeven crude oil prices. Breakeven is is the fiscal breakeven, the minimum price that a country needs to receive per barrel

Weekly Gas Storage: Inventories increase 85 Bcf

Weekly Gas Storage: Inventories increase 85 Bcf

Natural Gas Inventories as of June 12, 2020

The EIA has released its natural gas inventory report, showing a net increase of 85 Bcf as of June 12, 2020.

Working gas in storage was 2,892 Bcf as of Friday, June …

Source: Reuters

U.S. crude oil inventories increase by 1.2 million barrels

Weekly Crude Oil Storage as of June 12, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 539.3 million barrels, U.S. crude oil …

Global electricity consumption continues to rise faster than population

Global electricity consumption continues to rise faster than population

EIA


Global electricity consumption continues to increase faster than world population, leading to an increase in the average amount of electricity consumed per person (per capita electricity consumption), according to the U.S. Energy Information Administration’s (EIA) International Energy Statistics. …

Weekly Gas Storage: Inventories increase 93 Bcf

Weekly Gas Storage: Inventories increase 93 Bcf

Natural Gas Inventories as of June 5, 2020

The EIA has released its natural gas inventory report, showing a net increase of 93 Bcf as of June 5, 2020.

Working gas in storage was 2,807 Bcf as of Friday, June …

Source: Reuters

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

Weekly Crude Oil Storage as of June 5, 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 538.1 million barrels, U.S. crude oil …

EIA expects 2020 summer U.S. electricity demand to be lowest since 2009

EIA expects 2020 summer U.S. electricity demand to be lowest since 2009

EIA


The U.S. Energy Information Administration (EIA) expects U.S. electricity demand to total 998 billion kilowatthours this summer (June through August), the lowest level of summer electricity consumption in the United States since 2009 and 5% less than last summer.…

Canada is the largest source of U.S. energy imports

Canada is the largest source of U.S. energy imports

EIA


Oil & Gas Publishers Note: I still believe that creating and using a North America Oil Producers Trade Consortium used instead of OPEC would be a great boost for our economy and national security. Why play in the Russia

Lower crude oil prices will mean less exploration and development

Lower crude oil prices will mean less exploration and development

EIA


According to the financial reports analyzed by the U.S. Energy Information Administration (EIA), global expenditures related to oil and natural gas exploration and development (E&D) increased $42 billion (13%) for 102 publicly traded oil companies in 2019, totaling $361 …

Weekly Gas Storage: Inventories increase 102 Bcf

Weekly Gas Storage: Inventories increase 102 Bcf

Natural Gas Inventories as of May 29, 2020

The EIA has released its natural gas inventory report, showing a net increase of 102 Bcf as of May 29, 2020.

Working gas in storage was 2,714 Bcf as of Friday, May …

Source: Reuters

U.S. crude oil inventories decrease by 2.1 million barrels

Weekly Crude Oil Storage as of May 29, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.1 million barrels from the previous week. At 532.3 million barrels, U.S. crude oil …

U.S. renewable energy consumption surpasses coal for the first time in over 130 years

U.S. renewable energy consumption surpasses coal for the first time in over 130 years

EIA


In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review. This outcome mainly reflects the continued decline in …

Source: Reuters

U.S. crude oil inventories increase by 7.9 million barrels

Weekly Crude Oil Storage as of May 22, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.9 million barrels from the previous week. At 534.4 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase 109 Bcf

Weekly Gas Storage: Inventories increase 109 Bcf

Natural Gas Inventories as of May 22, 2020

The EIA has released its natural gas inventory report, showing a net increase of 109 Bcf as of May 22, 2020.

Working gas in storage was 2,612 Bcf as of Friday, May …

Weekly Gas Storage: Inventories increase 81 Bcf

Weekly Gas Storage: Inventories increase 81 Bcf

Natural Gas Inventories as of May 15, 2020

The EIA has released its natural gas inventory report, showing a net increase of 81 Bcf as of May 15, 2020.

Working gas in storage was 2,503 Bcf as of Friday, May …

The number of active U.S. crude oil and natural gas rigs is at the lowest point on record

The number of active U.S. crude oil and natural gas rigs is at the lowest point on record

EIA


Producers were operating the fewest oil and natural gas drilling rigs on record in the United States at 339 on May 12, the lowest level in the Baker Hughes Company’s rig count data series that dates back to 1987. …

May 20, 2020 - 10:00 am Crude Oil News, EIA News That Matters, Fracing
Source: Reuters

U.S. crude oil inventories decrease by 5.0 million barrels

Weekly Crude Oil Storage as of May 15, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.0 million barrels from the previous week. At 526.5 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase by 103 Bcf

Weekly Gas Storage: Inventories increase by 103 Bcf

Natural Gas Inventories as of May 8, 2020

The EIA has released its natural gas inventory report, showing a net increase of 103 Bcf as of May 8, 2020.

Working gas in storage was 2,422 Bcf as of Friday, May …