EIA News That Matters

Oil Rig with the JCA Crown Lights

EIA expects U.S. crude oil production to remain relatively flat through 2021

EIA

Oil & Gas 360 Publisher’s Note: The world dynamics within the energy markets will have a major impact on pricing, and therefore we are seeing a major decline in production requirements. 

In the U.S. Energy Information Administration’s (EIA) November …

Weekly Gas Storage: Inventories increase by 8 Bcf

Weekly Gas Storage: Inventories increase by 8 Bcf

Natural Gas Inventories as of November 6, 2020

The EIA has released its natural gas inventory report, showing a net increase of 8 Bcf as of November 6, 2020.

Working gas in storage was 3,927 Bcf as of Friday, November …

Interregional electricity trade in India affects shares of solar and coal-fired generation

Interregional electricity trade in India affects shares of solar and coal-fired generation

EIA

With more than 1.3 billion people, India is the second-most populous country in the world and has the third-highest energy consumption level after China and the United States. To help meet the country’s energy needs, India is expanding its …

U.S. crude oil inventories increase by 4.3  million barrels

U.S. crude oil inventories increase by 4.3 million barrels

Weekly Crude Oil Storage as of November 6, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.3 million barrels from the previous week. At 488.7 million barrels, U.S. crude oil …

Every thing is bigger in Texas, and 2020 could be a record year for U.S. wind turbine installations

Every thing is bigger in Texas, and 2020 could be a record year for U.S. wind turbine installations

EIA

Oil & Gas 360 Publishers Note: While Texas always does things bigger, it is interesting to see the wind turbine capacity so far ahead of the other states.

According to data collected by the U.S. Energy Information Administration (EIA), …

U.S. energy-related carbon dioxide emissions fell in 2019, mainly in electric generation

U.S. energy-related carbon dioxide emissions fell in 2019, mainly in electric generation

EIA

After rising by 3% in 2018, energy-related carbon dioxide (CO2) emissions fell 3% in the United States in 2019. According to the U.S. Energy Information Administration’s (EIA) U.S. Energy-Related Carbon Dioxide Emissions, 2019 analysis, total energy-related CO2 emissions in …

Weekly Gas Storage: Inventories decrease by 36 Bcf

Weekly Gas Storage: Inventories decrease by 36 Bcf

Natural Gas Inventories as of October 30, 2020

The EIA has released its natural gas inventory report, showing a net decrease of 36 Bcf as of October 30, 2020.

Working gas in storage was 3,919 Bcf as of Friday, October …

Power sector consumed 30% less coal in first-half 2020 than in first-half 2019 – Good for environment

Power sector consumed 30% less coal in first-half 2020 than in first-half 2019 – Good for environment

EIA

Oil & Gas 360 Publishers Note – Notice the coke coal increased, which is a good thing for economy, as it is used for manufacturing. We are also seeing new technology coming on-line that will help reduce coal co2 …

In 2019, the U.S. imported $13 billion of energy goods from Mexico, exported $34 billion

In 2019, the U.S. imported $13 billion of energy goods from Mexico, exported $34 billion

EIA

Oil & Gas 360 Publishers Note: With the uncertainty of OPEC and OPEC + to control inventories, it would make sense for a national security to create the North American Oil Produces Consortium (NOPC) with Canada, US and Mexico.

U.S. crude oil inventories decrease by 8 million barrels

U.S. crude oil inventories decrease by 8 million barrels

Weekly Crude Oil Storage as of October 30, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 8 million barrels from the previous week. At 484.4 million barrels, U.S. crude oil …

EIA forecasts more residential natural gas consumption this winter than last

EIA forecasts more residential natural gas consumption this winter than last

EIA

In the October 2020 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecasts that residential natural gas consumption for the 2020–21 winter season (October–March) will average 21.1 billion cubic feet per day (Bcf/d), 5% more than last …

November 2, 2020 - 1:00 pm EIA News That Matters, Natural Gas News
Weekly Gas Storage: Inventories increase by 29 Bcf

Weekly Gas Storage: Inventories increase by 29 Bcf

Natural Gas Inventories as of October 23, 2020

The EIA has released its natural gas inventory report, showing a net increase of 29 Bcf as of October 23, 2020.

Working gas in storage was 3,955 Bcf as of Friday, October …

Covid Strikes Again – EIA forecasts OPEC net oil export revenues in 2020 to be the lowest in 17 years

Covid Strikes Again – EIA forecasts OPEC net oil export revenues in 2020 to be the lowest in 17 years

EIA

The U.S. Energy Information Administration (EIA) expects that members of the Organization of the Petroleum Exporting Countries (OPEC) will earn about $323 billion in net oil export revenues in 2020, the lowest level in 18 years (Figure 1). EIA …

U.S. crude oil inventories increase by 4.3 million barrels

U.S. crude oil inventories increase by 4.3 million barrels

Weekly Crude Oil Storage as of October 23, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.3 million barrels from the previous week. At 492.4 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase by 49 Bcf

Weekly Gas Storage: Inventories increase by 49 Bcf

Natural Gas Inventories as of October 16, 2020

The EIA has released its natural gas inventory report, showing a net increase of 49 Bcf as of October 16, 2020.

Working gas in storage was 3,926 Bcf as of Friday, October …

U.S. crude oil inventories decrease by 1.0 million barrels

U.S. crude oil inventories decrease by 1.0 million barrels

Weekly Crude Oil Storage as of October 16, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.0 million barrels from the previous week. At 488.1 million barrels, U.S. crude oil …

Natural gas generators make up largest share of U.S. electricity generation capacity

Natural gas generators make up largest share of U.S. electricity generation capacity

EIA

Based on the U.S. Energy Information Administration’s (EIA) annual survey of electric generators, natural gas-fired generators accounted for 43% of operating U.S. electricity generating capacity in 2019. These natural gas-fired generators provided 39% of electricity generation in 2019, …

October 16, 2020 - 11:31 am EIA News That Matters, Natural Gas News
U.S. crude oil inventories decrease by 3.8 million barrels

U.S. crude oil inventories decrease by 3.8 million barrels

Weekly Crude Oil Storage as of October 9, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.8 million barrels from the previous week. At 489.1 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase by 46 Bcf

Weekly Gas Storage: Inventories increase by 46 Bcf

Natural Gas Inventories as of October 9, 2020

The EIA has released its natural gas inventory report, showing a net increase of 46 Bcf as of October 9, 2020.

Working gas in storage was 3,877 Bcf as of Friday, October …

EIA’s International Energy Outlook analyzes electricity markets in India, Africa, and Asia

EIA’s International Energy Outlook analyzes electricity markets in India, Africa, and Asia

EIA

Countries that are not members of the Organization for Economic Cooperation and Development (OECD) in Asia, including China and India, and in Africa are home to more than two-thirds of the world population. These regions accounted for 44% of …

EIA World liquid fuels production outages have increased in 2020

EIA World liquid fuels production outages have increased in 2020

EIA

Disruptions to crude oil and condensate production from members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries have risen considerably since last year. These outages have contributed to reduced liquid fuel supply and, along with …

Weekly Gas Storage: Inventories increase by 75 Bcf

Weekly Gas Storage: Inventories increase by 75 Bcf

Natural Gas Inventories as of October 2, 2020

The EIA has released its natural gas inventory report, showing a net increase of 75 Bcf as of October 2, 2020.

Working gas in storage was 3,831 Bcf as of Friday, October …

 Global crack spreads remain low amid slow oil demand recovery and high stocks

 Global crack spreads remain low amid slow oil demand recovery and high stocks

EIA

In its latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) estimates that third-quarter 2020 global liquid fuels consumption averaged 94.2 million barrels per day (b/d), an increase from the second quarter but significantly lower than the …

U.S. crude oil inventories increase by 0.5 million barrels

U.S. crude oil inventories increase by 0.5 million barrels

Weekly Crude Oil Storage as of October 2, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.5 million barrels from the previous week. At 492.9 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase by 76  Bcf

Weekly Gas Storage: Inventories increase by 76 Bcf

Natural Gas Inventories as of September 25, 2020

The EIA has released its natural gas inventory report, showing a net increase of 76 Bcf as of September 25, 2020.

Working gas in storage was 3,756 Bcf as of Friday, September …

U.S. crude oil producers increased the amount and share of production covered by financial hedges in Q2 2020

U.S. crude oil producers increased the amount and share of production covered by financial hedges in Q2 2020

EIA


According to the U.S. Energy Information Administration’s (EIA) analysis of financial disclosures from 77 publicly traded U.S. crude oil producers, financial hedging activity in the second quarter (Q2) of 2020 increased year on year from the second quarter of …

September 30, 2020 - 9:01 pm Commodity Pricing, Crude Oil News, EIA News That Matters
Source: Reuters

U.S. crude oil inventories decrease by 2.0 million barrels

Weekly Crude Oil Storage as of September 25, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.0 million barrels from the previous week. At 492.4 million barrels, U.S. crude oil …

EIA -Slightly more U.S. petroleum products were exported in first half of 2020 than in 2019

EIA -Slightly more U.S. petroleum products were exported in first half of 2020 than in 2019

EIA


In the first half of 2020, the United States exported 5.4 million barrels per day (b/d) of petroleum products, a slight increase of 48,000 b/d (1%) from the first half of 2019. Greater exports of propane and other hydrocarbon …

Weekly Gas Storage: Inventories increase by 66 Bcf

Weekly Gas Storage: Inventories increase by 66 Bcf

Natural Gas Inventories as of September 18, 2020

The EIA has released its natural gas inventory report, showing a net increase of 66 Bcf as of September 18, 2020.

Working gas in storage was 3,680 Bcf as of Friday, September …

Source: Reuters

U.S. crude oil inventories decrease by 1.6 million barrels

Weekly Crude Oil Storage as of September 18, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.6 million barrels from the previous week. At 494.4 million barrels, U.S. crude oil …