In our October Winter Fuels Outlook, we expect U.S. households that primarily heat with propane will spend more this heating season (October through March) than during the past several winters because of higher propane prices and slightly colder temperatures compared with last winter. […]
Category: Today in Energy
EIA projects that energy-related carbon dioxide emissions will rise over the next 30 years
In our International Energy Outlook 2021, we project that global energy-related carbon dioxide (CO) emissions will increase for countries both inside and outside of the Organization for Economic Cooperation and Development (OECD) over the next 30 years under current laws and regulations. Between 2020 and 2050, we project that total energy-related CO emissions will increase […]
EIA projects non-OECD Asia to become the largest importers of natural gas by 2050
In our International Energy Outlook 2021 (IEO2021), we project that non-OECD countries in Asia will collectively become the largest importers of natural gas by 2050. In 2020, the countries of OECD Europe were collectively the largest importers of natural gas, followed by Japan and South Korea combined, and then non-OECD Asia, which includes China and […]
Drilling and completion improvements support Permian Basin hydrocarbon production
The Permian Basin, which spans western Texas and eastern New Mexico, represents the most prolific hydrocarbon production region in the United States. They accounted for about 30% of U.S. crude oil production and 14% of U.S. natural gas production (measured as gross withdrawals) in 2020. Technology innovations, such as longer lateral wells and multi-well pad […]
Annual U.S. coal-fired electricity generation will increase for the first time since 2014
We expect 22% more U.S. coal-fired generation in 2021 than in 2020, according to our latest Short-Term Energy Outlook (STEO). The U.S. electric power sector has been generating more electricity from coal-fired power plants this year as a result of significantly higher natural gas prices and relatively stable coal prices. This year, 2021, will yield […]
Renewables will account for most global generation increases, but coal use remains high
In the Reference case of our International Energy Outlook 2021 (IEO2021), where we assume current laws and regulations continue into the future, we project that renewable resources—particularly solar and wind—will be the largest contributor to the growth in electricity generation through 2050. However, certain regions will still mainly use coal resources for electricity generation. […]
U.S. natural gas prices likely to remain elevated through the winter
In our October Short-Term Energy Outlook (STEO), we forecast that natural gas spot prices at the U.S. benchmark Henry Hub will average $5.67 per million British thermal units (MMBtu) between October and March, the highest winter price since 2007–2008. The increase in Henry Hub prices in recent months and in our forecast reflect below-average storage […]
EIA expects U.S. households to spend more on energy this winter
In our Winter Fuels Outlook, to be released later today, we forecast that U.S. households will spend more money on energy this winter than last winter, especially households that primarily heat with propane or heating oil. Forecast expenditures are based on our expectations of high retail energy prices—many are already at multiyear highs—and of slightly […]
Azerbaijan has increased natural gas production and added a connection to Europe
Azerbaijan, a Eurasian country at the border of Eastern Europe and western Asia, increased its production of natural gas by 36%, or more than 200 billion cubic feet (Bcf), between 2017 and 2019. In addition, a new pipeline connection, completed in October 2020, increased the country’s access to European markets, according to our analysis of […]
U.S. gasoline exports in May, June, and July reach new seasonal highs
Motor gasoline exports from the United States reached record highs in May, June, and July for each of these months, according to our Petroleum Supply Monthly (PSM). Summer exports in May, June, and July reflect a departure from the historical seasonality of gasoline exports because gasoline export levels are usually low during the summer. […]