Norway is among the top 10 natural gas-producing nations in the world and has always been an important source of natural gas to the European Union (EU). Russia’s full-scale invasion of Ukraine at the end of February 2022 resulted in significant declines in natural gas imports to the EU, particularly starting in June 2022, increasing […]
Category: Today in Energy
Product Highlight: EIA’s Gasoline and Diesel Fuel Update
Each Monday, we publish our Gasoline and Diesel Fuel Update (GDFU), which tracks the latest retail prices of certain petroleum products. Readers can explore current trends in fuel prices as well as historical data. The GDFU provides U.S. average retail prices for regular-grade motor gasoline, dating back to August 1990, and on-highway diesel fuel prices, […]
In 2021 U.S. natural gas-fired power generation declined for the first time in four years
According to our recently released Natural Gas Annual, natural gas consumption in all sectors in the United States was effectively flat between 2020 and 2021, down by only 0.5 billion cubic feet per day (Bcf/d). U.S. natural gas consumption reached a record 85.3 Bcf/d in 2019 and has declined annually since then. Reduced economic activity […]
U.S. coal-fired generation declining after brief rise last year
We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired generation declined each year between 2014 and 2020, it rose 16% in 2021 as a result of increased electricity demand and higher natural gas prices following the pandemic. Despite natural gas prices remaining […]
Decline in drilled but uncompleted wells may limit future crude oil production growth
According to our Drilling Productivity Report (DPR), more wells were completed than were drilled in the United States from July 2020 through September 2022 (the latest month for which data are available). As a result, the number of drilled but uncompleted wells (DUCs) in the United States fell to 4,333 as of September 2022, the […]
Homes and buildings in the West and Northeast have the largest share of small-scale solar
In 2020, 3.7% of U.S. single-family homes, including mobile homes, generated electricity from small-scale solar systems (solar panels installed on a home or building), according to our 2020 Residential Energy Consumption Survey (RECS). In 2018, 1.6% of U.S. commercial buildings had small-scale solar generation, according to our 2018 Commercial Energy Consumption Survey (CBECS). […]
As much as 15 million barrels of crude oil sold from the U.S. Strategic Petroleum Reserve
The U.S. Department of Energy (DOE) announced a notice of sale of as much as 15 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) on October 18, 2022, to help address the market supply disruption caused by Russia’s full-scale invasion of Ukraine and to help lower energy costs. The sale was held […]
In 2021, both U.S. natural gas production and exports set new records
In 2021, both U.S. natural gas marketed production and natural gas exports established new records. Marketed, or wet, natural gas production—which includes both dry natural gas and natural gas plant liquids (NGPLs) such as ethane and propane—grew 3% in 2021 after declining in 2020. U.S. natural gas exports, which have more than doubled since 2017, […]
Households primarily heating with heating oil or propane will likely pay more this winter
According to our 2022 Winter Fuels Outlook, we expect that households that use heating oil as the primary fuel for space heating will spend 27% more money on heating this winter than last winter, in nominal terms (not adjusted for inflation). Higher prices for heating oil, combined with greater heating demand due to colder temperatures, […]
Coal shipments to U.S. power plants fell by more than half between 2010 and 2021
U.S. power plants received 449 million short tons (MMst) of coal in 2021, less than half of the 957 MMst they received in 2010. Coal shipments to U.S. power plants declined over the past decade as coal-fired generation in the country fell and coal-fired power plants shut down. […]
