We forecast that U.S. natural gas marketed production will increase to an average of 104.4 billion cubic feet per day (Bcf/d) in 2022 and then further increase to a record-high 106.6 Bcf/d in 2023, according to our latest Short-Term Energy Outlook (STEO). Around 97% of production over the next two years will come from the […]
Category: Today in Energy
U.S. crude oil production forecast to rise in 2022 and 2023 to record-high levels
In our February 2022 Short-Term Energy Outlook (STEO), we forecast that crude oil prices will remain high enough to drive U.S. crude oil production to record-high levels in 2023, reaching a forecast 12.6 million barrels per day (b/d). We expect new production in the Permian Basin to drive overall U.S. crude oil production growth. […]
U.S. demand for residual fuel oil rose late in 2021
In November 2021, more residual fuel oil was consumed in the United States, measured as product supplied, than during any month since January 2017. Residual fuel oil has several uses, but it is primarily consumed as bunker fuel in the maritime shipping sector. Consumption in December 2021 was at its highest end-of-year level since 2012, […]
Generators in Texas meet electric demand, avoid widespread outages during recent cold snap
A cold snap brought cold weather and icy conditions to Texas this past week, increasing heating demand for electricity across the state. Power plants and electric generators in the Electric Reliability Council of Texas (ERCOT)—the grid operator for most of the state—increased output to meet elevated demand during the storm. Unlike February 2021, when extreme […]
Europe relies primarily on imports to meet its natural gas needs
Imports of natural gas by both pipeline and as liquefied natural gas (LNG) provided more than 80% of the supply of natural gas to the countries of the European Union (EU-27) and the United Kingdom (UK) in 2020, up from 65% a decade earlier. During 2020, natural gas imported into the region by pipeline made […]
Oil-fired generators helped meet electric demand in New England this January
As strong winter storms and cold temperatures blanketed the northeastern United States this January and increased the demand for electricity to heat homes and businesses, utilities used oil-fired generation to help meet electricity demand in New England. Although oil-fired generators are infrequently used in New England, they play an important role in meeting electricity demand […]
Electric vehicles and hybrids surpass 10% of U.S. light-duty vehicle sales
Hybrid, plug-in hybrid, and electric vehicle sales in the Unites States have increased in recent months as sales of non-hybrid internal combustion engine (ICE) vehicles fueled by gasoline or diesel decreased. In the fourth quarter of 2021, hybrid, plug-in hybrid, and electric vehicles collectively accounted for 11% of light-duty vehicle sales in the United States, […]
EIA analysis considers different outcomes for coal markets in India and Southeast Asia
In our International Energy Outlook 2021 (IEO2021) Issues in Focus: Uncertainty in Coal Trade in India and Greater Southeast Asia, we analyze three cases for coal markets in India and Greater Southeast Asia (GSEA), which highlight the role that varying levels of coal production and trade play in the regions’ carbon dioxide (CO2) emissions and […]
Pennsylvania sent more electricity to neighboring states than any other state in 2020
Nearly 78 million megawatthours (MWh) of electricity generated in Pennsylvania was delivered to neighboring states in 2020, more than from any other state, according to our State Electricity Profiles. More than 230 million MWh of electricity was generated in Pennsylvania during 2020, exceeding electricity generation in all states except for Texas and Florida. […]
Utilities’ carbon-reduction goals will have little impact on U.S. CO2 emissions
Executing several plans announced by U.S. power utilities to reduce carbon dioxide (CO2) emissions would have a minor effect on U.S. energy-related CO2 reductions, according to the analysis we published earlier this week. As part of the Annual Energy Outlook 2021 (AEO2021), we created a Corporate Goal case that incorporates assumptions based on carbon-reduction goals […]