On Monday, April 20, 2020, West Texas Intermediate (WTI) crude oil front-month futures traded on the New York Mercantile Exchange (NYMEX) were priced in negative dollars per barrel (b) for the first time since trading began in 1983. At about 2:30 p.m. ET, WTI traded as low as -$40.32/b; prices remained below zero for part […]
Category: Today in Energy
Withdrawals from natural gas storage this winter were lowest since 2015-16
Working natural gas in storage in the Lower 48 states as of March 31, 2020, totaled 2,008 billion cubic feet (Bcf), 19% more than the previous five-year (2015-19) average for the end of the heating season, according to EIA’s Weekly Natural Gas Storage Report. The 2019-20 heating season, which ran from November 1, 2019, to […]
COVID-19 mitigation efforts result in the lowest U.S. petroleum consumption in decades
U.S. consumption of petroleum products has fallen to its lowest level in decades because of measures that limit travel and because of the general economic slowdown induced by mitigation efforts for the coronavirus disease 2019 (COVID-19). The U.S. Energy Information Administration (EIA) estimates the decline in petroleum product demand by examining the changes in total […]
North Dakota flared 19% of its natural gas production in 2019
According to the North Dakota Oil & Gas Division’s February 2020 Director’s Cut & Monthly Production Report, gross natural gas production in North Dakota averaged 2.9 billion cubic feet per day (Bcf/d) in 2019, an 827% increase compared with the 2010 level of 0.3 Bcf/d. Increases in natural gas production came primarily from associated gas […]
Wind and natural gas-fired generators led U.S. power sector capacity additions in 2019
According to the U.S. Energy Information Administration’s (EIA) latest Monthly Electric Generator Inventory Report, the electric power sector installed nearly 23,000 megawatts (MW) of new generating capacity in 2019. This new capacity was primarily in onshore wind (9,100 MW), natural gas-fired (8,300 MW), and solar photovoltaic (PV) (5,300 MW) technologies. The South region accounted for […]
U.S. total energy exports exceed imports in 2019 for the first time in 67 years
Energy exports from the United States reached an all-time high of 23.6 quadrillion British thermal units (quads) in 2019, marking the first time in 67 years that annual U.S. gross energy exports exceeded U.S. gross energy imports, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review. Gross U.S. energy imports were 22.8 quads […]
EIA’s Weekly Petroleum Status Report provides crude oil and refined products balances
The U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report (WPSR) provides the most comprehensive weekly data available for U.S. crude oil and refined petroleum product balances. The WPSR includes detailed regional and national supply information each week on crude oil, as well as motor gasoline, distillate fuel oil, jet fuel, residual fuel, and propane […]
EIA tracks retail prices for gasoline, diesel, and residential heating fuels weekly
The U.S. Energy Information Administration (EIA) produces two weekly reports that track the latest retail prices of select petroleum products: the Gasoline and Diesel Fuel Update (GDFU), which is published every Monday, and the Heating Oil and Propane Update (HOPU), which is published each Wednesday during the winter (October through March). Petroleum product price and […]
EIA’s weekly natural gas products provide timely natural gas information
The U.S. Energy Information Administration (EIA) provides daily and weekly information on natural gas market activity and drivers in three weekly products: the Weekly Natural Gas Storage Report, the Natural Gas Storage Dashboard, and the Natural Gas Weekly Update. […]
EIA’s Short-Term Energy Outlook is the source for EIA’s latest analysis of energy markets
The Short-Term Energy Outlook (STEO) provides the U.S. Energy Information Administration’s (EIA) near-term perspective on energy markets. Each month, the STEO provides forecasts through the end of the next calendar year for consumption, supply, trade, and prices across major fuel types. In addition, the STEO provides in-depth market analysis for crude oil, petroleum products, and […]
