Producers were operating the fewest oil and natural gas drilling rigs on record in the United States at 339 on May 12, the lowest level in the Baker Hughes Company’s rig count data series that dates back to 1987. The number of active rigs began sharply decreasing in mid-March as crude oil prices fell: rigs […]
Category: Today in Energy
EIA expects record liquid fuels inventory builds in early 2020, followed by draws
As mitigation efforts to contain the 2019 novel coronavirus disease (COVID-19) pandemic continue to lead to rapid declines in petroleum consumption around the world, the production of liquid fuels globally has changed more slowly, leading to record increases in the amount of crude oil and other petroleum liquids placed into storage in recent months. In […]
Large battery systems are often paired with renewable energy power plants
Pairing renewable energy generators with energy storage, particularly batteries, is increasingly common as the cost of energy storage continues to decrease. The U.S. Energy Information Administration’s (EIA) latest inventory of electric generators shows that the number of solar and wind generation sites co-located with batteries has grown from 19 paired sites in 2016 to 53 […]
EIA expects lower natural gas production in 2020
In its May 2020 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that U.S. marketed natural gas production will decrease by 5% in 2020 because of a weakening economic outlook from the impact of efforts to reduce the spread of the 2019 novel coronavirus disease (COVID-19). EIA expects U.S. marketed natural gas […]
EIA forecasts U.S. crude oil production to fall in 2020 and 2021
The U.S. Energy Information Administration (EIA) expects U.S. crude oil production to fall in 2020 and 2021 as efforts to mitigate the spread of the 2019 novel coronavirus disease (COVID-19) continue to result in a steep drop in demand for petroleum products and crude oil prices. In its May Short-Term Energy Outlook (STEO), EIA forecasts […]
EIA expects energy-related carbon dioxide emissions to fall 11% this year
The U.S. Energy Information Administration (EIA) forecasts that U.S. energy-related carbon dioxide (CO2) emissions will decline by 11% in 2020. If realized, this decline would represent the largest decline in not only percentage but also absolute terms in EIA’s energy-related CO2 series that dates back to 1949. In EIA’s latest Short-Term Energy Outlook, U.S. energy-related […]
Coal transportation rates in the United States decreased for the fifth consecutive year
U.S. delivered coal costs, which reflect commodity and transportation costs, have declined steadily since 2010 (in constant 2017 dollars per ton). In 2019, the average transportation cost of coal was $15.03 per ton, down from $16.07 per ton in 2018. Transportation costs accounted for about 40% of the total delivered cost of coal in 2019, […]
U.S. coal-fired electricity generation in 2019 falls to 42-year low
Output from the U.S. coal-fired generating fleet dropped to 966,000 gigawatthours (GWh) in 2019, the lowest level since 1976. The decline in last year’s coal generation levels was the largest percentage decline in history (16%) and second-largest in absolute terms (240,000 GWh). […]
Growth in India’s LNG imports will depend on completion of connecting pipelines
India has been the world’s fourth-largest importer of liquefied natural gas (LNG) since 2011, gradually increasing LNG imports as the country’s domestic natural gas production declined and domestic consumption increased. India’s LNG import capacity more than doubled during the past 10 years, and the U.S. Energy Information Administration (EIA) expects it to increase by a […]
Daily electricity demand impacts from COVID-19 mitigation efforts differ by region
Recent business shutdowns and changes to normal routines related to mitigation efforts for the 2019 novel coronavirus disease (COVID-19) have caused daily weekday electricity demand in the central region of the United States to decrease by 9%–13% in March and April compared with expected demand, after accounting for seasonal temperature changes. This decrease is similar […]
