Today in Energy
Natural gas combined-cycle power plants increased utilization with improved technology
The average utilization rate (or capacity factor) for the entire U.S. fleet of combined-cycle natural gas turbine (CCGT) electric power plants has risen as the operating efficiency of new CCGT units has improved. The CCGT capacity factor rose from 40% in 2008 to 57% in 2022. Increased efficiency...
Less than one-third of U.S. commercial buildings were all-electric in 2018
Fewer than one-third of U.S. commercial buildings were all-electric in 2018, and all-electric commercial buildings were most prevalent in the South, according to data from our Commercial Buildings Energy Consumption Survey (CBECS). As of 2018, 31%, or 1.8 million commercial buildings, were...
Northeast U.S. carbon dioxide emissions prices return to last year’s highs
The most recent auction of carbon dioxide CO2 emissions allowances in the major U.S. northeast regional trading hub reached near record-high prices, as the number of allowances available was reduced. The latest Regional Greenhouse Gas Initiative (RGGI) quarterly auction, held September 6, 2023...
Global natural gas market well supplied for winter, but risks remain, EIA analysis finds
Relatively full natural gas inventories in the United States and Europe and expanded global liquefied natural gas (LNG) export and import capacity have improved the likelihood that global gas supply is sufficient to meet demand in the 2023–24 winter season (November–March), according to our recently...
LNG export capacity from North America likely to more than double through 2027
We expect North America’s liquefied natural gas (LNG) export capacity to expand to 24.3 billion cubic feet per day (Bcf/d) from 11.4 Bcf/d today as Mexico and Canada place their first LNG export terminals into service and the United States adds to its existing LNG capacity. By the end of 2027, we...
Florida’s growing population is increasing its fuel consumption
Florida’s growing resident population is driving growth in consumption of transportation fuel within the state. Rising fuel consumption has gradually increased waterborne transportation fuel shipments from U.S. Gulf Coast refiners. Read More...
EIA expects U.S. annual solar electricity generation to surpass hydropower in 2024
We forecast that the United States will generate 14% more electricity from solar energy than from hydroelectric facilities in 2024, according to our Short-Term Energy Outlook (STEO). Our forecast is driven by continued growth in new utility-scale and small-scale solar facilities. Read More...
Growing U.S. oil production increased natural gas production by 9% in 2022
In 2022, annual production of associated-dissolved natural gas (or associated natural gas) increased 9% to 15.5 billion cubic feet per day (Bcf/d) in the major U.S. onshore crude oil-producing regions, mostly due to an 8% increase in crude oil production. Associated natural gas accounted for more...
EU sanctions on Russia’s coal increase U.S. coal exports to Europe
U.S. coal exports increased by 5.7 million short tons (MMst) in the 12 months after EU sanctions on coal from Russia went into full effect in August 2022. The increase was driven almost exclusively by a 22% jump in U.S. coal exports to Europe, totaling 33.1 MMst between August 2022 and July 2023...
Low U.S. gasoline demand is making gasoline less profitable, reducing crack spreads
Low gasoline demand in combination with the seasonal switch to winter-grade gasoline has made gasoline less profitable to produce, reducing the difference between gasoline blendstock and crude oil prices to multiyear lows in October 2023. Read More...
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