Today in Energy
Fueling Wishes Raises Over $28,000 to Fund Wishes of Two Hoosier Children in Need
CountryMark fuel stations in Greenfield, Indiana and Winslow, Indiana raised more than $28,000 during the month of September to fund the wishes of two local children battling life-threatening illness through CountryMark’s Fueling Wishes fundraiser. Read More...
High Permian well productivity, crude oil prices drive U.S. natural gas production growth
We estimate that U.S. marketed natural gas production in the Lower 48 states (L48) will grow by 5% (5.0 billion cubic feet per day ) in 2023 and 2% (1.8 Bcf/d) in 2024 in our latest Short-Term Energy Outlook. Most of the forecast growth comes from the Permian region, where we expect that improved...
U.S. summer nuclear outages rose in 2023, returning to 2021 levels
Outages of U.S. nuclear generating capacity averaged 3.1 gigawatts (GW) per day during the summer of 2023 (June 1 through August 31), a return to 2021 levels. Capacity outages this past summer exceeded those in summer 2022 by more than 25%. Nuclear capacity outages peaked in June because some...
New natural gas-fired capacity additions expected to total 8.6 gigawatts in 2023
So far in 2023, 10 natural gas-fired power plants have come online in the United States with a total of 6.8 gigawatts (GW) of electric generating capacity, according to our Monthly Electric Generator Inventory. By the end of 2023, we expect another six natural gas-fired power plants with another 1.8...
EIA expects most U.S. households will spend less on energy this winter
We expect U.S. households that use natural gas and those that are located in the West (regardless of fuel type)—together accounting for more than half of all U.S. households—to spend less on heating this winter compared with last winter because of lower residential energy prices. U.S. homes that use...
EIA projects global energy consumption will outpace efficiency gains in most cases
In our International Energy Outlook 2023 (IEO2023), we project that global energy-related CO2 emissions will increase by 2050 in a number of IEO2023 cases as global population growth and higher living standards push growth in energy consumption beyond advances in energy efficiency. Read More...
U.S. crude oil exports reached a record high in first half of 2023
U.S. crude oil exports in the first half of 2023 averaged 3.99 million barrels per day (b/d), which is a record high for the first half of a year since 2015, when the U.S. ban on most crude oil exports from the United States was repealed. In the first half of 2023, crude oil exports Read More...
Peak hourly U.S. electricity demand in July was the second highest since 2016
On July 27, 2023, peak hourly electricity demand in the continental United States reached 741,815 megawatthours (MWh). This peak was the second highest since we began collecting this data in 2016, just under the all-time high of 742,704 MWh recorded on July 20, 2022. Read More...
U.S. exports of natural gas set a record high in the first half of 2023
The United States exported more natural gas in the first half of 2023 (1H23) than it did in the same period of any previous year. Natural gas exports averaged 20.4 billion cubic feet per day (Bcf/d), 4% (0.8 Bcf/d) more than in 1H22, according to our Natural Gas Monthly. Read More...
U.S. construction costs dropped for solar, wind, and natural gas-fired generators in 2021
The average construction costs for solar photovoltaic systems, wind turbines, and natural gas-fired electricity generators all decreased in the United States in 2021 compared with 2020, according to our recently released data. Average construction costs fell by 18% from 2020 for natural gas-fired...
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