Today in Energy
Nonfossil fuel energy sources accounted for 21% of U.S. energy consumption in 2022
Primary energy consumption in the United States was 100.4 quadrillion British thermal units (quads) in 2022, a 3% increase from 2021. About 21% of U.S. energy consumption in 2022 came from nonfossil fuel sources such as renewables and nuclear—a tie with 2020 as the highest share since the early...
Energy trade between Mexico and the United States reached a record $81.9 billion in 2022
In 2022, energy trade between the United States and Mexico increased substantially from 2021 because high commodity prices drove up the value of the trade. Energy trade in 2022 between the United States and Mexico totaled $81.9 billion in real prices, an all-time high. Energy trade value is the...
LNG-exporting Gulf Coast states drove U.S. natural gas demand growth
U.S. natural gas demand (domestic consumption plus gross exports) increased 43%, or 34.5 billion cubic feet per day (Bcf/d), from 2012 to 2022. Demand in the Gulf Coast states of Louisiana and Texas grew by 116%, or 16.0 Bcf/d, driven largely by increased demand for feedgas for liquefied natural gas...
Two-thirds of North America is at risk of energy shortfalls in high summer heat, NERC says
If temperatures spike this summer, parts of the United States could face electricity supply shortages as demand for cooling increases, according to analysis by the North American Electric Reliability Corporation (NERC). The latest summer reliability report from NERC warns that two-thirds of North...
As solar capacity grows, duck curves are getting deeper in California
As more solar capacity has come online in California, grid operators at the California Independent System Operator (CAISO) have observed a drop in net load (or the demand remaining after subtracting variable renewable generation) in the middle of the day when solar generation tends to be highest...
U.S. diesel prices have fallen below prices from before Russia’s invasion of Ukraine
U.S. ultra-low sulfur diesel front-month futures prices have declined each month since January 2023 and, as of May, averaged $0.50 per gallon (gal) lower than prices in February 2022, just before Russia’s full-scale invasion of Ukraine. For over a year, Russia’s full-scale invasion of Ukraine, and...
Nigeria was the top crude oil producer in Africa, but disruptions threaten production
For many years, more crude oil was produced in Nigeria than in any other country in Africa. However, unplanned production outages—or disruptions—in Nigeria have, at times, resulted in its crude oil production falling below that of Angola, the second-highest producing country in Africa. Disruptions...
U.S. electric power sector continues water efficiency gains
As the country’s generation mix moves away from the most water-intensive sources of generation, U.S. electric power sector water withdrawals for power plant cooling remained relatively constant in 2021, increasing by just 0.3% from 2020 to 47.7 trillion gallons of water. The slight increase...
Natural gas production in the Permian region established a new record in 2022
Gross natural gas withdrawals in the Permian region set an annual record high in 2022 at 21.0 billion cubic feet per day (Bcf/d), 14% above the 2021 average, according to our Drilling Productivity Report. Annual gross natural gas production in the Permian region, which extends across western Texas...
U.S. ethane exports set a monthly record in March 2023
U.S. ethane exports averaged 537,000 barrels per day (b/d) in March 2023, an all-time high since the United States began exporting ethane nearly a decade ago, according to our May 2023 Petroleum Supply Monthly. Increased export capacity in recent years has allowed more ethane to be exported. Read...
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