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U.S. petroleum product exports set new record in the first half of 2023

U.S. petroleum product exports totaled nearly 6.0 million barrels per day (b/d) in the first half of 2023, 2% more than during the same period in 2022. The first half of 2023 saw the most U.S. petroleum product exports during the first six months of any year in our Petroleum Supply Monthly data...

Weather events have reduced our forecast of U.S. hydropower generation by 6% this year

Weather events in the U.S. Northwest this past spring and summer led to lower water supply, prompting us to reduce our forecast of U.S. hydropower generation by 6% this year compared with last year. Read More...

Southern California working natural gas storage increases with higher cap at Aliso Canyon

On August 31, the California Public Utilities Commission (CPUC) voted to increase working natural gas storage by 67% to 68.6 billion cubic feet (Bcf) at Aliso Canyon, which increased the Southern California Gas Company’s (SoCalGas) total working natural gas storage to about 120 Bcf. Aliso...

Kuwait’s oil exports shift from crude oil to petroleum products

Kuwait’s oil exports are shifting from crude oil to refined petroleum products following the addition of new refining capacity, according to data in our recently updated Country Analysis Brief: Kuwait. In June and July 2023, Kuwait exported more than 1 million barrels per day (b/d) of...

OPEC+ production cuts drive up sour crude oil price around the world

Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour and heavy, sour grades of crude oil. These cuts are increasing prices for these grades compared with sweet crude oils, reversing typical price relationships. Read More...

Ecuador has continued to expand use of hydroelectric power

Hydropower has played a key and growing role in Ecuador’s electricity mix by displacing fossil fuels and helping meet higher domestic electricity demand. In 2011, hydroelectric power accounted for 55% of the country’s electricity mix, and electricity from fossil fuels accounted for 43%. In 2021...

The United States surpassed two million on-road light-duty electric vehicles in 2021

In 2021, the number of U.S. registered light-duty electric vehicles (EV) on the roads reached 2.13 million vehicles, a sharp increase from the less than 100,000 EVs on the roads in 2012, according to our Monthly Energy Review. Read More...

Changes in U.S. residential natural gas prices lag spot prices

Monthly average natural gas wholesale spot prices at the U.S. benchmark Henry Hub have been generally declining so far in 2023, but these relatively low prices do not immediately translate into lower retail prices for residential consumers. Changes in retail natural gas prices lag changes in...

China imported record volumes of crude oil in the first half of 2023

Record volumes of crude oil were imported into China during the first half of 2023 because of refinery expansions in the country and initiatives to reopen the economy after the government eased COVID-19 mobility restrictions. China imported an average of 11.4 million barrels of crude oil per day...

Energy use for transportation increased from pre-pandemic levels in 2021 in only 12 states

Use of energy for transportation remained low in the United States during 2021 compared with pre-pandemic levels and only increased in 12 states. Average U.S. transportation energy use decreased by 5% from 2019 to 2021, according to our State Energy Data System (SEDS). Although transportation energy...

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