Today in Energy
Lower compensation rates for residential solar PV generation could reduce overall adoption
Electric utilities in some states have recently changed their policies regarding how they compensate electricity generation from solar photovoltaic (PV) systems installed on residential customers’ homes. An Issues in Focus article published as part of the U.S. Energy Information...
European natural gas storage inventories are at record-high levels at the end of winter
European natural gas storage inventories as of March 1, 2020, were 60% full-the highest ever recorded level for the start of March, according to Gas Storage Europe’s Aggregated Gas Storage Inventory (AGSI+). European stock levels for both January and February 2020 were the highest ever...
China’s crude oil imports surpassed 10 million barrels per day in 2019
China’s annual crude oil imports in 2019 increased to an average of 10.1 million barrels per day (b/d), an increase of 0.9 million b/d from the 2018 average. China remains the world’s top crude oil importer, surpassing the United States in 2017. China’s new refinery capacity and...
Most of Hawaii’s electric battery systems are paired with wind or solar power plants
Nearly all of Hawaii’s utility-scale battery storage capacity is installed with onshore wind turbines or solar photovoltaic (PV) systems, allowing excess electricity from those generators to be stored and used later. As of January 2020, about 30% of Hawaii’s total generating capacity is...
As total U.S. crude oil imports have fallen, imports from Canada have increased
In 2005, U.S. refineries relied heavily on foreign crude oil, importing a record volume of more than 10.1 million barrels per day (b/d). About 60% of the imported crude oil came from four countries: Canada, Mexico, Saudi Arabia, and Venezuela, and each was responsible for between 12% and 16% of...
U.S. coal exports declined in 2019
In 2019, U.S. coal exports declined to 93 million short tons (MMst), a 20% decrease from the previous year, according to the U.S. Energy Information Administration’s Annual Coal Report. The United States exports metallurgical coal and steam coal, and exports of both decreased in 2019. U.S...
EIA analysis shows how carbon fees would reduce carbon dioxide emissions in the near term
As part of its most recent Annual Energy Outlook, the U.S. Energy Information Administration (EIA) conducted three alternative policy cases on how carbon fees affect emissions from fossil fuel consumption. In the short term, even relatively modest carbon fees reduce carbon dioxide (CO2) emissions...
OPEC shift to maintain market share will cause global inventory increases and lower prices
Markets for oil, as well as other commodities and equities, have experienced significant volatility and price declines since the final week in February amid concerns over the economic effects of the 2019 novel coronavirus disease (COVID-19). More recently, markets fell after the Organization of the...
EIA projects air-conditioning energy use to grow faster than any other use in buildings
In the Annual Energy Outlook 2020 (AEO2020) Reference case, the U.S. Energy Information Administration (EIA) projects that delivered energy for air conditioning will increase more than any other end use in residential and commercial buildings (also known as the buildings sector) through 2050, while...
U.S. crude oil exports increased to nearly 3 million barrels per day in 2019
U.S. crude oil exports averaged 2.98 million barrels per day (b/d) in 2019, up 45% (930,000 b/d) from 2018. This growth in U.S. crude oil exports was driven by increasing U.S. crude oil production, expanding domestic infrastructure, and increasing global demand for light, low-sulfur crude oils. The...
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