Energy news

U.S. Gulf Coast port limitations impose additional costs on rising U.S. crude oil exports

(Wed, 16 May 2018) U.S. crude oil exports averaged 1.1 million barrels per day (b/d) in 2017 and 1.6 million b/d so far in 2018, up from less than 0.5 million b/d in 2016. This growth in U.S. crude oil exports happened despite the fact that U.S. Gulf Coast onshore ports cannot fully load Very Large Crude Carriers (VLCC), the largest and most economic vessels used for crude oil transportation. Instead, export growth was achieved using smaller and less cost-effective ships.

May 15, 2018 By 0 Comments Read more...

Tax credits and solar tariffs affect timing of projected renewable power plant deployment

(Tue, 15 May 2018) The timing and magnitude of adding wind- and solar-powered electricity generators to the U.S. grid are sensitive to federal policies, especially federal tax credits that are currently scheduled to expire or diminish by 2022. In addition to the Reference case of EIA’s latest <em>Annual Energy Outlook 2018</em> (AEO2018), which reflects current laws and regulations, three side cases show the potential effects of extending or eliminating certain tax credits.

May 14, 2018 By 0 Comments Read more...

Most of America’s propane exports go to countries in Asia

(Mon, 14 May 2018) In 2017, the United States exported 905,000 barrels per day (b/d) of propane, with the largest volumes going to supply petrochemical feedstock demand in Asian countries. Four of the top five countries receiving U.S. propane exports are in Asia—Japan, China, South Korea, and Singapore.

May 13, 2018 By 0 Comments Read more...

Alternative Policies in Power Generation and Energy Demand Markets

(Mon, 14 May 2018) EIA analyses sensitivities around policies affecting the U.S. energy system using alternative scenarios to the <em>Annual Energy Outlook 2018</em> (AEO2018) Reference case in the areas of renewable electric generation and end-use efficiency. This article presents results from two sets of alternative policy scenarios. The first set of cases looks at renewable tax credits and examines the impacts of tariffs on imported solar photovoltaic (PV) cells and modules.

May 13, 2018 By 0 Comments Read more...

Countries in and around the Middle East are adding coal-fired power plants

(Fri, 11 May 2018) Planned coal-fired capacity additions from a number of countries in and around the Middle East will add 41 gigawatts (GW) of new electric generating capacity over the next decade, based on announced projects and projects currently in the permitting process. Another 3 GW of coal-fired capacity is currently under construction in these countries.

May 10, 2018 By 0 Comments Read more...

EIA raises crude oil, gasoline price forecasts for 2018

(Thu, 10 May 2018) EIA’s May <em>Short-Term Energy Outlook</em> (STEO) forecasts that Brent crude oil prices will average $71 per barrel (b) in 2018, $7/b higher than forecast in last month’s STEO. Correspondingly, EIA’s forecast for regular gasoline retail prices increased to an average of $2.79/gallon (g) in 2018, $0.15/g higher that in last month’s STEO. Monthly average Brent crude oil spot prices have increased in 9 of the past 10 months, most recently averaging $72/b in April.

May 09, 2018 By 0 Comments Read more...

Solar surpasses biomass to become third-most prevalent renewable electricity source

(Wed, 09 May 2018) Electricity generation from solar resources in the United States reached 77 million megawatthours (MWh) in 2017, surpassing for the first time annual generation from biomass resources, which generated 64 million MWh in 2017. Among renewable sources, only hydro and wind generated more electricity in 2017, at 300 million MWh and 254 million MWh, respectively.

May 08, 2018 By 0 Comments Read more...

Pages