Energy news

South Central region follows record net withdrawals with unchanged inventory levels

(Fri, 05 Mar 2021) Working natural gas stocks in EIA’s South Central storage region reported no net change for the week ending February 26, following a record pull for the previous week, according to EIA’s Weekly Natural Gas Storage Report. Much lower regional temperatures contributed to reduced natural gas demand while recovering natural gas production reversed storage balances that had dipped below the five-year minimum in the South Central Salt region for the first time since December 2018.

March 04, 2021 By 0 Comments Read more...

Sustained cold temperatures drive the second largest net withdrawal from working gas stocks in the Lower 48 states

(Tue, 02 Mar 2021) Working gas operators reported the second-largest weekly net withdrawals for the Lower 48 states following a week characterized by widespread extreme cold throughout most of the country, which increased heating demand for natural gas. Net withdrawals from underground natural gas storage facilities totaled 338 billion cubic feet (Bcf) for the week ending February 19, which was 218 Bcf more than the five-year average net withdrawals for the week and only 21 Bcf less than the all-time weekly record withdrawal (359 Bcf reported for the week ending January 5, 2018).

March 01, 2021 By 0 Comments Read more...

Working natural gas storage stocks for the Lower 48 states show largest weekly net decline in two years

(Mon, 22 Feb 2021) This week's net withdrawals from underground natural gas storage facilities were the largest net withdrawals reported in two years, exceeding the five-year average net withdrawals for the week by 95 billion cubic feet (Bcf). Net natural gas withdrawals from storage facilities totaled 237 Bcf for the week ending February 12, 2021. This week’s storage activity matched the 12th-highest value on record since 2010.

February 21, 2021 By 0 Comments Read more...

ISO-New England’s annual Forward Capacity Market auction to take place on February 8, 2021

(Thu, 28 Jan 2021) On Tuesday, February 8, 2021, the Independent System Operator for New England (ISO-NE) will open its annual Forward Capacity Market (FCM) auction. ISO-NE uses the FCM auctions to ensure that the New England power system will have sufficient resources to meet future demand for electricity. Owners of various electricity-related resources (such as generating capacity, demand-side resources, or interregional electricity imports) compete in these auctions to obtain a market-priced capacity payment in exchange for providing electricity resources.

January 27, 2021 By 0 Comments Read more...

Angola Country Analysis Brief

(Mon, 25 Jan 2021) Angola is the second-largest producer in Africa, following Nigeria, and its economy depends heavily on hydrocarbon production for revenue. As a member of OPEC, Angola has agreed to limit its monthly crude oil production as part of the April 15, 2020 agreement, which was made in response to the acute drop in economic activity and global crude oil demand caused by the outbreak of COVID-19.

January 24, 2021 By 0 Comments Read more...

Malaysia Country Analysis Brief

(Mon, 25 Jan 2021) Malaysia is the second-largest oil and natural gas producer in Southeast Asia and is the world’s fifth-largest exporter of liquefied natural gas. It is strategically located amid important routes for seaborne energy trade. Rising domestic and regional energy demand has prompted Malaysia to invest in upstream oil and natural gas projects and in downstream infrastructure such as oil and natural gas import terminals, storage facilities, and refining capacity to ensure adequate energy supply.

January 24, 2021 By 0 Comments Read more...

OPEC Revenues Fact Sheet

(Thu, 14 Jan 2021) The U.S. Energy Information Administration (EIA) forecasts that members of the Organization of the Petroleum Exporting Countries (OPEC) will earn about $323 billion in net oil export revenues in 2020. If realized, this forecast revenue would be the lowest in 18 years. Lower crude oil prices and lower export volumes drive this expected decrease in export revenues.

January 13, 2021 By 0 Comments Read more...

U.S. Energy Atlas

(Mon, 04 Jan 2021) The U.S. Energy Atlas is EIA’s new web-based mapping tool, which features detailed energy infrastructure and enhanced navigation and data accessibility features. The available map layers, based on EIA data, include locations of power plants, coal mines, oil and natural gas wells, pipelines, storage facilities, natural gas processing plants, refineries, and other types of energy facilities. Some of the most notable new features include new energy infrastructure maps and disruptions maps and an open data catalogue. The U.S.

January 03, 2021 By 0 Comments Read more...

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