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Nigeria Country Analysis Brief

(Thu, 25 Jun 2020) Nigeria is the largest crude oil producer in Africa and holds the largest natural gas reserves on the African continent. Hydrocarbon production is an important revenue stream for the government, but commodity price swings and sporadic supply disruptions to production are significant risk factors for the government and the economy.

State Energy Profiles: New monthly data for March and April 2020, new annual data, and updated Profile Analyses and Quick Facts

(Thu, 18 Jun 2020) <p style='color: #666;'>New monthly data are available for</p>
<ul style='color: #666;'>
<li>Electricity</li>
<li>Petroleum</li>
<li>Natural gas</li>
<li>Coal</li>
</ul>
<p style='color: #666;'>New annual data are available for</p>
<ul style='color: #666;'>
<li>Total energy consumption and consumption by end-use sector</li>
<li>Total energy expenditures and expenditures by end-use sector</li>

Average wholesale electricity prices were 40% lower in New England during winter 2019–20

(Wed, 10 Jun 2020) The average spot (wholesale) price of electricity in New England for winter 2019–20 (November 1, 2019–March 31, 2020) was about $28 per megawatthour (MWh), down about 40% from the average price of electricity of $47/MWh for the winter of 2018–19. This price reduction was calculated using Internal Hub prices generated by the Independent System Operator of New England (ISO-NE)—a proxy for the average system prices for wholesale electricity in New England.

2020 refill season posts strong natural gas injections during first two months

(Wed, 10 Jun 2020) The 2020 natural gas storage refill season (April 1–October 31) has started out strong, lagging behind only 2019 and 2015 for total net injections for the Lower 48 states through May. Net injections into working natural gas totaled 102 billion cubic feet (Bcf) for the week ending May 29, 2020. Net injections into working gas exceeded 100 Bcf in four out of the past six weeks, compared with 2019, when net injections into working gas exceeded 100 Bcf in five out of six weeks for a similar time frame.

Natural gas storage capacity remains relatively unchanged in 2019

(Wed, 03 Jun 2020) The U.S. Energy Information Administration’s (EIA) two metrics for assessing 2019 underground working natural gas storage capacity in the Lower 48 states compared with the previous year show mixed results: one metric reported a small increase and the other a small decrease. EIA measures working natural gas storage capacity in two ways: design capacity and demonstrated peak capacity.

The average daily spot natural gas price declined about 40% during winter 2019–20 in New England

(Thu, 21 May 2020) The average spot (wholesale) price of natural gas in New England for winter 2019–20 (November 1, 2019–March 31, 2020) was $3.17 per million British thermal units (MMBtu), down about 40% from $5.40/MMBtu for the winter of 2018–19 based on trends at the Algonquin Gas Transmission (Algonquin) Citygate—a key regional benchmark for natural gas prices in New England. This price was the lowest average price of natural gas since the winter of 2015–16, which (like winter 2019–20) was warmer than normal.

EIA reports first triple-digit net natural gas storage injection since October 2019

(Thu, 07 May 2020) In EIA's Weekly Natural Gas Storage Report (WNGSR) published on May 1, 2020, EIA reported a net injection for the Lower 48 states of 109 billion cubic feet (Bcf)—the biggest net injection since September 27, 2019. The net injection was 35 Bcf more than the typical injection for this particular week, on average, for the past five years (2015-2019). The overall surplus of working natural gas inventory compared with the five-year average is now 395 Bcf.

United Arab Emirates Country Analysis Brief

(Wed, 06 May 2020) The United Arab Emirates, a member of OPEC, is currently the seventh-largest petroleum and other liquids producer in the world. Relatively energy intensive compared with other industrialized countries, the United Arab Emirates’ economy is fueled largely by natural gas and petroleum and other liquids.

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