Summer average wholesale electricity prices in western U.S. were highest since 2008

(Tue, 25 Sep 2018) As a result of record-high temperatures and fuel supply constraints this summer, wholesale electricity prices in the western United States reached their highest levels since 2008. In the area served by the California Independent System Operator (CAISO), peak-period electricity prices in July averaged $101 per megawatthour (MWh), the highest monthly average since the current day-ahead market began trading in April 2009.

East Coast refiners receiving more domestic crude oil from Gulf Coast by tanker and barge

(Thu, 20 Sep 2018) Since mid-2017, the East Coast has been receiving as much crude oil by tanker and barge from the Gulf Coast as it has by rail from the Midwest. In April, the volume of crude oil transported by tanker and barge from the Gulf Coast to the East Coast reached the highest level since mid-2014. At the same time, crude oil shipped to the East Coast by rail from the Midwest has fallen 77% from its peak in late 2014.

One in three U.S. households faces a challenge in meeting energy needs

(Wed, 19 Sep 2018) Nearly one-third of U.S. households (31%) reported facing a challenge in paying energy bills or sustaining adequate heating and cooling in their homes in 2015. According to the most recent results from EIA’s <em>Residential Energy Consumption Survey</em> (RECS), about one in five households reported reducing or forgoing necessities such as food and medicine to pay an energy bill, and 14% reported receiving a disconnection notice for energy service.

OPEC net oil export revenues increased in 2017, will likely continue to increase in 2018

(Tue, 18 Sep 2018) Members of the Organization of the Petroleum Exporting Countries (OPEC) received about $567 billion in net oil export revenues in 2017, up 29% from revenues in 2016. Increases in both crude oil prices and in net OPEC oil exports drove revenues higher in 2017, and EIA expects that revenues will continue to increase in 2018, based on EIA’s August Short-Term Energy Outlook.

Natural Gas Storage Dashboard

(Thu, 13 Sep 2018) Today the U.S. Energy Information Administration (EIA) released a new interactive <em>Natural Gas Storage Dashboard</em> with daily and weekly information that provides a broader context to the data released in EIA’s Weekly Natural Gas Storage Report (WNGSR). The new dashboard gives users a comprehensive way to identify Lower 48 and regional storage activity and the key market fundamentals that affect underground natural gas storage activity.

Pages