Market news

Shipments to gas stations before certain holidays affect gasoline product supplied

(Thu, 30 Aug 2018) U.S. holiday weekends associated with increased driving, such as Labor Day and Memorial Day, often result in large swings or changes in gasoline product supplied. EIA uses product supplied as a proxy for U.S. gasoline consumption. Some of the largest weekly decreases in gasoline product supplied often occur during the weeks of these holidays, reflecting the timing of shipments to retail gasoline stations.

August 29, 2018 By 0 Comments Read more...

Some U.S. electricity generating plants use dry cooling

(Wed, 29 Aug 2018) Cooling systems are often the largest source of water use in power plants because of the large amount of heat that must be removed to condense the steam used to drive turbine generators. Historically, this cooling was provided by water sources such as rivers and lakes, but the number of power plants using dry cooling—a cooling system that uses little to no water—has increased in recent years. Dry cooling systems have relatively high capital costs and require more energy to operate.

August 28, 2018 By 0 Comments Read more...

Appalachia, Permian, Haynesville drive U.S. natural gas production growth

(Tue, 28 Aug 2018) Gross production of natural gas in the United States has generally been increasing for more than a decade and in recent months has been more than 10% higher compared with the same months in 2017. This growth has been driven by production in the Appalachian Basin in the Northeast, the Permian Basin in western Texas and New Mexico, and the Haynesville Shale in Texas and Louisiana. These three regions collectively accounted for less than 15% of total U.S. natural gas production as recently as in 2007, but now they account for nearly 50% of total production.

August 27, 2018 By 0 Comments Read more...

Permian region is expected to drive U.S. crude oil production growth through 2019

(Thu, 23 Aug 2018) EIA’s August <em>Short-Term Energy Outlook</em> (STEO) forecasts that U.S. crude oil production will average 10.7 million barrels per day (b/d) in 2018 and 11.7 million b/d in 2019. If realized, both of these forecast levels would surpass the previous record of 9.6 million b/d set in 1970. This national increase is almost entirely driven by tight oil. In particular, the Permian region in western Texas and eastern New Mexico is expected to account for more than half of the growth in crude oil production through 2019.

August 22, 2018 By 0 Comments Read more...

U.S. natural gas pipeline exports increase with commissioning of new pipelines in Mexico

(Wed, 22 Aug 2018) U.S. natural gas pipeline exports to Mexico have been increasing following expansions of cross-border pipeline capacity. These exports averaged 4.2 billion cubic feet per day (Bcf/d) in 2017 and 4.4 Bcf/d through the first five months of 2018. Based on data compiled by Genscape, natural gas exports to Mexico by pipeline exceeded 5 billion cubic feet per day (Bcf/d) for the first time in July 2018, after the commissioning of several key pipelines in Mexico.

August 21, 2018 By 0 Comments Read more...

U.S. households are holding on to their vehicles longer

(Tue, 21 Aug 2018) The turnover of household vehicles has slowed since 2009, based on U.S. Department of Transportation surveys of household vehicle travel. The 2017 National Household Travel Survey (NHTS) reported that households held on to their cars, trucks, and vans longer. The average vehicle age has increased from 9.3 years in 2009 to 10.5 years in 2017, suggesting that many households have delayed the purchase of a new vehicle and continuing a trend of U.S. households operating vehicles longer.

August 20, 2018 By 0 Comments Read more...

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