Floors and ceilings: has OPEC changed its philosophy?
Margaret McQuaile argues that the lack of an OPEC oil output ceiling does not make a great deal of difference in a practical sense, but that philosophically there seems to have been a change.
Heating oil and propane prices are lower this winter
(Thu, 10 Dec 2015) The U.S. Energy Information Administration's State Heating Oil and Propane Program (SHOPP) collects state-level residential heating oil and propane price data in 38 states during the winter heating season. SHOPP is a joint effort between EIA and state energy offices in regions (especially states in the Northeast and Midwest) where heating oil and propane are commonly used as heating fuels.
The day of the MiFID II: How might it impact gas, power traders?
With the EU's controversial MiFid II financial rules tentatively due to come into effect in January 2017, what impact might the Directive have on the region's gas and power traders?
Ticket to ride: Energy outlooks and the few who benefit
If you’ve been involved in any conversations about energy in 2015, there’s very much a sense the industry is gritting its teeth and just trying to get through this period of sustained low prices.
New legislation affects U.S. Strategic Petroleum Reserve
(Wed, 09 Dec 2015) Two recently enacted laws authorize significant sales of crude oil from the Strategic Petroleum Reserve (SPR) over the next decade. The Bipartisan Budget Act authorizes the sale of 58 million barrels of SPR oil between FY 2018-2025 for deficit reduction purposes and an estimated 40-50 million barrels of oil in FY 2017-2020 for SPR modernization. The Fixing America's Surface Transportation Act authorizes the sale of 66 million barrels of oil in FY 2023-25 to help support the Highway Trust Fund.
Oil-indexation of natural gas prices on its way out from the European markets
Examining the history of oil-indexation of natural gas, factors behind the region's increasing preference to hub-pricing, and how new LNG supply is likely to further displace oil-indexed gas.
The Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran
(Tue, 08 Dec 2015) Number 24 in a series of reports required by section 1245 (d) (4) (A) of the National Defense Authorization Act for Fiscal Year 2012, which requires that, not later than 60 days from enactment and every 60 days thereafter, the U.S. Energy Information Administration (EIA) ?submit to Congress a report on the availability and price of petroleum and petroleum products produced in countries other than Iran in the 60-day period preceding the submission of the report.?
Updated EIA survey provides data on spent nuclear fuel in the United States
(Tue, 08 Dec 2015) The U.S Energy Information Administration recently released data from its Nuclear Fuel Data Survey on the amount, type, and characteristics of spent nuclear fuel once it is discharged from a reactor. As nuclear electricity generation has continued to increase, the inventory of discharged spent fuel from nuclear reactors has grown steadily since the 1970s.
Unofficially official: What OPEC's meeting means for US crude production and prices
Following the drama-filled OPEC meeting, Herman Wang and Brian Scheid detail the twists and turns of its Friday announcement about oil production.
Energy use by federal agencies continues to decline
(Mon, 07 Dec 2015) According to the Federal Energy Management Program (FEMP), energy consumption by the U.S. federal government fell to 0.94 quadrillion British thermal units (Btu) in fiscal year (FY) 2014, the lowest level since data collection began in FY 1975. Declines in jet fuel consumption by the U.S. Department of Defense accounted for most of the decrease in federal energy use. Several data series on federal government energy use now appear in EIA's <em>Monthly Energy Review</em>.