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Tight oil development will continue to drive future U.S. crude oil production

(Thu, 28 Mar 2019) EIA’s Annual Energy Outlook 2019 (AEO2019) Reference case projects that U.S. tight oil production, which became the more common form of oil production in 2015, will continue to increase through 2030, ultimately reaching more than 10 million barrels per day (b/d) in the early 2030s. Tight oil production reached 6.5 million b/d in the United States in 2018, accounting for 61% of total U.S. production. EIA projects further U.S.

March 27, 2019 By 0 Comments Read more...

Near-month natural gas futures prices remain less than $3/MMBtu

(Wed, 27 Mar 2019) Despite U.S. working natural gas stocks that in the past would have been low enough to cause market activity that resulted in very high prices, recent prices of natural gas in the United States remain relatively low. Increasing natural gas production in the United States is likely the key factor that has moderated natural gas price increases given the level of Lower 48 natural gas storage inventories.

March 26, 2019 By 0 Comments Read more...

The Effects of Changes to Marine Fuel Sulfur Limits in 2020 on Energy Markets

(Wed, 27 Mar 2019) A comprehensive report summarizing results from EIA’s <em>Short-Term Energy Outlook</em> and the <em>Annual Energy Outlook 2019</em> on the effects of changes to marine fuel sulfur limits on energy markets from 2020 onwards. The change in sulfur limits has wide-ranging repercussions for the global refining and shipping industries as well for petroleum supply, demand, trade flows, and prices.

March 26, 2019 By 0 Comments Read more...

Permian region crude oil prices have increased with additional pipeline takeaway capacity

(Tue, 26 Mar 2019) Crude oil prices in the Permian region have increased since the beginning of the year as two recent pipeline capacity additions reduced some of the takeaway constraints that developed in the middle of 2018. These transportation constraints had forced producers to use more expensive ways to transport crude oil, resulting in lower received prices.

March 25, 2019 By 0 Comments Read more...

Working natural gas stocks decrease to all-time low in the Pacific region

(Tue, 26 Mar 2019) Working gas stocks in the Pacific totaled 96 billion cubic feet (Bcf) for the week ending March 15, 2019—the lowest level ever reported for the region since implementation of the five-region model for the Weekly Natural Gas Storage Report (WNGSR), dating back to 2010. The previous lowest level reported for the Pacific region occurred in 2014, when working gas fell to 102 Bcf for the week ending March 28, 2014. The Pacific region is highly dependent on natural gas storage stocks because it has little indigenous natural production.

March 25, 2019 By 0 Comments Read more...

Algeria Country Analysis Brief

(Mon, 25 Mar 2019) Algeria is a major crude oil and natural gas producer in Africa and has been an OPEC member since 1969. Algeria exports a large amount of its crude oil and natural gas production to Europe. Many of the crude oil fields in Algeria are mature, and the country is likely to see declines in production if additional upstream investment does not occur.

March 24, 2019 By 0 Comments Read more...

Despite closures, U.S. nuclear electricity generation in 2018 surpassed its previous peak

(Thu, 21 Mar 2019) Electricity generation from U.S. nuclear power plants totaled 807.1 million megawatthours (MWh) in 2018, slightly more than the previous peak of 807.0 million MWh in 2010, based on preliminary annual data. Although several nuclear power plants have closed since 2010, a combination of added capacity through uprates and shorter refueling and maintenance cycles allowed the remaining nuclear power plants to produce more electricity. In the near future, however, EIA expects that U.S. nuclear power output will decline.

March 20, 2019 By 0 Comments Read more...

EIA projects U.S. energy-related CO2 emissions will remain near current level through 2050

(Wed, 20 Mar 2019) Carbon dioxide emissions from U.S. energy consumption will remain near current levels through 2050, according to projections in EIA’s <em>Annual Energy Outlook 2019</em>. The AEO2019 Reference case, which reflects no changes to current laws and regulations and extends current trends in technology, projects that U.S. energy-related carbon dioxide (CO2) emissions will be 5,019 million metric tons in 2050, or 4% below their 2018 value, as emissions associated with coal and petroleum consumption fall and emissions from natural gas consumption rise.

March 19, 2019 By 0 Comments Read more...

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