In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $68/b in 2019. The updated 2019 forecast price is $2/b higher than in the…
Month: June 2018 (page 2)
Development of Alaska’s ANWR would increase U.S. crude oil production after 2030
In December 2017, the passage of Public Law 115-97 required the U.S. Secretary of the Interior to establish and administer a competitive oil and natural gas program for the leasing, development, production, and transportation of oil and natural gas in…
Rise in U.S. exports of jet fuel driven by Latin American and Caribbean countries
The United States exported 186,000 barrels per day (b/d) of jet fuel in 2017, the eleventh consecutive year of increasing gross jet fuel exports. Almost two-thirds (62%) of U.S. jet fuel exports went to countries in Latin America and the…
Power marketers are increasing their share of U.S. retail electricity sales
Competitive power marketers supplied about 21% of the retail electricity sold in the United States in 2016, up from 11% in 2005. The share of retail electricity sales of regulated investor-owned utilities fell from 62% in 2005 to 52% in…
Global LNG trade continues to grow, especially from Australia and the United States
Global trade in liquefied natural gas (LNG) reached 38.2 billion cubic feet per day (Bcf/d) in 2017, a 10% (3.5 Bcf/d) increase from 2016 and the largest annual volume increase on record, according to the Annual Report on LNG trade…
Southern California’s natural gas infrastructure may face constraints this summer
Regional natural gas infrastructure issues in Southern California could affect electricity reliability this summer, according to separate studies recently released by the Southern California Gas Company (SoCalGas) and the Aliso Canyon Technical Assessment Group. Depending on natural gas infrastructure changes…
U.S. households with more vehicles travel more but use additional vehicles less
Households in the United States with more vehicles not only travel more, but they often put more miles on their most-used (primary) vehicle compared with households with fewer vehicles, according to the Federal Highway Administration’s National Household Travel Survey (NHTS).…
Distillate fuel oil was the most exported U.S. petroleum product in 2017
Distillate fuel continued to be the most exported U.S. petroleum product in 2017, averaging 1.4 million barrels per day (b/d) of gross exports. U.S. distillate exports went to 79 different destinations in 2017, particularly to markets in Central America, South…
EIA’s residential energy survey now includes estimates for more than 20 new end uses
Results from the 2015 Residential Energy Consumption Survey (RECS) introduced estimates of energy consumption for an expanded list of energy end uses. For electricity, the number of end uses estimated has expanded from 4 to 26 by adding estimates for…
EIA reports track U.S. crude oil production statistics and trends
With increasing crude oil prices and rig counts over the past several months, the U.S. Energy Information Administration (EIA) continues to closely monitor U.S. crude oil production trends. EIA publishes several reports that cover current crude oil production conditions and…
