Tag: forecast
Automatic generation control, market drivers and forecasts – Technavio
Technavio analysts forecast the global automatic generation control (AGC) market to grow at a CAGR of more than 3 per cent during the forecast period, according to their latest report. The research study covers the present scenario and growth prospects of the global AGC market for 2016-2020. The report discusses the major drivers influencing the market growth […]
Winter heating bills likely to increase, but still remain below recent winters
Most US households can expect higher heating expenditures this winter (Oct. through March) compared to last winter, according to EIA’s Winter Fuels Outlook. Winter heating expenditures for most fuels were especially low last winter, when energy prices were relatively low and warm weather reduced heating demand to the lowest level nationally in at least 25 […]
Retail price of regular gasoline forecast to average $2.25 per gallon this summer
Crude oil prices expected to be unchanged at $47/b for rest of summer In the July edition of the Short-Term Energy Outlook (STEO), US Energy Information Administration forecasts that the US retail price for regular gasoline will average $2.25 per gallon this summer (April through Sept.). The forecast price for this summer is lower than […]
US crude oil production forecast to rise significantly by 2040 – EIA
In High Oil Price case, US becomes a net exporter of petroleum and other liquid fuels by 2022 The US Energy Information Administration projects that US petroleum and other liquid fuels production will grow from 14.8 million b/d in 2016 to 18.6 million b/d in 2040 in its Annual Energy Outlook 2016 (AEO2016) Reference case. Other […]
Another year, another setback for Canada – Scotiabank global economic outlook
Price of WTI is expected to rise to about $55/bbl in 2017, which will provide an additional boost to growth in Canada TORONTO, ON– The United Kingdom’s decision to leave the European Union represents a major economic shock to the UK and Europe, according to Scotiabank’s Economics’ Global Outlook. It will lower business and household […]
Aggressive US policy reduces energy use, emissions; boosts renewables, efficiency – EIA
Reductions in transportation energy consumption driven by fuel economy requirements Tax credits and efficiency standards for appliances and vehicles have been key drivers for increasing renewable energy use and energy efficiency in the US according to the US Energy Information Administration. Extending these policies and increasing the stringency of the Clean Power Plan beyond 2030 […]
US becomes net exporter of natural gas by 2018, first time since 1950s.
By 2040, net exports of natural gas reach 7.5 Tcf, which is 18% of total U.S. production The growth in total U.S. dry natural gas production projected in the Annual Energy Outlook 2016 (AEO2016) Reference case results mostly from increased development of shale gas and tight oil plays, according to the US Energy Information Administration. […]
US retail gasoline prices lowest since 2009 ahead of Memorial Day weekend
Most Memorial Day weekend travel will be in vehicles, about 89% of total The U.S. average retail price for gasoline was $2.30 per gallon (gal) on May 23, 47 cents per gallon (cents/gal) lower than at the same time last year, and the lowest average price just before Memorial Day weekend (the start of the […]
Industrial, electric power sectors drive projected growth in US natural gas use
Natural gas consumption through 2040 relatively flat in residential, commercial sectors because of increased equipment efficiency U.S. consumption of natural gas is projected to rise from 28 trillion cubic feet (Tcf) in 2015 to 34 Tcf in 2040, an average increase of about 1 per cent annually, according to EIA’s Annual Energy Outlook 2016 (AEO2016) Reference case. […]
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