Tag: inventories/stocks
US power generation using less natural gas each year, despite shift from coal – EIA
Natural gas consumption in power sector highest in summer months because of high demand from air conditioning Based on data through Aug., year-over-year declines in US electric power sector consumption have been partially offset by changes in natural gas trade, as exports have increased and imports have remained relatively flat. EIA’s latest Short-Term Energy Outlook expects the […]
Transportation constraints, export costs widen Brent-WTI crude oil price spread
China is second-largest destination for U.S. crude oil exports In its Nov. Short-Term Energy Outlook (STEO), EIA forecasts the price difference between West Texas Intermediate (WTI) crude oil priced at Cushing, Oklahoma, and Brent, the global crude oil price benchmark, to remain at $6 per barrel (b) through the first quarter of 2018 before narrowing to $4/b […]
Coal stockpiles at US power plants have fallen since last year
57% of US coal-fired electricity generating capacity had over 60 days of burn In Aug. 2017, coal stockpiles at electric power plants were 144 million tons, the lowest monthly level since late 2014, according to EIA’s Electric Power Monthly. Coal stockpiles at U.S. coal-fired power plants typically follow a seasonal pattern of increasing during the spring […]
US natural gas inventories remain lower than 2016, but higher than 5-year average
For most of summer, natural gas production was relatively flat or declining Working natural gas inventory levels in the Lower 48 states since April have been lower than they were in 2016, but they are still higher than the previous five-year average (2012-2016), according to the U.S. Energy Information Administration. For the week ending Sept. 22, natural gas […]
Brent, WTI crude oil prices to average $50 per barrel through 2018
Without further OPEC agreement, EIA expects lower prices in 2018 than forecast Brent crude oil spot prices to average $51/b in 2017 and $52/b in 2018. West Texas Intermediate (WTI) crude oil prices are expected to be $2/b lower than Brent prices in 2017 and 2018, according to the U.S. Energy Information Administration. Daily and […]
U.S. refineries are running at record-high levels
Petroleum product inventories, product supplied, and exports higher than previous 5-year averages Gross inputs to U.S. petroleum refineries, also referred to as refinery runs, averaged a record high 17.7 million barrels per day (b/d) for the week ending May 26, according to the U.S. Energy Information Administration. This, before dropping slightly to 17.5 million b/d […]
US natural gas inventories end heating season above 5-year average
Natural gas consumption in residential, commercial, and industrial sectors remained relatively unchanged Working natural gas in storage as of March 31, the traditional end of the heating season, totaled 2,051 billion cubic feet (Bcf), or almost 15 per cent above the five-year average according to EIA’s Weekly Natural Gas Storage Report. The total inventory of US […]
Natural gas storage capacity up in 2016 as US production soars
Design storage capacity grew 0.7%, even with no new storage facilities For the past three years, underground natural gas storage capacity in the Lower 48 states has changed by relatively small increments compared to the bigger changes in 2012 and 2013, according to the US Energy Information Administration. No new storage facilities have entered service since […]
Increasing US propane exports contribute to large draw on inventories this winter
Most growth in US propane exports serves growing demand from expanding petrochemical sector in Asia US propane inventories, which had been above historical norms since mid-2014, declined by 59 million barrels from the beginning of Oct. 2016 through early March 2017, the largest decline on record for this period, despite unseasonably mild temperatures, according to the […]
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