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US Energy Information
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US Exported 662,000 B/D of Crude in May, Highest on Record: EIA
Jul 29, 2016US crude exports jumped to their highest level on record in May, coming in at 662,000 b/d, monthly data from the US Energy Information Administration showed Friday. Exports are up from 591,000 b/d in April and have been up steadily from ...
Tags: crude exports, US crude
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Oil Prices to Remain Low Well Into 2016
Dec 29, 2015Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
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North American Coal Industry Faces More Declines in 2016: Moody's
Dec 15, 2015The North American coal industry remains negatively positioned for 2016 with thermal coal facing a slow, long-term decline and metallurgical coal prices unlikely to recover within the next 12 months, a Moody's Investors Service note said ...
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Nymex January Natural Gas Settled at $1.990/Mmbtu, Down 2.5 Cents
Dec 15, 2015The NYMEX January natural gas futures contract settled at $1.990/MMBtu Friday, down 2.5 cents. A prompt-month contract has not settled lower since reaching $1.975/MMBtu on April 24, 2012. The fall in the January contract comes as the ...
Tags: Natural Gas, temperatures, prices
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Exxonmobil Gets Green Light for Argentinian Shale Development
Dec 15, 2015The government of Neuquen, a southwestern province of Argentina, said Monday it has approved ExxonMobil's investment plan for developing shale resources in the Bajo el Choique and La Invernada blocks. The company will work with Gas y ...
Tags: shale, GyP, natural gas
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US Refinery Margin Tracker: Unquenchable Gasoline Demand a Gift for US Refiners
Dec 15, 2015Unseasonably strong gasoline demand is proving for US refiners to be the gift that keeps on giving this holiday season, as support from seasonal diesel demand is tamped down by record high temperatures across much of the US. Gasoline ...
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US Eia to Estimate 4-8 Bcf Natural Gas Storage Injection: Survey
Nov 25, 2015A consensus of analysts surveyed by Platts expects the US Energy Information Administration on Wednesday will estimate a natural gas storage injection of between 4 Bcf and 8 Bcf for the reporting week that ended November 20. The EIA plans ...
Tags: Natural Gas
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US Gulf Coast Hsfo Swaps Market Contango Widens out for DEC/Jan
Nov 24, 2015The December/January US Gulf Coast 3% sulfur fuel oil swap spread moved to a wider contango on Friday, while market sources searched for a fundamental reason to explain the movement. Platts assessed the December/January 3%S spread at a ...
Tags: sulfur fuel oil, USGC fuel oil
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Analysis: US Distillate Stocks Expected to Have Fallen Last Week
Nov 24, 2015With colder temperatures finally hitting much of the northern US last week, many in the oil market will have their eyes on US distillate stocks when the US Energy Information Administration releases its weekly inventory data Wednesday. ...
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NYMEX December Natural Gas Rises 10.2 Cents on Storage Report
Nov 6, 2015NYMEX December natural gas futures settled 10.2 cents higher at $2.364/MMBtu Thursday on the back of a bullish storage report. The US Energy Information Administration announced a 52-Bcf storage injection for the week ended October 30, ...
Tags: NYMEX, Natural Gas
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US Photovoltaics Installations up 41% in 2013
Nov 5, 2015More than 13 GW of solar power generating capacity is now in place across the US, after 2013 witnessed a record 4.8 GW of installations, including some 2.8 GW in utility-scale projects. The explosive growth figures come from GTM ...
Tags: Photovoltaics, solar power, Electricity
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How China to Rewrite The Rules of Solar Energy
Nov 27, 2014Last year China leapfrogged past Germany to become the world’s largest market for solar equipment, according to industry figures. True, a September report showed the former is also set to push global carbon emissions to a record high ...
Tags: Solar Energy, PV
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China May Be Largest Oil User Globally
Nov 15, 2014China may overtake the US as the largest oil consumer globally in the early 2030s as emerging countries will lead growth in oil consumption in the next decades, the International Energy Agency said in a report yesterday. Global oil demand ...
Tags: oil consumer, crude oil
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The NYMEX July Natural Gas Futures Contract Closed 25.4 Cents
Jun 16, 2014The NYMEX July natural gas futures contract closed 25.4 cents higher to a $4.762/MMBtu settlement on Thursday after the US Energy Information Administration reported a lower injection to storage inventories than most expected, prompting ...
Tags: Natural Gas, EIA
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Illinois Basin Market Sentiment Was Mixed This Week
Jun 13, 2014Illinois Basin market sentiment was mixed this week, as some participants said they see prices rising on heightened domestic demand, partly to rebuild stockpiles, while others took a persistently bearish view that increased production in ...