US LNG Exports Growth: Driving Natural Gas Industry Forward in 2023
The US LNG exports growth is expected to continue over the next two years, displacing pipeline natural gas exports from Russia to Europe and meeting global demand.
Tagged: EIA
EIA Petroleum Price Forecast: A 5-10% Decline Expected in 2023
EIA petroleum price forecast predicts a 5-10% decline in crude oil, gasoline, and diesel prices in 2023 due to global production, economic growth, and market trends. Learn how these factors impact energy consumption and the oil industry.
Analysts Dispute Diesel Shortage
Analysts dispute diesel shortage. While stockpiles of distillate fuels (diesel and heating oil) are low, the country is not going to suddenly run out of diesel fuel, despite reports of a diesel shortage driven by…
Cold Snap Roiled Gas Market
The February cold snap that pushed liquefied natural gas (LNG) prices to record highs is also roiling liquid petroleum gas (LPG), leading to shortages of the gas that’s used for heating and cooking as well…
Natural Gas Usage to Grow, EIA Report Says
U.S. natural gas market trends from 2018 are expected to continue this year into 2020, including relatively stable Henry Hub natural gas prices and increasing natural gas production and exports, according to the U.S. Energy…
EIA Seeks Input On Biofuel Reporting
The U.S. Energy Information Administration (EIA) is seeking public comments on several changes it intends to make within its Petroleum Supply Reporting System (PSRS), including those related to data collection on biofuels. In December, EIA…
Drillers Awash in Natural Gas
Producers in North Dakota flared 527 million cubic feet of gas per day in 2017, according to industry reports. During that time North and South Dakota consumed about 530 million cubic feet of gas per…
Future bright for natural gas, EIA says
U.S. Energy Information Administration (EIA) just released its Annual Energy Outlook (AEO), and it contains more than a little good news for the natural gas industry. AEO is the federal government’s official energy forecast covering…
U.S. Gasoline Consumption Leveling Off
U.S. gasoline consumption has leveled off as the stimulus provided by low and falling oil prices between 2014 and 2016 has faded, so refiners are increasingly turning to diesel and customers in emerging…
EIA raises crude oil price outlook
The U.S. Energy Information Agency’s (EIA) May “Short-Term Energy Outlook’’ (STEO) predicted Brent crude oil prices would average $71 per barrel this year, $7 higher than what was forecast in April. C…
