The EIA’s latest Annual Energy Outlook forecasts rising US production and relatively flat consumption.
Figures released by the EIA show that China overtook the US in annual gross crude imports last year, importing 0.5 million bpd more than the US.
Natural gas spot prices at Henry Hub in 2017 averaged about US¢50/million Btu higher than in 2016, according to the US EIA.
According to the EIA, net withdrawals from natural gas storage amounted to 359 billion ft3 for the week ending 5 January 2018.
The EIA projects that growth in global carbon dioxide emissions from energy-related sources will slow, despite increasing energy consumption.
The US EIA suggests that Gulf Coast refinery runs are starting to approach the levels seen prior to Hurricane Harvey.
Changing quality mix is affecting crude oil price differentials and refining decisions, according to the US Energy Information Administration.
The US EIA reports that Hurricane Harvey caused substantial disruptions to crude oil and petroleum product supply chains.