US Energy Information Administration news

Compliance credits for biomass-based diesel and ethanol have doubled in value since the start of 2026. The credits have increased in price, mostly because of higher US biofuel blending targets, the EIA has reported.

The US EIA has its June STEO, reducing its expectation for global oil demand in 2026 due to high fuel prices, reduced fuel availability, and government initiatives curbing oil consumption.

Weekly estimates suggest US jet fuel production has increased to record highs in response to elevated jet fuel prices after the Strait of Hormuz closed on 28 February 2026, the US EIA has reported.

The EIA has reported that the US is a major energy exporter and importer, especially for petroleum as it sets new record total energy exports.

The US EIA has reported that gasoline prices are higher than in February 2026 because of increasing crude oil prices related to the de facto closure of the Strait of Hormuz, at Memorial Day Weekend.

The EIA forecast US industrial natural gas consumption will climb to record highs through 2027 in the latest Short-Term Energy Outlook.

The US Energy Information Administration has published its May Short-Term Energy Outlook, reflecting a continued disruption to Middle Eastern oil flows.

Total energy production in the US increased to a new record of 107 quadrillion British thermal units in 2025, a 3.4% increase from the previous record set in 2024, driven by record high production in natural gas, crude oil, NGPLs, and renewables.

The US exported nearly 50 000 bpd of renewable diesel and other biofuels in 2H25, about 20% of the combined production for those fuels, the US EIA has reported.

Between the week ending March 20 and the week ending April 24, the US DOE released a total of 17.5 million bbl of crude oil from the US Strategic Petroleum Reserve, according to the EIA.