EIA’s analysis indicates that the price effects that result from implementing the new IMO standard will be most acute in 2020 and will diminish over time.
During the week ending November 30, 2018, the United States exported more crude oil and petroleum products than it imported for the first time in weekly data going back to 1991.
EIA projects that US LNG export capacity will become the third largest in the world behind Australia and Qatar by the end of 2019.
On 23 November, the natural gas spot price at the Henry Hub in Louisiana, US, was US$4.70/million Btu, the highest price since a temporary spike in January 2018.
The US Environmental Protection Agency (EPA) issued a final rule for the 2019 Renewable Fuel Standard (RFS) programme.
Flattening year-over-year growth in gasoline demand in the United States, combined with high levels of refinery output, have contributed to low or negative motor gasoline refining margins for refiners along the East and Gulf Coasts.
The EIA’s Today in Energy report finds that renewable diesel net supply to California’s fuel market has increased since the state’s Low Carbon Fuel Standard programme went into effect in 2011.
The US EIA reports that the US trade gap for products has narrowed, with imports 1.5 times greater than exports.
The EIA reports that US natural gas inventories will reach their lowest end-of-October level since 2005.