US Energy Information Administration news
US ethane demand grew 9% in 2022
In 2022, US ethane demand increased by approximately 9%, or almost 0.2 million bpd, to support the growing petrochemical industry.
EIA: US refinery utilisation to average more than 90% in 2023 and 2024
The EIA forecasts that US refinery utilisation will remain similar to 2022, at above 90% over the next two years, as the industry returns to more typical rates after low refinery utilisation in 2020 and 2021.
EIA: Colorado refinery outage is leading to higher gasoline prices
As a result of the shutdown of Suncor's 103 000 bpd oil refinery in Commerce City, Colorado, US, supply of diesel and gasoline has been disrupted, and prices have risen.
EIA: policy and geopolitical developments affected China’s refinery activity in 2022
Less refinery activity in China resulted from mobility restrictions related to COVID-19, and low petroleum product export quotas.
EIA: crude oil prices increased in 1H22 and declined in 2H22
According to the EIA, the Brent price rose significantly in 1H22 but generally declined in the second half of the year.
EIA: industrial natural gas consumption expected to increase
The EIA forecasts that US industrial natural gas consumption will increase by 3% in 2022, after increasing by 2% in 2021.
EIA: Norway remains a significant natural gas supplier to the EU
Norway is among the top 10 natural gas producing nations in the world and has always been an important source of natural gas to the EU.
China processed a reduced volume of crude oil in 2Q22
In 2Q22, China processed the least amount of crude oil since 1Q20, which is when the COVID-19 pandemic had the strongest effect on the country’s economic activity.
EIA: US exports of petroleum products reached their highest average in 1H22
In 1H22, US exports of petroleum products averaged nearly 6 million bpd – the highest first-half-of-year exports in the EIA's Petroleum Supply Monthly data since 1981.
Disparity in natural gas storage levels across the US
Although total natural gas storage inventories in California, US, are 4% higher than they were one year ago, storage operation and capacity utilisation vary significantly by region.