US Energy Information Administration news
Falling petroleum consumption prompts Japanese refinery closures
Japanese refiner, ENEOS, permanently closed a 120 000 bpd refinery in western Japan in mid-October, and Idemitsu Kosan plans to close a 120 000 bpd refinery in March 2024.
US gasoline prices decline amid lower gasoline demand and falling crude oil prices
The EIA reports that on 20 November 2023, the regular gasoline retail price averaged US$3.29/gal across the US, 10% less than the same time in 2022.
LNG export capacity from North America likely to more than double through 2027
The US Energy Information Administration (EIA) expects North America’s LNG export capacity to more than double through 2027.
EIA forecasts global oil supply to increase in 2024
The US Energy Information Administration (EIA) expects global liquid fuels production to increase by 1 million bpd in 2024.
EIA: natural gas pipeline capacity being developed for new US LNG export terminals
The EIA reports that natural gas pipeline capacity is being developed for new US LNG export terminals.
EIA: Citgo auction process begins
On 23 October 2023, the US District Court of Delaware initiated a process that will see the sale of three refineries owned by Citgo parent company, PDV Holdings, the US subsidiary of Venezuelan state-owned oil company, Petróleos de Venezuela SA (PdVSA).
EIA: LNG exports from North America are set to expand with new projects
Over the next five years, the EIA predicts North America’s LNG export capacity will expand.
EIA: associated natural gas production increased 9% in 2022
The US Energy Information Administration (EIA) reports that associated natural gas production increased 9% in 2022 due to higher crude oil production.
EIA: global gasoline crack spreads fall amid lower US demand
Low gasoline demand and the switch to winter-grade gasoline pushed the spread between gasoline blendstock and crude oil prices to multiyear lows in early October 2023.
EIA: global energy consumption and emissions will increase through 2050
The US Energy Information Administration (EIA) projects that global energy consumption and associated carbon dioxide emissions will increase through 2050.