Crude oil prices still below 2015 averages
According to the latest report from the EIA, crude oil prices increased in 2016, but are still below 2015 averages.
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According to the latest report from the EIA, crude oil prices increased in 2016, but are still below 2015 averages.
US dry natural gas production increased by 4.5% in 2015 compared to 2014, according to the EIA’s Natural Gas Annual.
According to the EIA, US oil and natural gas proved reserves decrease in 2015 due to lower prices.
On 23 November, the US Environmental Protection Agency (EPA) issued its final rule for the 2017 Renewable Fuel Standard (RFS) programme year, with higher targets than those initially proposed in May.
EIA’s Short Term Energy Outlook projects that the average residential customer will consume 4% more electricity over December through March compared with the same period last winter.
In EIA’s December Short Term Energy Outlook, both the West Texas Intermediate (WTI) and Brent crude oil 2017 price forecasts increased by about US$1/bbl from November.
LNG imports into New England have typically met a significant portion of natural gas demand, but they have declined because of a variety of market conditions.