US Energy Information Administration news
EIA: China processed record amounts of crude oil in 2021 but exported less gasoline and diesel
China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products.
EIA: natural gas is the most prevalent energy source for electricity generation in the US
The EIA discusses the use of natural gas as a source of energy in the US.
US LNG exports continue to grow
Since the US began exporting more natural gas than it imports on an annual basis in 2017, natural gas exports both by pipeline and as LNG have grown significantly.
EIA: ethane consumption continues to grow
Consumption of ethane has grown every year since 2010 in the US, and more ethane is now consumed in the country than either jet fuel or propane.
US to release crude oil from its Strategic Petroleum Reserve
The US Department of Energy has released 30 million bbl of crude oil from the US Strategic Petroleum Reserve to ensure an adequate supply of petroleum in response to Russia’s further invasion of Ukraine.
EIA: new pipelines to increase natural gas processing
In 2020 and 2021, more than 2000 miles of new liquids pipelines were brought into service. This expansion has allowed natural gas processing plants to process more natural gas and to ship the extracted Y-grade mix to fractionation plants, at low cost.
EIA forecasts supply and consumption of biofuels
In its February 2022 Short-Term Energy Outlook, the EIA introduced new forecasts for biodiesel, renewable diesel and other biofuels.
Europe relies on imports to meet natural gas needs
Imports of natural gas by both pipeline and as LNG provided more than 80% of the supply of natural gas to the EU and the UK in 2020, up from 65% a decade earlier.
Demand for RFO increases whilst production remains low
In November 2021, there was more consumption of residual fuel oil (RFO) in the US, measured as product supplied, than for any month since January 2017.
EIA: US propane prices have fallen
A mild start to this winter’s heating season has caused US propane prices to decline from the highest starting prices since 2014.