US Energy Information Administration news

The US Energy Information Administration has estimated that natural gas processing plant capacity increased by about 5% in the Lower 48 states on a net basis between 2014 and 2017.

US exports of ethane have increased from nearly nothing in 2013 to an average of 260 000 bpd through the first 10 months of 2018.

The US is projected to export more petroleum and other liquids than it imports within the decade.

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 API’s latest statistical report shows that October demand was the strongest since 2006.