US Energy Information Administration news
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.
EIA: historic drought at the Panama Canal causes delays
Delays at the Panama Canal because of low water levels are causing very large gas carrier (VLGC) rates to reach record highs, increasing the cost of shipping LPG.
US petroleum products exports set new record in 1H23
The EIA reports that US exports of petroleum products grew by 2% to nearly 6 million bpd in 1H23.
EIA: changes in US residential natural gas prices lag spot prices
Monthly average natural gas wholesale spot prices at the US benchmark Henry Hub have been generally declining so far in 2023, but these relatively low prices do not immediately translate into lower retail prices for residential consumers.