China’s natural gas consumption, production, and imports all increased in 2023
In 2023, 7%, or 2.6 billion cubic feet per day (Bcf/d), more natural gas was consumed in China than in 2022, after a decline of 1.1% in 2022 when economic growth was slower, mainly due to China’s zero-COVID policies, leading to a reduction in natural gas consumption.
U.S. wind generation hit record in April 2024, exceeding coal-fired generation
Electricity generation from wind established a new record in the United States in April, and wind generation exceeded coal-fired generation in both March and April, data from our July 2024 Monthly Energy Review show.
Public company proved oil and natural gas reserves were mostly unchanged in 2023
Global proved crude oil and natural gas reserves held by 175 publicly traded global exploration and production (E&P) companies increased by 2.0 billion barrels of oil equivalent (BOE) in 2023, or about 1%, according to data from the companies� annual financial reports.
Domestic uranium market will grow between 2023 and 2024
Uranium miners in the United States produced more than 82,000 pounds of uranium concentrate in the first quarter of 2024, more than in all of 2023. Domestic uranium mines produced 50,000 pounds of triuranium octoxide (U3O8), also called uranium concentrate, in 2023, a significant decrease from the 194,000 pounds produced in 2022.
What is the outlook for U.S. natural gas inventories at the end of injection season?
In our latest Short-Term Energy Outlook, we forecast that U.S. working natural gas inventories will be 3,954 billion cubic feet (Bcf) by the end of October, the most natural gas in U.S. storage since November 2016. We forecast less-than-average cumulative injections for the rest of the injection season (through October) because inventories were relatively well […]
U.S. imports of renewable diesel increased in the early months of 2024
In the first five months of 2024, U.S. imports of renewable diesel averaged 30,000 barrels per day (b/d), approaching the monthly record set in May 2023. Most of the imports (94%) were destined for the U.S. West Coast, where most of the country’s renewable diesel is consumed. All U.S. imports came from Neste’s plants in […]
The most coal is stockpiled at U.S. power plants since 2020
Coal stockpiles at U.S. electric power plants totaled 138 million short tons at the end of May, the most since the first half of 2020 when the effects of the COVID-19 pandemic reduced electricity demand and coal consumption.
Canada’s crude oil has an increasingly significant role in U.S. refineries
Crude oil imports from Canada have become increasingly important to U.S. oil refineries, now making up most U.S. imports. U.S. oil refining capacity stood at 18.4 million barrels per day (b/d) as of January 1, 2024. In 2023, 60% of U.S. crude oil imports originated in Canada, up from 33% in 2013.
Price of carbon allowances in California’s Cap-and-Trade Program fell in latest auction
Allowance prices for greenhouse gas emissions decreased by 11% in California’s quarterly joint carbon auction held in May 2024, breaking the recent upward trend amid uncertainty as to how the state regulator will amend rules governing the auctions.
U.S. refining capacity increased in 2023 with expansions at existing facilities
U.S. refining capacity increased this year for the second time since the COVID-19 pandemic, according to our annual Refinery Capacity Report. U.S. operable atmospheric crude oil distillation capacity, the primary measure of refinery capacity, totaled 18.4 million barrels per calendar day (b/cd) at the start of 2024, a 2% increase compared with the start of […]