Peak hourly U.S. electricity demand in July was the second highest since 2016
On July 27, 2023, peak hourly electricity demand in the continental United States reached 741,815 megawatthours (MWh). This peak was the second highest since we began collecting this data in 2016, just under the all-time high of 742,704 MWh recorded on July 20, 2022.
U.S. exports of natural gas set a record high in the first half of 2023
The United States exported more natural gas in the first half of 2023 (1H23) than it did in the same period of any previous year. Natural gas exports averaged 20.4 billion cubic feet per day (Bcf/d), 4% (0.8 Bcf/d) more than in 1H22, according to our Natural Gas Monthly.
U.S. construction costs dropped for solar, wind, and natural gas-fired generators in 2021
The average construction costs for solar photovoltaic systems, wind turbines, and natural gas-fired electricity generators all decreased in the United States in 2021 compared with 2020, according to our recently released data. Average construction costs fell by 18% from 2020 for natural gas-fired generators, by 5% for wind turbines, and by 6% for solar photovoltaic […]
U.S. petroleum product exports set new record in the first half of 2023
U.S. petroleum product exports totaled nearly 6.0 million barrels per day (b/d) in the first half of 2023, 2% more than during the same period in 2022. The first half of 2023 saw the most U.S. petroleum product exports during the first six months of any year in our Petroleum Supply Monthly data, which date […]
Weather events have reduced our forecast of U.S. hydropower generation by 6% this year
Weather events in the U.S. Northwest this past spring and summer led to lower water supply, prompting us to reduce our forecast of U.S. hydropower generation by 6% this year compared with last year.
Southern California working natural gas storage increases with higher cap at Aliso Canyon
On August 31, the California Public Utilities Commission (CPUC) voted to increase working natural gas storage by 67% to 68.6 billion cubic feet (Bcf) at Aliso Canyon, which increased the Southern California Gas Company’s (SoCalGas) total working natural gas storage to about 120 Bcf. Aliso Canyon is California’s largest underground natural gas storage facility and […]
Kuwait’s oil exports shift from crude oil to petroleum products
Kuwait’s oil exports are shifting from crude oil to refined petroleum products following the addition of new refining capacity, according to data in our recently updated Country Analysis Brief: Kuwait. In June and July 2023, Kuwait exported more than 1 million barrels per day (b/d) of petroleum products and liquified petroleum gas, the highest volume […]
OPEC+ production cuts drive up sour crude oil price around the world
Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour and heavy, sour grades of crude oil. These cuts are increasing prices for these grades compared with sweet crude oils, reversing typical price relationships.
Ecuador has continued to expand use of hydroelectric power
Hydropower has played a key and growing role in Ecuador’s electricity mix by displacing fossil fuels and helping meet higher domestic electricity demand. In 2011, hydroelectric power accounted for 55% of the country’s electricity mix, and electricity from fossil fuels accounted for 43%. In 2021, hydropower produced 79% of Ecuador’s electricity, and fossil fuels produced […]
The United States surpassed two million on-road light-duty electric vehicles in 2021
In 2021, the number of U.S. registered light-duty electric vehicles (EV) on the roads reached 2.13 million vehicles, a sharp increase from the less than 100,000 EVs on the roads in 2012, according to our Monthly Energy Review.