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.
Changes in U.S. residential natural gas prices lag spot prices
Monthly average natural gas wholesale spot prices at the U.S. 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. Changes in retail natural gas prices lag changes in wholesale natural gas prices, largely due to the nature […]
China imported record volumes of crude oil in the first half of 2023
Record volumes of crude oil were imported into China during the first half of 2023 because of refinery expansions in the country and initiatives to reopen the economy after the government eased COVID-19 mobility restrictions. China imported an average of 11.4 million barrels of crude oil per day (b/d) in the first half of 2023, […]
Energy use for transportation increased from pre-pandemic levels in 2021 in only 12 states
Use of energy for transportation remained low in the United States during 2021 compared with pre-pandemic levels and only increased in 12 states. Average U.S. transportation energy use decreased by 5% from 2019 to 2021, according to our State Energy Data System (SEDS). Although transportation energy use did increase in every state in 2021 compared […]
U.S. ethane production established a new record in April 2023
U.S. ethane production reached a new monthly record of 2.7 million barrels per day (b/d) in April 2023, continuing the upward trend that started in 2013, according to data from our Petroleum Supply Monthly. Increased natural gas and ethane production in the Permian Basin, which spans Texas and New Mexico, drove the national increase.
The United States exported more LNG than any other country in the first half of 2023
The United States exported more liquefied natural gas (LNG) than any other country in the first half of 2023 (1H23), according to data from CEDIGAZ. U.S. LNG exports averaged 11.6 billion cubic feet per day (Bcf/d) during this period, 4% (0.5 Bcf/d) more than in 1H22, according to data from the U.S. Department of Energy’s […]
Record U.S. small-scale solar capacity was added in 2022
We estimate that the United States added 6.4 gigawatts (GW) of small-scale solar capacity in 2022, the most ever in a single year.