Biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast
Last year, U.S. West Coast distillate consumption, as measured by product supplied, was at its lowest since 2002 and is on track to fall further this year. The growing use of biofuels instead of petroleum diesel is the primary cause for the decline. Renewable diesel has a growing share of the region’s diesel fuel market […]
Two counties in New Mexico account for 29% of Permian Basin crude oil production
In southeastern New Mexico, horizontal wells in the Lea and Eddy counties drove much of the recent growth in Permian Basin crude oil output. Output from horizontal wells in the two counties accounted for 29% of all crude oil production in the Permian in the first quarter of 2023, averaging 1.7 million barrels per day […]
Global liquefied natural gas trade volumes set a new record in 2022
In 2022, global trade in liquefied natural gas (LNG) set a record high, averaging 51.7 billion cubic feet per day (Bcf/d), a 5% increase compared with 2021, according to data by CEDIGAZ. Liquefaction capacity additions, primarily in the United States, drove growth in global LNG trade. At the same time, increased LNG demand in Europe […]
Nonfossil fuel energy sources accounted for 21% of U.S. energy consumption in 2022
Primary energy consumption in the United States was 100.4 quadrillion British thermal units (quads) in 2022, a 3% increase from 2021. About 21% of U.S. energy consumption in 2022 came from nonfossil fuel sources such as renewables and nuclear—a tie with 2020 as the highest share since the early 1900s, according to data in our […]
Energy trade between Mexico and the United States reached a record $81.9 billion in 2022
In 2022, energy trade between the United States and Mexico increased substantially from 2021 because high commodity prices drove up the value of the trade. Energy trade in 2022 between the United States and Mexico totaled $81.9 billion in real prices, an all-time high. Energy trade value is the combined value of energy imports and […]
LNG-exporting Gulf Coast states drove U.S. natural gas demand growth
U.S. natural gas demand (domestic consumption plus gross exports) increased 43%, or 34.5 billion cubic feet per day (Bcf/d), from 2012 to 2022. Demand in the Gulf Coast states of Louisiana and Texas grew by 116%, or 16.0 Bcf/d, driven largely by increased demand for feedgas for liquefied natural gas (LNG) exports. U.S. LNG exports […]
Two-thirds of North America is at risk of energy shortfalls in high summer heat, NERC says
If temperatures spike this summer, parts of the United States could face electricity supply shortages as demand for cooling increases, according to analysis by the North American Electric Reliability Corporation (NERC). The latest summer reliability report from NERC warns that two-thirds of North America is at risk of energy shortfalls this summer during periods of […]
EIA’s weekly natural gas products provide timely natural gas information
We provide daily and weekly information on natural gas market activity and drivers in three weekly products: the Weekly Natural Gas Storage Report, the Natural Gas Storage Dashboard, and the Natural Gas Weekly Update.
U.S. diesel prices have fallen below prices from before Russia’s invasion of Ukraine
U.S. ultra-low sulfur diesel front-month futures prices have declined each month since January 2023 and, as of May, averaged $0.50 per gallon (gal) lower than prices in February 2022, just before Russia’s full-scale invasion of Ukraine. For over a year, Russia’s full-scale invasion of Ukraine, and the reaction to it, has disrupted global crude oil […]
Nigeria was the top crude oil producer in Africa, but disruptions threaten production
For many years, more crude oil was produced in Nigeria than in any other country in Africa. However, unplanned production outages—or disruptions—in Nigeria have, at times, resulted in its crude oil production falling below that of Angola, the second-highest producing country in Africa. Disruptions remain a significant and persistent downside risk to Nigeria’s crude oil […]