U.S. uranium production up in 2022 after reaching record lows in 2021
Uranium concentrate (U₃O₈) production in the United States was nearly 10 times higher than the previous year in 2022, partly as a result of higher uranium prices. U.S. U₃O₈ production remained near historic lows despite operations resuming at the White Mesa Mill, the United States’ only operating conventional uranium mill.
Difference in natural gas prices between Texas and Henry Hub narrowed in first half 2023
In the first half of 2023 (1H23), natural gas spot prices at Texas hubs traded closer to the U.S. benchmark Henry Hub than in the second half of 2022 (2H22). The price difference narrowed in 1H23 because both Freeport LNG and the El Paso Natural Gas Company’s Line 2000 returned to service in February 2023 […]
U.S. natural gas pipeline exports to Mexico set a monthly high in June 2023
U.S. natural gas pipeline exports to Mexico averaged a record 6.8 billion cubic feet per day (Bcf/d) for June 2023, which is 0.1 Bcf/d greater than the previous record, set in June 2021, according to data from Wood Mackenzie. Natural gas exports to Mexico surpassed 7.0 Bcf/d on nine days in June, driven by higher-than-normal […]
Summer Midwest distillate inventories rise amid high production and transit constraints
Midwest distillate inventories increased rapidly in June and early July due to increased regional refinery production and limitations on moving distillate and other products outside the region. Distillate fuel oil includes products such as diesel fuel and heating oil. In the five weeks between June 9 and July 14, regional distillate inventories increased 18% (4.7 […]
Higher energy prices push United States energy trade with Canada to record-high value
In 2022, the value of energy trade between the United States and Canada surpassed the previous 2008 record high on the back of high commodity prices, according to data from the U.S. Census Bureau. By volume, 2022 energy trade between the two countries remained nearly unchanged from 2021. However, in 2022, because energy prices were […]
First-quarter capital spending by public U.S. oil companies up, cash from operations down
Financial results for 40 publicly traded U.S. oil exploration and production (E&P) companies show capital expenditure in the first quarter of 2023 increased from the fourth quarter of 2022, even though cash from operations declined. Previously, rising crude oil prices in the first half of 2022 had driven increased production and had helped companies post […]
New pumped-storage capacity in China is helping to integrate growing wind and solar power
China is building pumped-storage hydropower facilities to increase the flexibility of the power grid and accommodate growing wind and solar power. As of May 2023, China had 50 gigawatts (GW) of operational pumped-storage capacity, 30% of global capacity and more than any other country.
Qatar natural gas production and exports stable as country eyes expansion
In 2021, Qatar was the world�s sixth-largest dry natural gas producer, the second-largest liquefied natural gas (LNG) exporter, and the third-largest holder of natural gas reserves, according to the data in our recently updated Country Analysis Brief: Qatar.
First new U.S. nuclear reactor since 2016 is now in operation
A new reactor at Georgia�s Vogtle nuclear power plant is now in commercial operation, according to an announcement from Georgia Power, one of the plant�s owners. It is the first new nuclear reactor to start up in the United States since the Tennessee Valley Authority�s Watts Bar 2 was commissioned in 2016.
Developers added 16.8 GW of U.S. utility-scale generating capacity in first-half 2023
In the first half of 2023, developers added 16.8 gigawatts (GW) of new utility-scale electric generating capacity to the U.S. power grid, according to our latest inventory of electric generators. Developers plan to bring an additional 35.2 GW of capacity online in the second half of the year.