U.S. Energy Information Administration (EIA)
News
NextEra Energy Dials Up Solar as Power Demand Grows
NextEra’s renewable energy arm added about 2,765 megawatts to its backlog in first-quarter 2024, marking its second-best quarter for renewables — and the best for solar and storage origination.
US NatGas Output to Decline in 2024, While Demand Rises to Record High, EIA Says
The EIA projected dry gas production will ease in 2024 as several producers reduce drilling activities.
Proactive, not Reactive: Taking Measures to Keep Oil Stable
Events threatening instability are commonplace in the energy sector. Panelists at CERAWeek by S&P Global discussed the strategies their companies are taking to tackle uncertainty.
US Leads Global Oil Production for Sixth Straight Year-EIA
The Energy Information Administration says it is unlikely that the record will be broken by another country in the near term.
The Secret to Record US Oil Output? Drilling Efficiencies—EIA
Advances in horizontal drilling and fracking technologies are yielding more efficient oil wells in the U.S. even as the rig count plummets, the Energy Information Administration reported.
EIA: Oil Prices Could Move Up as Global Tensions Threaten Crude Supply
Geopolitical tensions in the Middle East and ongoing risks that threaten global supply have experts questioning where oil prices will move next.
US Drew New No. 3 Record 326 Bcf From Storage in Winter Storm Heather
The draw wiped out nearly all the year-over-year excess natural gas in storage, according to U.S. Energy Information Administration data.
EIA Outlook Shows Energy Storage Capacity Doubling in 2024
U.S. energy storage capacity could expand to more than 30 gigawatts by year-end 2024, the EIA says.
US LNG: A Growing Market Presence
Rising hydrocarbon production has allowed the U.S. to join the world’s leading energy exporters. Robust natural gas production will allow it to stay there.
Low Demand, Falling Oil Prices Weigh on Thanksgiving Gasoline Costs
Tens of millions of Americans are expected to hit the roads this Thanksgiving. But they’ll be paying less at the pump than they did a year ago, according to Energy Information Administration figures.
EIA: October Crude Production May Surpass US Record Set in August
The Energy Information Administration also reported that gas production in the Lower 48 also set a record.
IEO: Energy Consumption, Emissions to Grow Through 2050
According to the Energy Information Administration’s 2023 International Energy Outlook, coal use will taper, natural gas will either stay flat or grow and the U.S. will remain a net oil exporter.
US Drillers Cut Oil and Gas Rigs for Third Quarter in a Row
The oil and gas rig count, an early indicator of future output, fell by seven to 623 in the week to Sept. 29.
EIA Hikes Oil Price Forecast in Wake of OPEC Cuts
The extension of OPEC+ and Saudi Arabia production cuts are predicted to make oil and gasoline more expensive.
Middle Innings: Shale E&Ps’ Slow Struggle to Woo Back Investors
To attract capital back into the sector, the largest oil and gas companies are spending less on exploration and development and more on shareholder returns. How long can they keep the gravy train rolling in different commodity cycles?