Crude oil disruptions in Nigeria increase as a result of militant attacks

(Thu, 18 Aug 2016) Crude oil production disruptions in Nigeria reached 750,000 barrels per day (b/d) in May 2016, the highest level since at least January 2009. The increased disruptions come as militants continue to focus attacks on oil and natural gas infrastructure in the West African region. Nigeria is a member of the Organization of the Petroleum Exporting Countries (OPEC) and was Africa's largest oil producer until Angola's oil production surpassed Nigeria's earlier this year.

Energy-related CO2 emissions from natural gas surpass coal as fuel use patterns change

(Wed, 17 Aug 2016) Energy-associated carbon dioxide (CO2) emissions from natural gas are expected to surpass those from coal for the first time since 1972. Even though natural gas is less carbon-intensive than coal, increases in natural gas consumption and decreases in coal consumption in the past decade have resulted in natural gas-related CO2 emissions surpassing those from coal. EIA's latest <em>Short-Term Energy Outlook</em> projects energy-related CO2 emissions from natural gas to be 10% greater than those from coal in 2016.

U.S. crude oil exports are increasing and reaching more destinations

(Tue, 16 Aug 2016) The number of countries receiving exported U.S. crude oil has risen since the removal of restrictions on exporting U.S. crude oil in December 2015. U.S. crude oil exports have occurred despite relatively small price spreads between international crude oils and domestic crude oils, as well as other factors that should reduce crude oil exports, such as falling U.S. crude oil production and added cargo export costs.

Shale gas production drives world natural gas production growth

(Mon, 15 Aug 2016) In the U.S. Energy Information Administration's International Energy Outlook 2016 (IEO2016) and Annual Energy Outlook 2016 (AEO2016), natural gas production worldwide is projected to increase from 342 billion cubic feet per day (Bcf/d) in 2015 to 554 Bcf/d by 2040. The largest component of this growth is natural gas production from shale resources, which grows from 42 Bcf/d in 2015 to 168 Bcf/d by 2040. Shale gas is expected to account for 30% of world natural gas production by the end of the forecast period.

World tight oil production to more than double from 2015 to 2040

(Fri, 12 Aug 2016) World tight oil production is expected to more than double between 2015 and 2040, increasing from 4.98 million barrels per day (b/d) in 2015 to 10.36 million b/d in 2040, according to the U.S. Energy Information Administration's <em>International Energy Outlook 2016</em> (IEO2016) and <em>Annual Energy Outlook 2016</em> (AEO2016).

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