Energy news

Brazil Country Analysis Brief

(Tue, 21 Nov 2017) Brazil is a significant energy producer. In 2016, Brazil produced 3.24 million barrels per day (b/d) of petroleum and other liquids, making it the world's ninth-largest producer and the third-largest in the Americas behind the United States and Canada. Increasing domestic oil production has been a long-term goal of the Brazilian government, and discoveries of large, offshore, pre-salt oil deposits have transformed Brazil into a top-10 liquid fuels producer.

November 20, 2017 By 0 Comments Read more...

Low and high economic growth cases for China and India

(Tue, 21 Nov 2017) This report, the second of four Issues in Focus articles from the International Energy Outlook 2017 (IEO2017), discusses the economic developments in India and China and compares results from separate runs of EIA’s World Energy Projection System Plus (WEPS+) model to the projections in the IEO2017. These results help quantify some of the uncertainty associated with the effects that differences in long-term economic growth in China and India may have on international energy markets.

November 20, 2017 By 0 Comments Read more...

Decommissioning nuclear reactors is a long-term and costly process

(Fri, 17 Nov 2017) Since 2013, six commercial nuclear reactors in the United States have shut down, and an additional eight reactors have announced plans to retire by 2025. The retirement process for nuclear power plants involves disposing of nuclear waste and decontaminating equipment and facilities to reduce residual radioactivity, making it much more expensive and time consuming than retiring other power plants.

November 16, 2017 By 0 Comments Read more...

Growth in global energy-related carbon dioxide emissions expected to slow

(Thu, 16 Nov 2017) EIA projects that growth in global carbon dioxide (CO2) emissions from energy-related sources will slow despite increasing energy consumption. EIA’s <em>International Energy Outlook 2017</em> (IEO2017) Reference case projects that energy-related CO2 emissions will grow 0.6% per year from 2015 to 2040, a slower rate of growth than the 1.8% per year experienced from 1990 to 2015.

November 15, 2017 By 0 Comments Read more...

EIA webinar: Forecasting U.S. crude oil production

(Thu, 16 Nov 2017) EIA hosted a webinar discussing trends in U.S. crude oil production during 2017 and the implications for 2018 and 2019. Presenters included: Artem Abramov (Rystad Energy), Phillip Dunning (Drillinginfo), Harold Hamm (Continental Resources), and John Staub (EIA).

November 15, 2017 By 0 Comments Read more...

Transportation constraints and export costs widen the Brent-WTI crude oil price spread

(Wed, 15 Nov 2017) In its November <em>Short-Term Energy Outlook</em> (STEO), EIA forecasts the price difference between West Texas Intermediate (WTI) crude oil priced at Cushing, Oklahoma, and Brent, the global crude oil price benchmark, to remain at $6 per barrel (b) through the first quarter of 2018 before narrowing to $4/b during the second half of 2018.

November 14, 2017 By 0 Comments Read more...

Russia exports most of its crude oil production, mainly to Europe

(Tue, 14 Nov 2017) Russia exported more than 5.2 million barrels per day (b/d) of crude oil and condensate and more than 2.4 million b/d of petroleum products in 2016, mostly to countries in Europe. Exports of crude oil and petroleum products represented nearly 70% of total Russian petroleum liquids production in 2016.

November 13, 2017 By 0 Comments Read more...

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