(Thu, 12 Jan 2017) The U.S. Energy Information Administrationâs January <em>Short-Term Energy Outlook</em> (STEO) forecasts benchmark North Sea Brent and West Texas Intermediate (WTI) crude oil prices to average $53 per barrel (b) and $52/b, respectively, in 2017, close to their levels during the last three weeks of 2016. These prices are expected to rise to $56/b and $55/b, respectively, in 2018.
Consensus forecasts suggest iron ore delivered into China will average around $55-$60/dry mt this year.
(Wed, 11 Jan 2017) Average wholesale electricity prices at major trading hubs across the United States during the first quarter of 2016 were significantly lower than during the same period in 2015, ranging from 24% lower in California to 64% lower in New England.
(Tue, 10 Jan 2017) Once final data are in, EIA expects 24 gigawatts (GW) of new generating capacity to be added to the power grid during 2016. For the third consecutive year, more than half of these additions are renewable technologies, especially wind and solar.
(Mon, 09 Jan 2017) U.S. coal production in 2016 is expected to total 743 million short tons (MMst), 17% lower than in 2015, and the lowest level since 1978. Falling production in 2016 continues an eight-year decline from peak production in 2008.
(Fri, 06 Jan 2017) U.S. regular retail gasoline prices averaged $2.14 per gallon (gal) in 2016, 29 cents/gal (12%) less than in 2015 and the lowest annual average price since 2004. Lower crude oil prices in 2015 were the main cause of lower gasoline prices. In 9 of the 10 cities for which EIA collects weekly retail price data, gasoline prices did not exceed $3.00/gal.
The expected growth in international shipments as a slew of new ethane crackers and associated derivative units start coming online this year has US ports gearing up to nab a piece of the action.
(Thu, 05 Jan 2017) The U.S. Energy Information Administration (EIA) today released the Annual Energy Outlook 2017 (AEO2017), which focuses on the factors expected to shape U.S. energy markets through 2050.
(Thu, 05 Jan 2017) EIAâs <em>Annual Energy Outlook 2017</em> (AEO2017), which will be released this morning, presents updated projections for U.S. energy markets through 2050 based on eight cases. This is the first time that EIA is publishing projections through 2050 in the AEO tables.
With the possibility of greater gasoline exports, the US market may become more dependent on imports to make up the shortfall.
