Market news

State efficiency incentives averaged $24 per customer, ranged from $0 to $128 in 2016

(Wed, 20 Jun 2018) U.S. electric utilities reported spending $3.6 billion on energy efficiency customer incentives in 2016, or an average of $24 per customer, according to EIA’s survey of electric power sales, revenue, and energy efficiency. Energy efficiency spending is reported on an incremental basis, reflecting new programs operating for the first time in 2016 (including start-up costs) or new participants in existing programs.

June 19, 2018 By 0 Comments Read more...

Ethane production growth led to record U.S. natural gas plant liquids production in 2017

(Tue, 19 Jun 2018) U.S. natural gas plant liquids (NGPL) production has nearly doubled since 2010, outpacing the rate of natural gas production growth and setting an annual record of 3.7 million barrels per day (b/d) in 2017. NGPLs are produced at natural gas processing plants, which separate liquids from raw natural gas to produce pipeline-quality dry natural gas. Marketed natural gas includes both NGPLs and dry natural gas.

June 18, 2018 By 0 Comments Read more...

Adoption of autonomous vehicles could increase U.S. transportation energy consumption

(Mon, 18 Jun 2018) Autonomous vehicles are one of the main sources of uncertainty in the future of U.S. transportation energy consumption, as autonomous vehicle technology has the potential to change travel behavior, vehicle design, energy efficiency, and vehicle ownership. Analysis in EIA’s <em>Annual Energy Outlook 2018</em> (AEO2018) shows that the widespread adoption of autonomous vehicles could increase overall light-duty vehicle travel and, depending on how those vehicles are powered, lead to slightly higher transportation energy consumption

June 17, 2018 By 0 Comments Read more...

EIA expects Brent crude prices will average $71 per barrel in 2018, $68 per barrel in 2019

(Fri, 15 Jun 2018) In the June 2018 update of its <em>Short-Term Energy Outlook</em> (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $68/b in 2019. The updated 2019 forecast price is $2/b higher than in the May STEO. Brent crude oil spot prices averaged $77/b in May, an increase of $5/b from April and the highest monthly average price since November 2014. West Texas Intermediate (WTI) prices are forecast to average almost $7/b lower than Brent prices in 2018 and $6/b lower in 2019.

June 14, 2018 By 0 Comments Read more...

Development of Alaska’s ANWR would increase U.S. crude oil production after 2030

(Thu, 14 Jun 2018) In December 2017, the passage of Public Law 115-97 required the U.S. Secretary of the Interior to establish and administer a competitive oil and natural gas program for the leasing, development, production, and transportation of oil and natural gas in and from the coastal plain of the Arctic National Wildlife Refuge (ANWR). Previously, ANWR was effectively under a drilling moratorium. Three sensitivity cases in EIA’s <em>Annual Energy Outlook 2018</em> explore the effect of this law on U.S. crude oil production.

June 13, 2018 By 0 Comments Read more...

Rise in U.S. exports of jet fuel driven by Latin American and Caribbean countries

(Wed, 13 Jun 2018) The United States exported 186,000 barrels per day (b/d) of jet fuel in 2017, the eleventh consecutive year of increasing gross jet fuel exports. Almost two-thirds (62%) of U.S. jet fuel exports went to countries in Latin America and the Caribbean, especially Mexico. Relatively high domestic production and a growing international aviation industry have established the United States as a net exporter of jet fuel for the seventh straight year.

June 12, 2018 By 0 Comments Read more...

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