EIA reports track U.S. crude oil production statistics and trends

(Mon, 04 Jun 2018) With increasing crude oil prices and rig counts over the past several months, the U.S. Energy Information Administration (EIA) continues to closely monitor U.S. crude oil production trends. EIA publishes several reports that cover current crude oil production conditions and how recent trends may affect the near-term outlook for the oil industry.

Costs of different battery storage technologies depend on technical characteristics

(Fri, 01 Jun 2018) Capital costs for large-scale battery storage systems installed across the United States differ depending on technical characteristics. Systems are generally designed to provide either greater power capacity (a battery’s maximum instantaneous power output) or greater energy capacity (the total amount of electricity that can be stored or discharged by a battery system).

Gasoline futures prices are below distillate futures prices, rare for this time of year

(Thu, 31 May 2018) During the spring and summer months, gasoline futures prices are generally higher than distillate futures prices by about 5 cents to 10 cents per gallon (gal). Not only is demand for gasoline in the United States higher in the spring and summer, but the gasoline sold in those months must be summer-grade gasoline, which is more costly to produce.

Total liquid fuels inventories return to five-year averages in the United States and OECD

(Wed, 30 May 2018) Global petroleum inventories declined through 2017 and the first quarter of 2018, marking the end of an extended period of oversupply in global petroleum markets that began before the Organization of the Petroleum Exporting Countries (OPEC) November 2016 agreement to cut production. As OPEC plans to reconvene on June 22, markets now appear more in balance, but uncertainty remains going forward.

Autonomous Vehicles: Uncertainties and Energy Implications

(Wed, 30 May 2018) The potential effect autonomous vehicles may have on the future of personal mobility and freight movement has received considerable attention in recent years. This attention has focused not only on discussion of real and perceived costs of travel, shared-use mobility, travel patterns, vehicle design, and vehicle ownership, but also on how autonomous vehicles may affect energy markets.

Electric power sector consumption of fossil fuels at lowest level since 1994

(Tue, 29 May 2018) Fossil fuel consumption in the electric power sector declined to 22.5 quadrillion British thermal units (quads) in 2017, the lowest level since 1994. The declining trend in fossil fuel consumption by the power sector has been driven by a decrease in the use of coal and petroleum with a slightly offsetting increase in the use of natural gas.

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