EIA forecasts mostly flat crude oil prices and increasing global production through 2019

(Thu, 11 Jan 2018) EIA's January <em>Short-Term Energy Outlook</em> forecasts Brent crude oil to average $60 per barrel (b) in 2018 and $61/b in 2019, slightly higher than the $54/b average in 2017. In both 2018 and 2019, EIA expects total global crude oil production to be slightly greater than global consumption, with U.S. crude oil production increasing more than any other country.

Batteries perform many different functions on the power grid

(Mon, 08 Jan 2018) Driven largely by installations over the past three years, the electric power industry has installed about 700 megawatts (MW) of utility-scale batteries on the U.S. electric grid. As of October 2017, these batteries made up about 0.06% of U.S. utility-scale generating capacity.

Cold weather, higher exports result in record natural gas demand

(Fri, 05 Jan 2018) Estimated U.S. natural gas demand on January 1, 2018 reached 150.7 billion cubic feet, surpassing the previous single-day record set in 2014, according to estimates from PointLogic. Much colder-than-normal temperatures across much of the United States have led to increased demand for heating, much of which is provided by natural gas.

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