Today in Energy
The latest news on Energy from the US Energy information administration
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In 2016, U.S. crude oil exports averaged 520,000 barrels per day (b/d), 55,000 b/d (12%) above the 2015 level, despite a year-over-year decline in domestic crude oil production. Even though oil exports have increased, growth in U.S. crude oil exports has slowed significantly from its pace from 2013 to 2015, when annual U.S. crude oil production grew rapidly.
Posted: March 28, 2017, 1:00 pm
Asia is the world's largest consumer of liquefied natural gas (LNG), accounting for three-quarters of global LNG trade and one-third of total global natural gas trade. However, the region lacks a pricing benchmark that can reliably reflect supply and demand changes in Asia's natural gas markets.
Posted: March 27, 2017, 1:00 pm
This February, Maryland increased the renewables generation target in its renewable portfolio standard (RPS) to 25% of retail electricity sales by 2020, replacing the earlier target of 20% by 2022. The change occurred as legislators in both houses of the state’s General Assembly voted to override the governor’s veto of legislation they had first passed in 2016.
Posted: March 24, 2017, 1:00 pm
Brazil generates the third-highest amount of electricity in the Americas, behind only the United States and Canada. In 2016, Brazil had an installed generating capacity of 137 gigawatts (GW) and generated 560 billion kilowatt hours of electricity.
Posted: March 23, 2017, 1:00 pm
For the first time since 2011, California's drought is significantly weakening—a result of one of the wettest winters on record.
Posted: March 22, 2017, 1:00 pm