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The latest news on Energy from the US Energy information administration
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U.S. crude oil imports from Saudi Arabia and Iraq, two of the United States’ main sources for imported crude oil, have risen since reaching relatively low points in 2014 and 2015. On a combined basis, crude oil imports from these countries are the highest since late 2012.
Posted: February 24, 2017, 1:00 pm
China is the global leader in methanol use and has recently expanded methanol production capacity. Since the early 2000s, China’s methanol consumption in fuel products has risen sharply and is estimated to have been more than 500,000 barrels per day (b/d) in 2016.
Posted: February 23, 2017, 1:00 pm
The United States is expected to become a net exporter of natural gas on an average annual basis by 2018, according to the recently released Annual Energy Outlook 2017 (AEO2017) Reference case. The transition to net exporter is driven by declining pipeline imports, growing pipeline exports, and increasing exports of liquefied natural gas (LNG).
Posted: February 22, 2017, 1:00 pm
U.S. crude oil production increased for the second consecutive month in November 2016, the first time this has occurred since early 2015.
Posted: February 21, 2017, 1:00 pm
Lower crude oil prices in recent years have translated to lower fuel costs and overall lower operating expenses for U.S. passenger airlines. According to the U.S. Department of Transportation�s Bureau of Transportation Statistics (BTS), U.S. passenger airlines� collective net profit increased to $25.6 billion in 2015, up from $7.5 billion in 2014.
Posted: February 17, 2017, 1:00 pm
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