The latest news on Energy from the US Energy information administration
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EIA's Weekly Petroleum Status Report (WPSR) provides our most comprehensive data for weekly U.S. crude oil and refined petroleum product balances. Each week, WPSR provides detailed regional and national supply information on crude oil and major petroleum products used in the United States, including motor gasoline, distillate fuel oil, jet fuel, residual fuel, and propane. Our weekly estimates of inventories, refinery operations, and consumption are some of the most timely data series available anywhere to assess physical U.S. crude oil and petroleum product markets.
Posted: August 10, 2022, 12:00 pm
Russia's natural gas exports by pipeline to the European Union (EU) and the United Kingdom (UK) declined by almost 40% during the first seven months of 2022 compared with the same period in 2021 and by almost 50% compared with the previous five-year (2017—21) average, according to data from Refinitiv Eikon. In mid-July 2022, exports declined to 1.2 billion cubic feet per day (Bcf/d), the lowest level in nearly 40 years. Between 2016 and 2020, Russia had accounted for about one-third of the EU's and the UK's supply of natural gas via pipeline, according to Eurostat.
Posted: August 9, 2022, 12:00 pm
In 2020, energy production in the United States fell by record amounts compared with 2019, mostly as a result of decreased economic activity during the COVID-19 pandemic. Wyoming had the largest drop in total energy production among the states, decreasing by 1,264 trillion British thermal units, mostly due to decreased coal production. Seven states saw their largest annual energy production decline in at least 60 years, as reported in our State Energy Data System.
Posted: August 8, 2022, 12:00 pm
After reaching multiyear highs in March, propane spot prices at the Mont Belvieu distribution hub in Texas have steadily declined. Propane prices reached $1.64 per gallon (gal) for the week ending March 11, 2022, the highest inflation-adjusted price since February 2014. Propane prices have declined by 32% since March to $1.14/gal for the week ending July 29, according to data from Refinitiv, an LSEG business.
Posted: August 5, 2022, 12:00 pm
Our latest Natural Gas Pipeline Project Tracker includes five new projects—our newly announced projects and one project under construction—since the last update in April 2022. Of the four new projects, three will expand capacity for existing pipelines, and one will be a new pipeline. If completed as planned, these five projects together would increase takeaway capacity out of the Permian Basin by a combined 4.18 billion cubic feet per day (Bcf/d) over the next two years.
Posted: August 4, 2022, 12:00 pm