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EIA
Daily Infographic: EIA expects gasoline and diesel prices to fall in 2022 and 2023 as demand growth slows
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Daily Infographic: EIA Forecasts Crude Oil Prices Will Decline During 2022
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Daily Infographic: EIA projects accelerating renewable consumption and steady liquid fuels growth to 2050
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U.S. LNG exports soar
Figures released yesterday by the U.S. Energy Information Administration (EIA) show that monthly U.S. liquefied natural gas (LNG) exports reached record highs in the first half of 2021, averaging 9.6 billion cubic feet per day (Bcf/d). This average marks an increase of 42%, or 2.8 Bcf/d, compared with the same period in 2020 (according to the U.S. Department of Energy’s LNG Monthly reports and EIA estimates for June 2021, based on shipping data from Bloomberg Finance L.P.).
https://www.marinelog.com/shipping/markets/u-s-lng-exports-soar/
US Gasoline Build Curbs Crude Futures Amid Bullish Economy
Crude oil futures were rangebound in mid-morning trade in Asia April 7 as a build in US gasoline stocks countered a stronger macroeconomic outlook in two closely-watched reports released late April 6, reports Platts.
Lack of equilibriumAt 11:27 am Singapore time (0327 GMT), the ICE Brent June contract was up 9 cents/b (0.14%) from the April 6 settle at $62.83/b, while the May NYMEX light sweet crude contract was 7 cents/b (0.12%) higher at $59.40/b.
US gasoline inventories rose by 4.5 million...
https://mfame.guru/us-gasoline-build-curbs-crude-futures-amid-bullish-economy/
U.S. Petroleum Imports Will Be More Than Exports, Forecasts EIA
EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022, says an article published on their website.
Status changed in 2020Usually, the United States has imported more petroleum than it has exported. That status changed in 2020.
The U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO) estimates that 2020 marked the first year that the United States exported more petroleum than it imported on an annual basis.
Reason for increase...https://mfame.guru/u-s-petroleum-imports-will-be-more-than-exports-forecasts-eia/
Oil Continues To Rally As Crude Inventories Fall!
- Oil jumps after API reports draw in crude oil inventories and API estimated a large build in crude oil inventories of 7.58 million barrels.
- Oil production in the United States fell from 13.1 million bpd to 11.6 million bpd – a drop of 1.5 million bpd.
- Distillate inventories were up by 5.1 million barrels for the week while Cushing inventories saw a draw of 5 million barrels.
Oil jumps after API reports draw in crude oil inventories, writes Julianne Geiger for Oil Price.
Large crude oil...https://mfame.guru/oil-continues-to-rally-as-crude-inventories-fall/
US biofuel production to slowly grow until 2050
The US Energy Information Administration’s (EIA) Annual Energy Outlook 2020 (AEO2020) projects that US biofuel production will slowly increse through 2050, mainly driven by economic and policy factors.
In the Reference case, which reflects current laws and regulations, biofuels production in 2050 is 18% higher than 2019 levels. However, in a side case with higher global crude oil prices, biofuels like fuel ethanol and biodiesel are increasingly consumed as substitutes for petroleum products,...
https://safety4sea.com/us-biofuel-production-to-slowly-grow-until-2050/
EIA: US natural gas consumption achieves record in 2019
The US Energy Information Administration reported that the US natural gas consumption rose by 3% in 2019, achieving a record of 85.0 billion cubic feet per day (Bcf/d). The increase was due to new natural gas-fired electric capacity and lower natural gas prices.
Specifically, the US natural gas consumption grew in the electric power sector by 2.0 Bcf/d, or 7%, but remained relatively flat in the commercial, residential, and industrial sectors.
Exports via pipeline to Mexico and as liquefied...
https://safety4sea.com/eia-us-natural-gas-consumption-achieves-record-in-2019/