EIA

EIA: US crude oil production increases, imports remain strong

By augmenting the relatively light domestic crude oil production with relatively heavy crude oil imports, the United States has significantly increased its ability to export refined product, according to the US EIA.

In general, domestically produced crude oil is light when compared with imported oil.

For example, in 2018, 56% of the oil produced in Texas, the largest crude oil-producing state, was relatively light with an API gravity between 40 and 50 degrees.

At the same time, 58% of imported...

https://safety4sea.com/eia-us-crude-oil-production-increases-imports-remain-strong/

EIA: natural gas inventories to reach record levels

The US Energy Information Administration (EIA) in its latest February Short-Term energy outlook, estimates that the Lower 48 states’ working natural gas in storage will end in 2019-2020 winter heating season, at 1.935 billion cubic feet, meaning 12% more inventory in comparison to the previous five-year average.

In fact, this growth came due to the mild winter temperatures and the continuing strong production. EIA further expects that net injections during the refill season from April 1st until...

https://safety4sea.com/eia-natural-gas-inventories-to-reach-record-levels/

EIA: US natural gas production will continue growing

The Energy Information Administration recently issued its Annual Energy Outlook 2020 (AEO2020) highlighting that the total US dry gas production will continue growing until 2050, giving a boost to the US exports of natural gas to the shipping market globally.

In fact, EIA estimates that the net natural gas exports will keep increasing through 2050 while most of the increase will be marked in the near term.

Credit: EIA

The United States began exporting more natural gas than it imports on an annual...

https://safety4sea.com/eia-us-natural-gas-production-will-continue-growing/

EIA amends global liquid fuels demand growth down because of COVID-19

The coronavirus has caused major disruption in the oil sector, as now the Energy Information Administration (EIA) states that the global liquid fuels demand will average 101.7 million barrels per day in 2020.

Specifically, EIA notes that although the global liquid fuels demand will average 101.7 million barrels per day (b/d) in 2020, meaning 1.0 million b/d more than the 2019 average, it will be 378,000 b/d less than what was forecast in the January 2020 edition of the Short-Term Energy Outlook...

https://safety4sea.com/eia-amends-global-liquid-fuels-demand-growth-down-because-of-covid-19/

EIA cuts global oil demand forecast amid coronavirus

The US Energy Information Administration cut its global oil demand growth forecast for 2020 by 310,000 barrels per day (bpd) as the coronavirus outbreak impedes oil consumption in China, the world’s second biggest economy.

Namely, the agency reduced its estimate for global demand in 2020 to an increase of 1.03 million bpd to 101.74 million bpd, according to Reuters.

The new coronavirus has cost the lives of 1,116 people, with confirmed cases exceeding 45,000, and has adversely affected global...

https://safety4sea.com/eia-cuts-global-oil-demand-forecast-amid-coronavirus/

LNG exports from US increased over the week

Data from the Energy Information Administration (EIA) recently showed that exports of liquefied natural gas coming from the United States’ facilities ,marked an increase over the week ending January 29.

According to shipping information by Bloomberg, among January 23 and January 29, a total amount of 21 tankers with a combined LNG-handling capacity of 75 Bcf, departed from the United States.

Last week’s data showed that 15 liquefied natural gas carriers with a combined LNG-carrying capacity of 54...

https://safety4sea.com/lng-exports-from-us-increased-over-the-week/

U.S. weekly LNG exports increase

The Energy Information Administration (EIA) informs that U.S. liquefied natural gas (LNG) exports increased week over week for the week ending Wednesday, January 22.

Specifically, according to data from IHS Markit, the average total supply of natural gas rose by 1% compared with the previous report week, whereas dry natural gas production decreased by 1% compared with the previous report week.

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What is more, 15 LNG vessels (7 from Sabine Pass, 2 from Corpus...

https://safety4sea.com/u-s-weekly-lng-exports-increase/

EIA expects crude oil prices to fall in the first half of 2020

The US Energy Information Administration’s (EIA) published its January Short-Term Energy Outlook (STEO), forecasting that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 and that the West Texas Intermediate (WTI) spot price will average $59/b in 2020 and $62/b in 2021.

Specifically, EIA expects that crude oil prices will remain at high levels in the first few months of 2020, reflecting a price premium on crude oil from recent geopolitical events. However,...

https://safety4sea.com/eia-expects-crude-oil-prices-to-fall-in-the-first-half-of-2020/

EIA: US energy-related CO2 emissions to decrease annually through 2021

The US Energy Information Administration (EIA) forecasts year-over-year decreases in energy-related carbon dioxide (CO2) emissions through 2021. After decreasing by 2.1% in 2019, energy-related CO2 emissions will decrease by 2.0% in 2020 and again by 1.5% in 2021 for a third consecutive year of declines, EIA forecasts in its Short Term Energy Outlook.

These declines come after an increase in 2018 when weather-related factors caused energy-related CO2 emissions to rise 2.9%.

If this forecast...

https://safety4sea.com/eia-us-energy-related-co2-emissions-to-decrease-annually-through-2021/

U.S. oil and natural gas reserves and production set records for 2018

The U.S. Energy Information Administration’s (EIA)  U.S. Crude Oil and Natural Gas Proved Reserves, Year-End 2018 report, informs that U.S. oil and natural gas proved reserves had another record-breaking year.

Specifically, in 2018, U.S. crude oil and lease condensate production increased 583 million barrels (17%) from 2017’s production level, and imports of crude oil decreased 73 million barrels (-3%) from 2017’s import level. U.S. natural gas production increased 12% (3.7 Tcf) in 2018, and...

https://safety4sea.com/u-s-oil-and-natural-gas-reserves-and-production-set-records-for-2018/

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