EIA

EIA: US natural gas production achieves new record high in 2018

According to EIA US natural gas production experienced an increase by 10.0 billion cubic feet per day in 2018, noting an 11% rise in comparison to 2017. The development reported was the largest annual increase in production on record, establishing a record high for a second year in a row.

Specifically, US natural gas production measured as marketed production and dry natural gas production also reached record highs at 89.6 Bcf/d and 83.4 Bcf/d, respectively.

The natural gas gross withdrawals rose...

https://safety4sea.com/us-natural-gas-production-achieves-new-record-high-in-2018/

IEA: US lead global oil supply growth

According to EIA, the US will lead the global oil supply development in the five years following, due to its shale industry strength, while also triggering a fast transformation of global oil markets. By the end of the forecast, US oil exports will pass Russia and close in on Saudi Arabia, providing a greater diversity of supply.

Although, similar to China slowing down, global oil demand is expected to ease, it still rises an annual average of 1.2 mb/d to 2024.

Yet, IEA keeps on seeing no peak in...

https://safety4sea.com/iea-us-lead-global-oil-supply-growth/

EIA: US natural gas processing plant capacity increases

EIA estimates that between 2014 and 2017 natural gas processing capacity and processing throughput increased by around 5%, even as the number of individual plants reduced. Natural gas processing plant utilization rates stayed still at 66% from 2014 to 2017, but numerous states saw significant changes, largely reflecting changes in natural gas production across regions.

As of the end of 2017, 510 active natural gas processing plants were operating in the Lower 48 states with an overall processing...

https://safety4sea.com/eia-us-natural-gas-processing-plant-capacity-increases/

EIA: Global liquid fuels production to surpass demand

As EIA informs, despite relatively lower supply from various major crude oil-producing countries, including Saudi Arabia, Libya, Venezuela, and Canada, global liquid fuels production will surpass global consumption through 2020.

Specifically, EIA forecasts that Brent crude oil prices will average $61 per barrel (b) in 2019 and $62/b in 2020. In addition, EIA expects a higher US crude oil production and slightly lower global oil consumption, which will offset the short-term supply reductions....

https://safety4sea.com/eia-global-liquid-fuels-production-to-surpass-demand/

EIA: US biofuels production, consumption, and trade stable in 2020

EIA launched its February  2019 Short-Term Energy Outlook (STEO), according to which several recent trends in US biofuels markets will continue in 2020. In the outlook the production of fuel ethanol and net imports of biomass-based diesel remains the same, whereas net exports of fuel ethanol experience a decrease. State projects keep on supporting biofuel consumption through 2020; yet, biofuels remain a small share in the overall US liquid transportation fuels supply.

Specifically, the most...

https://safety4sea.com/eia-us-biofuels-production-consumption-and-trade-stable-in-2020/

EIA: US refiners and ocean vessels to change due to sulphur restrictions

EIA published that the implementation of new regulations on marine fuel will affect crude oil and petroleum product markets the following decade. The Administration focuses mainly on the long-term implications of the market changes that will involve changes to ships, marine fuels, refining, and some infrastructure in the next six to eight years.

Mainly, IMO’s new regulations limit the sulphur content by 0.5%. The limit will alter the way the US consume bunker fuel, which according to AEO2019,...

https://safety4sea.com/eia-us-refiners-and-ocean-vessels-to-change-due-to-sulphur-restrictions/

US energy-related CO2 emissions to decrease in 2019,2020

EIA recently published a ‘Short-Term Energy Outlook’, according to which energy-related CO2 emissions rose by 2.8% in 2018 but are expected to decrease in 2019 and 2020. Yet, 2018 is the largest energy related CO2 emissions since 2010.

Mainly, despite the fact that emissions from petroleum, that commonly account for the majority of total CO2, emissions from natural gas on the other hand rose by 10%, driving the overall increase in 2018.

Also, weather conditions and a continuous economic...

https://safety4sea.com/us-energy-related-co2-emissions-to-decrease-in-20192020/

Oil refining capacity to reach a record in 2019

According to EIA’s ‘Oil Market Report’ report, global oil refining capacity is expected to increase rapidly, resulting to a product boost from diesel, to gasoline, to marine fuel. The capacity will grow by 2.6 million barrels per day and the demand for the refined products will be approximately on 1.1 million barrels per day.

Mainly, the rise does not clear the situation for margins, which decreased as the price of crude oil increased in 2018, as stated by the Parisian EIA that is responsible...

https://safety4sea.com/oil-refining-capacity-to-reach-a-record-in-2019/

EIA: US LNG exports decrease week on week

EIA reports that LNG exports from the United States decreased week on week. US LNG export facilities dispatched a total of eight LNG cargoes during the week ending January 16, six from Cheniere’s Sabine Pass facility, and one from its Corpus Christi and Dominion’s Cove Point facilities each. EIA forecasts U.S. LNG exports to increase gradually in 2019 and average 5.1 Bcf/d on an annual basis, up from 3.0 Bcf/d annual average in 2018. In 2020, however, as the new trains ramp up LNG production,...

https://safety4sea.com/eia-us-lng-exports-decrease-week-on-week/

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