U.S. natgas futures fall 4% on oil price plunge
U.S. natural gas futures fell about 4% on Tuesday as the gas market followed an 8% drop in oil prices. That gas price decline came even though daily gas output Continue Reading
U.S. power use to reach record high in 2022 as economy grows -EIA
Power lines run from the coal-fired Intermountain Power Project, which will close in 2025, outside U.S. power consumption was on track to rise to record highs in 2022 and 2023 Continue Reading
U.S. crude output and petroleum demand to rise in 2022 -EIA
– U.S. crude production and petroleum demand will both rise in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) Continue Reading
US Cuts Gasoline-Demand Forecast as High Prices Weigh on Drivers
The US will consume less gasoline from July through October than previously thought as pump prices remain historically high. The country’s gasoline demand is now expected to reach 9.07 million Continue Reading
Will Los Angeles Join a Ban on New Gas Stations?
The small but growing Safe Cities movement is looking to LA to help stop the construction of new gas stations across North America. A car leaves a gas station in Continue Reading
Short-Term Energy Outlook
The July Short-Term Energy Outlook (STEO) is subject to heightened uncertainty resulting from a variety of factors, including Russia’s full-scale invasion of Ukraine. The possibility of economic activity being less robust than Continue Reading
API Reports Large Inventory Build As Oil Falls Back Below $100
The American Petroleum Institute (API) reported a large build this week for crude oil of 4.762 million barrels, while analysts predicted a draw of 1.933 million barrels. The build comes Continue Reading
EIA lowers 2022 coal consumption estimates as plants retire
With 14.9 GW of coal-fired capacity to retire in 2022, the Energy Information Administration July 12 estimated 2022 coal consumption at 481.7 million st, down 3.9% on the year. “The Continue Reading
South Central gas storage braces for early start to summer withdrawals
Drawdown of 7-10 Bcf expected in week ended July 8 Southeast summer gas demand up 5.3 Bcf/d vs. 2021 Locations east of Henry Hub trade at $5-$6 premiums The US Continue Reading
USA Diesel and Gasoline Demand Slip
Stress lines in oil consumption are continuing to form. Across oil-consuming economies, stress lines in oil consumption are continuing to form amid tight product supplies and high pump prices. That’s Continue Reading