Otmane El Rhazi from Today in Energy.
U.S.-Mexico crude oil swaps approved last month by the U.S. Department of Commerce's Bureau of Industry and Security will likely involve exchanges of U.S. light sweet crude for Mexican heavy sour crude that is already being exported to the United States. The swaps, which are provided for under regulations governing U.S. crude oil exports, are expected to be economically and environmentally beneficial because of differences in crude oil qualities as well as differences in each country's petroleum refineries
Thursday, 10 September 2015
Wednesday, 9 September 2015
Otmane El Rhazi : Saudi Arabia maintained crude oil market share in Asia in the first half of 2015
Otmane El Rhazi from Today in Energy.
In the first half of 2015, Saudi Arabia exported on average 4.4 million barrels per day (b/d) of crude oil to seven major trading partners in Asia, making up more than half of Saudi Arabia's total crude oil exports over that period. Even as global crude oil prices fell in 2014 and 2015, Saudi Arabia increased production and kept its export levels high, enabling it to maintain its market share in these countries. However, long-term trends within Saudi Arabia's energy sector may reduce its global crude oil market share.
In the first half of 2015, Saudi Arabia exported on average 4.4 million barrels per day (b/d) of crude oil to seven major trading partners in Asia, making up more than half of Saudi Arabia's total crude oil exports over that period. Even as global crude oil prices fell in 2014 and 2015, Saudi Arabia increased production and kept its export levels high, enabling it to maintain its market share in these countries. However, long-term trends within Saudi Arabia's energy sector may reduce its global crude oil market share.
Tuesday, 8 September 2015
Otmane El Rhazi : Electric generator capacity factors vary widely across the world
Otmane El Rhazi from Today in Energy.
The technologies used to generate electricity are similar across regions of the world, but the pattern of use for those generating technologies can be significantly different. Analysis of electric generating plant utilization (measured by annual capacity factors, or the ratio of generation to capacity) over a five-year period shows a wide range of variability among fuel types and across world regions.
The technologies used to generate electricity are similar across regions of the world, but the pattern of use for those generating technologies can be significantly different. Analysis of electric generating plant utilization (measured by annual capacity factors, or the ratio of generation to capacity) over a five-year period shows a wide range of variability among fuel types and across world regions.
Friday, 4 September 2015
Otmane El Rhazi : Gasoline prices in week before Labor Day lowest in 11 years
Otmane El Rhazi from Today in Energy.
The U.S. average retail price for regular gasoline was $2.51/gallon (g) on August 31, the lowest price for the Monday before Labor Day since 2004, and 95¢/g lower than the same time last year. Declines in crude oil prices are the main driver behind falling U.S. gasoline prices.
The U.S. average retail price for regular gasoline was $2.51/gallon (g) on August 31, the lowest price for the Monday before Labor Day since 2004, and 95¢/g lower than the same time last year. Declines in crude oil prices are the main driver behind falling U.S. gasoline prices.
Thursday, 3 September 2015
Otmane El Rhazi : Output per miner-hour rises as smaller coal mines close
Otmane El Rhazi from Today in Energy.
Coal mining productivity increased in 2013, averaging 5.5 short tons per miner hour, reversing a trend of declining productivity since at least 2000. Preliminary data from the Mine Safety and Health Administration indicate a further increase in 2014. Improved productivity at the largest mines, as well as the shrinking number of smaller coal mines, contributed to the rise in overall productivity.
Coal mining productivity increased in 2013, averaging 5.5 short tons per miner hour, reversing a trend of declining productivity since at least 2000. Preliminary data from the Mine Safety and Health Administration indicate a further increase in 2014. Improved productivity at the largest mines, as well as the shrinking number of smaller coal mines, contributed to the rise in overall productivity.
Wednesday, 2 September 2015
Otmane El Rhazi : Effects of removing U.S. crude export restrictions depend on price, resource assumptions
Otmane El Rhazi from Today in Energy.
A new study by the U.S. Energy Information Administration (EIA) on the potential implications of allowing more crude oil exports finds that effects on domestic crude oil production are key to determining the other effects of a policy change. Gasoline prices would be either unchanged or slightly reduced. Trade in crude oil and petroleum products would also be affected.
A new study by the U.S. Energy Information Administration (EIA) on the potential implications of allowing more crude oil exports finds that effects on domestic crude oil production are key to determining the other effects of a policy change. Gasoline prices would be either unchanged or slightly reduced. Trade in crude oil and petroleum products would also be affected.
Tuesday, 1 September 2015
Otmane El Rhazi : Alaska increases wind power capacity in utility- and distributed-scale projects
Otmane El Rhazi from Today in Energy.
Although wind power provided less than 3% of Alaska's electric power generation in 2014, Alaska's wind power capacity has increased 20-fold between 2007 and 2014, growing from 3 megawatts (MW) to 60 MW. This increase is notable in light of the challenges of installing and connecting large wind generators, specifically the high costs of expanding electricity transmission infrastructure in the least densely populated state.
Although wind power provided less than 3% of Alaska's electric power generation in 2014, Alaska's wind power capacity has increased 20-fold between 2007 and 2014, growing from 3 megawatts (MW) to 60 MW. This increase is notable in light of the challenges of installing and connecting large wind generators, specifically the high costs of expanding electricity transmission infrastructure in the least densely populated state.
Monday, 31 August 2015
Otmane El Rhazi : EIA improves monthly reporting of crude oil production
Otmane El Rhazi from Today in Energy.
With the planned release of the Petroleum Supply Monthly (PSM) later today, EIA is incorporating the first survey-based reporting of monthly crude oil production based on an expansion of its survey program earlier this year. Today's PSM includes EIA's first reporting of June crude oil production. EIA also begins using new survey data from multiple states and regions within the United States, and revises figures previously reported for January through May 2015.
With the planned release of the Petroleum Supply Monthly (PSM) later today, EIA is incorporating the first survey-based reporting of monthly crude oil production based on an expansion of its survey program earlier this year. Today's PSM includes EIA's first reporting of June crude oil production. EIA also begins using new survey data from multiple states and regions within the United States, and revises figures previously reported for January through May 2015.
Friday, 28 August 2015
Otmane El Rhazi : Reduced offshore share in U.S. oil and natural gas production lowers risk from hurricanes
Otmane El Rhazi from Today in Energy.
The domestic market for distributed wind turbines has weakened since the record capacity additions in 2012. Last year's installations of mid-size and small wind turbines were the lowest in a decade. Relatively low electricity prices, competition from other distributed energy sources, and relatively high permitting and other nonmaterial costs have presented challenges to the distributed wind market in the United States.
The domestic market for distributed wind turbines has weakened since the record capacity additions in 2012. Last year's installations of mid-size and small wind turbines were the lowest in a decade. Relatively low electricity prices, competition from other distributed energy sources, and relatively high permitting and other nonmaterial costs have presented challenges to the distributed wind market in the United States.
Thursday, 27 August 2015
Otmane El Rhazi : Domestic market for distributed wind turbines faces several challenges
Otmane El Rhazi from Today in Energy.
The domestic market for distributed wind turbines has weakened since the record capacity additions in 2012. Last year's installations of mid-size and small wind turbines were the lowest in a decade. Relatively low electricity prices, competition from other distributed energy sources, and relatively high permitting and other nonmaterial costs have presented challenges to the distributed wind market in the United States.
The domestic market for distributed wind turbines has weakened since the record capacity additions in 2012. Last year's installations of mid-size and small wind turbines were the lowest in a decade. Relatively low electricity prices, competition from other distributed energy sources, and relatively high permitting and other nonmaterial costs have presented challenges to the distributed wind market in the United States.
Wednesday, 26 August 2015
Otmane El Rhazi : EIA expects near-term decline in natural gas production in major shale regions
Otmane El Rhazi from Today in Energy.
Natural gas production across all major shale regions in EIA's Drilling Productivity Report is projected to decrease for the first time in September. Production from these seven shale regions reached a high in May at 45.6 billion cubic feet per day (Bcf/d) and is expected to decline to 44.9 Bcf/d in September. In each region, production from new wells is not large enough to offset production declines from existing, legacy wells.
Natural gas production across all major shale regions in EIA's Drilling Productivity Report is projected to decrease for the first time in September. Production from these seven shale regions reached a high in May at 45.6 billion cubic feet per day (Bcf/d) and is expected to decline to 44.9 Bcf/d in September. In each region, production from new wells is not large enough to offset production declines from existing, legacy wells.
Tuesday, 25 August 2015
Otmane El Rhazi : India's coal industry in flux as government sets ambitious coal production targets
Otmane El Rhazi from Today in Energy.
Coal consumption in India, particularly in the electric power sector, is outpacing India's domestic production. From 2005 to 2012, India's coal production grew by only 4.7% per year to about 600 million metric tons while the country's coal-fired electric power capacity grew by a much faster rate, reaching 150 gigawatts. To help resolve the shortfall in coal supply, India has set a coal production target of 1.5 billion metric tons by 2020.
Coal consumption in India, particularly in the electric power sector, is outpacing India's domestic production. From 2005 to 2012, India's coal production grew by only 4.7% per year to about 600 million metric tons while the country's coal-fired electric power capacity grew by a much faster rate, reaching 150 gigawatts. To help resolve the shortfall in coal supply, India has set a coal production target of 1.5 billion metric tons by 2020.
Monday, 24 August 2015
Otmane El Rhazi : Growing global liquids inventories reflect lower crude oil prices
Otmane El Rhazi from Today in Energy.
Continued growth in global production of petroleum and other liquids has outpaced consumption growth since August 2014, resulting in rising global liquids stocks. Total global liquids inventories are estimated to have grown by 2.3 million barrels per day through the first seven months of 2015, the highest level of inventory builds through July of any year since 1998, putting significant downward pressure on near-term crude oil prices.
Continued growth in global production of petroleum and other liquids has outpaced consumption growth since August 2014, resulting in rising global liquids stocks. Total global liquids inventories are estimated to have grown by 2.3 million barrels per day through the first seven months of 2015, the highest level of inventory builds through July of any year since 1998, putting significant downward pressure on near-term crude oil prices.
Friday, 21 August 2015
Otmane El Rhazi : Major fossil fuel-producing states rely heavily on severance taxes
Otmane El Rhazi from Today in Energy.
Several states that produce large amounts of fossil fuels rely heavily on severance tax revenue—taxes based on the volume and/or value of oil, natural gas, coal, and other natural resources. On average, severance taxes accounted for less than 2% of state tax collections in 2014, but in three states—Alaska, North Dakota, and Wyoming—severance taxes provided a much larger share of total state tax revenue in that year.
Several states that produce large amounts of fossil fuels rely heavily on severance tax revenue—taxes based on the volume and/or value of oil, natural gas, coal, and other natural resources. On average, severance taxes accounted for less than 2% of state tax collections in 2014, but in three states—Alaska, North Dakota, and Wyoming—severance taxes provided a much larger share of total state tax revenue in that year.
Thursday, 20 August 2015
Otmane El Rhazi : Australia shifts investment from wind projects to other renewable sources
Otmane El Rhazi from Today in Energy.
Australia's Clean Energy Finance Corporation (CEFC) last month was directed to stop investing in future wind power projects. Australian Prime Minister Tony Abbott stated that CEFC should be investing in the development of new technologies rather than in technologies that are currently established, such as large-scale wind farms.
Australia's Clean Energy Finance Corporation (CEFC) last month was directed to stop investing in future wind power projects. Australian Prime Minister Tony Abbott stated that CEFC should be investing in the development of new technologies rather than in technologies that are currently established, such as large-scale wind farms.
Wednesday, 19 August 2015
Otmane El Rhazi : EIA lowers crude oil price forecast through 2016
Otmane El Rhazi from Today in Energy.
Amid high uncertainty in the global oil market, EIA has lowered crude oil price forecasts, expecting West Texas Intermediate crude oil prices to average $49 per barrel (b) in 2015 and $54/b in 2016, $6/b and $8/b lower than forecast in last month's STEO, respectively. Concerns over the pace of economic growth in emerging markets, continuing (albeit slowing) supply growth, increases in global liquids inventories, and the possibility of increasing volumes of Iranian crude oil on the market contributed to the changed forecast.
Amid high uncertainty in the global oil market, EIA has lowered crude oil price forecasts, expecting West Texas Intermediate crude oil prices to average $49 per barrel (b) in 2015 and $54/b in 2016, $6/b and $8/b lower than forecast in last month's STEO, respectively. Concerns over the pace of economic growth in emerging markets, continuing (albeit slowing) supply growth, increases in global liquids inventories, and the possibility of increasing volumes of Iranian crude oil on the market contributed to the changed forecast.
Tuesday, 18 August 2015
Otmane El Rhazi : Unplanned refinery outage leads to higher Midwest gasoline prices
Otmane El Rhazi from Today in Energy.
On August 8, the BP refinery in Whiting, Indiana, the largest petroleum refinery in the Midwest, experienced an unplanned outage and was forced to reduce production. The BP Whiting refinery has a crude oil distillation unit (CDU) capacity of 413,500 barrels per calendar day (b/d), and it is an important source of gasoline and distillate fuel oil supply to the region.
On August 8, the BP refinery in Whiting, Indiana, the largest petroleum refinery in the Midwest, experienced an unplanned outage and was forced to reduce production. The BP Whiting refinery has a crude oil distillation unit (CDU) capacity of 413,500 barrels per calendar day (b/d), and it is an important source of gasoline and distillate fuel oil supply to the region.
Monday, 17 August 2015
Otmane El Rhazi : Texas electric grid serves record-high power demand
Otmane El Rhazi from Today in Energy.
During the recent heat wave in Texas, the Electricity Reliability Council of Texas (ERCOT), the operator of the electric grid covering most of the state, set a new record for electricity use when demand for electricity reached 69.8 gigawatts (GW) between 4:00 p.m. and 5:00 p.m. on August 10. ERCOT has been able to handle this extremely high demand without any system emergencies.
During the recent heat wave in Texas, the Electricity Reliability Council of Texas (ERCOT), the operator of the electric grid covering most of the state, set a new record for electricity use when demand for electricity reached 69.8 gigawatts (GW) between 4:00 p.m. and 5:00 p.m. on August 10. ERCOT has been able to handle this extremely high demand without any system emergencies.
Friday, 14 August 2015
Otmane El Rhazi : First offshore wind farm in the United States begins construction
Otmane El Rhazi from Today in Energy.
In July, American offshore wind developer, Deepwater Wind, installed the first foundation for what is expected to be the first offshore wind farm in the United States. The project will be located three miles southeast of Block Island, Rhode Island.
In July, American offshore wind developer, Deepwater Wind, installed the first foundation for what is expected to be the first offshore wind farm in the United States. The project will be located three miles southeast of Block Island, Rhode Island.
Thursday, 13 August 2015
Otmane El Rhazi : Nuclear accord creates potential for additional crude oil production from Iran
Otmane El Rhazi from Today in Energy.
On July 14, the P5+1 (the five permanent members of the United Nations Security Council and Germany) and Iran announced an agreement that could result in relief from United States and European Union nuclear-related sanctions (which include some oil-related sanctions). If the agreement is implemented and sanctions relief occurs, it will put additional Iranian oil supplies on a global market that has already seen oil inventories rise significantly over the past year.
On July 14, the P5+1 (the five permanent members of the United Nations Security Council and Germany) and Iran announced an agreement that could result in relief from United States and European Union nuclear-related sanctions (which include some oil-related sanctions). If the agreement is implemented and sanctions relief occurs, it will put additional Iranian oil supplies on a global market that has already seen oil inventories rise significantly over the past year.
Wednesday, 12 August 2015
Otmane El Rhazi : Japan restarts first nuclear reactor under new safety rules
Otmane El Rhazi from Today in Energy.
On August 11, Kyushu Electric Power Company's 846 megawatt Sendai Nuclear Power Station Unit 1 became the first reactor to restart after nearly two years with no generation from nuclear power plants in Japan. Following the disaster at Fukushima in 2011, Japan began a temporary shutdown of all nuclear plants as each reactor entered scheduled maintenance and refueling outages. Following its restart, Sendai Unit 1 will begin generating electricity within days and return to normal operation in early September.
On August 11, Kyushu Electric Power Company's 846 megawatt Sendai Nuclear Power Station Unit 1 became the first reactor to restart after nearly two years with no generation from nuclear power plants in Japan. Following the disaster at Fukushima in 2011, Japan began a temporary shutdown of all nuclear plants as each reactor entered scheduled maintenance and refueling outages. Following its restart, Sendai Unit 1 will begin generating electricity within days and return to normal operation in early September.
Tuesday, 11 August 2015
Otmane El Rhazi : West Coast wind patterns lead to below-normal wind generation capacity factors
Otmane El Rhazi from Today in Energy.
A drop in average wind speeds in the western United States during early 2015 led to reduced generation from wind plants in California, Oregon, and Washington. As a result, wind plant utilization rates, also known as plant capacity factors, were consistently below the previous five-year average during the first five months of 2015, according to the latest data available.
A drop in average wind speeds in the western United States during early 2015 led to reduced generation from wind plants in California, Oregon, and Washington. As a result, wind plant utilization rates, also known as plant capacity factors, were consistently below the previous five-year average during the first five months of 2015, according to the latest data available.
Monday, 10 August 2015
Otmane El Rhazi : Rail helps make Midwest a net shipper of crude oil
Otmane El Rhazi from Today in Energy.
Shipments of crude oil out of the Midwest region to other U.S. regions have steadily increased as a result of pipeline reversals and rail transport. Rail movements out of the Midwest contributed to the region becoming a net shipper of crude oil. Without these rail movements, the Midwest region would still be a net recipient.
Shipments of crude oil out of the Midwest region to other U.S. regions have steadily increased as a result of pipeline reversals and rail transport. Rail movements out of the Midwest contributed to the region becoming a net shipper of crude oil. Without these rail movements, the Midwest region would still be a net recipient.
Friday, 7 August 2015
Otmane El Rhazi : U.S. refineries are running at record high levels
Otmane El Rhazi from Today in Energy.
Gross inputs to U.S. refineries exceeded 17 million barrels per day (b/d) in each of the past four weeks, a level not previously reached since EIA began publishing weekly data in 1990. The rolling four-week average of U.S. gross refinery inputs has been above the previous five-year range (2010-14) every week so far this year. The record high gross inputs reflect both higher refinery capacity and higher utilization rates.
Gross inputs to U.S. refineries exceeded 17 million barrels per day (b/d) in each of the past four weeks, a level not previously reached since EIA began publishing weekly data in 1990. The rolling four-week average of U.S. gross refinery inputs has been above the previous five-year range (2010-14) every week so far this year. The record high gross inputs reflect both higher refinery capacity and higher utilization rates.
Thursday, 6 August 2015
Otmane El Rhazi : Russia is world's largest producer of crude oil and lease condensate
Otmane El Rhazi from Today in Energy.
Russia is the world's largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas, after the United States. Hydrocarbons play a large role in the Russian economy, as revenue from oil and natural gas production and exports accounts for more than half of Russia's federal budget revenue. However, recent international sanctions on Russia, coupled with low oil prices, have put pressure on the Russian economy.
Russia is the world's largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas, after the United States. Hydrocarbons play a large role in the Russian economy, as revenue from oil and natural gas production and exports accounts for more than half of Russia's federal budget revenue. However, recent international sanctions on Russia, coupled with low oil prices, have put pressure on the Russian economy.
Wednesday, 5 August 2015
Otmane El Rhazi : Monthly power sector carbon dioxide emissions reach 27-year low in April
Otmane El Rhazi from Today in Energy.
The electric power sector emitted 128 million metric tons of carbon dioxide (MMmt CO2) in April 2015, the lowest for any month since April 1988, according to the most recent estimates in EIA's Monthly Energy Review.
The electric power sector emitted 128 million metric tons of carbon dioxide (MMmt CO2) in April 2015, the lowest for any month since April 1988, according to the most recent estimates in EIA's Monthly Energy Review.
Tuesday, 4 August 2015
Otmane El Rhazi : Algeria is reforming its laws to attract foreign investment in hydrocarbons
Otmane El Rhazi from Today in Energy.
Algeria is the third-largest oil producer in Africa, after Nigeria and Angola, and the largest natural gas producer in Africa. However, production of both oil and natural gas has declined over the past decade. This declining production has led the Algerian government to amend its law regarding foreign investment in hydrocarbons in an attempt to attract the investment and technology improvements needed to help stop production declines.
Algeria is the third-largest oil producer in Africa, after Nigeria and Angola, and the largest natural gas producer in Africa. However, production of both oil and natural gas has declined over the past decade. This declining production has led the Algerian government to amend its law regarding foreign investment in hydrocarbons in an attempt to attract the investment and technology improvements needed to help stop production declines.
Monday, 3 August 2015
Otmane El Rhazi : Coal, nuclear, and renewables expected to boost Vietnam's electricity capacity
Otmane El Rhazi from Today in Energy.
Vietnam is poised to significantly transform its electrical power generation mix over the next two decades as it modernizes the country's agrarian economy to become a more industrialized nation. To accommodate greater industrial expansion and to support energy security goals, Vietnam is significantly increasing its total electricity generating capacity. As part of its capacity expansion, Vietnam plans to add substantial coal-fired capacity and also plans to build the first nuclear reactors in Southeast Asia and the first offshore wind farm in Asia.
Vietnam is poised to significantly transform its electrical power generation mix over the next two decades as it modernizes the country's agrarian economy to become a more industrialized nation. To accommodate greater industrial expansion and to support energy security goals, Vietnam is significantly increasing its total electricity generating capacity. As part of its capacity expansion, Vietnam plans to add substantial coal-fired capacity and also plans to build the first nuclear reactors in Southeast Asia and the first offshore wind farm in Asia.
Friday, 31 July 2015
Otmane El Rhazi : Electricity from natural gas surpasses coal for first time, but just for one month
Otmane El Rhazi from Today in Energy.
In April, traditionally the month when total electricity demand is lowest, U.S. generation of electricity fueled by natural gas exceeded coal-fired generation for the first time since the start of EIA's monthly generation data in 1973. However, EIA's latest Electric Power Monthly shows that coal's generation share once again exceeded that of natural gas during May. Total generation from coal and natural gas in May increased 14% from its April level, with coal generation accounting for 65% of the combined increase.
In April, traditionally the month when total electricity demand is lowest, U.S. generation of electricity fueled by natural gas exceeded coal-fired generation for the first time since the start of EIA's monthly generation data in 1973. However, EIA's latest Electric Power Monthly shows that coal's generation share once again exceeded that of natural gas during May. Total generation from coal and natural gas in May increased 14% from its April level, with coal generation accounting for 65% of the combined increase.
Thursday, 30 July 2015
Otmane El Rhazi : EIA reports show different aspects of U.S. oil production statistics and trends
Otmane El Rhazi from Today in Energy.
EIA publishes several reports covering current crude oil and natural gas production conditions and how recent trends may affect the near-term outlook for the oil and gas industry. Each EIA product is distinct in its purpose, methodology, timeframe, and regional coverage. Some reports are considered estimates of actual production volumes, while others focus on future production.
EIA publishes several reports covering current crude oil and natural gas production conditions and how recent trends may affect the near-term outlook for the oil and gas industry. Each EIA product is distinct in its purpose, methodology, timeframe, and regional coverage. Some reports are considered estimates of actual production volumes, while others focus on future production.
Wednesday, 29 July 2015
Otmane El Rhazi : New methanol and fertilizer plants to increase already-growing industrial natural gas use
Otmane El Rhazi from Today in Energy.
Reversing a decline that lasted more than a decade, industrial natural gas consumption has grown steadily since 2009 as relatively low natural gas prices have supported use of natural gas as a feedstock for the production of bulk chemicals. Industrial facilities, including methanol plants and ammonia- or urea-based fertilizer plants, consumed an average of 21.0 billion cubic feet per day of natural gas in 2014, a 24% increase from 2009.
Reversing a decline that lasted more than a decade, industrial natural gas consumption has grown steadily since 2009 as relatively low natural gas prices have supported use of natural gas as a feedstock for the production of bulk chemicals. Industrial facilities, including methanol plants and ammonia- or urea-based fertilizer plants, consumed an average of 21.0 billion cubic feet per day of natural gas in 2014, a 24% increase from 2009.
Tuesday, 28 July 2015
Otmane El Rhazi : Marcellus, Utica provide 85% of U.S. shale gas production growth since start of 2012
Otmane El Rhazi from Today in Energy.
The productivity of natural gas wells in the Marcellus Shale and the neighboring Utica Shale is steadily increasing because of ongoing improvements in precision and efficiency of horizontal drilling and hydraulic fracturing occurring in those regions. Since January 2012, natural gas production in the Marcellus and Utica regions has accounted for 85% of the increase in production reported in EIA's Drilling Productivity Report and has driven recent growth in total U.S. natural gas production.
The productivity of natural gas wells in the Marcellus Shale and the neighboring Utica Shale is steadily increasing because of ongoing improvements in precision and efficiency of horizontal drilling and hydraulic fracturing occurring in those regions. Since January 2012, natural gas production in the Marcellus and Utica regions has accounted for 85% of the increase in production reported in EIA's Drilling Productivity Report and has driven recent growth in total U.S. natural gas production.
Monday, 27 July 2015
Otmane El Rhazi : Natural gas salt-facility storage serves special gas market needs
Otmane El Rhazi from Today in Energy.
Natural gas stored in salt facilities, principally in the greater Gulf Coast gas-producing region, accounts for only 10% of storage capacity in the Lower 48 states, but it provides 28% of daily deliverability.
Natural gas stored in salt facilities, principally in the greater Gulf Coast gas-producing region, accounts for only 10% of storage capacity in the Lower 48 states, but it provides 28% of daily deliverability.
Friday, 24 July 2015
Otmane El Rhazi : U.S. nuclear outages are low during summer peak electricity demand season
Otmane El Rhazi from Today in Energy.
As the country reaches the summer peak electricity demand season, nearly all U.S. nuclear generators have returned from refueling outages. Total outages were less than 1.5 gigawatts (GW) on July 6, the lowest level since late January. Daily nuclear outage levels and plant-by-plant status updates can be found in EIA's new Status of U.S. Nuclear Outages page.
As the country reaches the summer peak electricity demand season, nearly all U.S. nuclear generators have returned from refueling outages. Total outages were less than 1.5 gigawatts (GW) on July 6, the lowest level since late January. Daily nuclear outage levels and plant-by-plant status updates can be found in EIA's new Status of U.S. Nuclear Outages page.
Thursday, 23 July 2015
Otmane El Rhazi : Average diesel retail price below gasoline price for first time in six years
Otmane El Rhazi from Today in Energy.
On July 13, the U.S. average diesel fuel retail price fell below the average regular gasoline retail price for the first time since the week of August 10, 2009. From August 2009 through June of this year, retail diesel fuel prices sold at an average premium of 34 cents per gallon (gal) over regular grade gasoline, with the difference reaching more than 90 cents/gal in January.
On July 13, the U.S. average diesel fuel retail price fell below the average regular gasoline retail price for the first time since the week of August 10, 2009. From August 2009 through June of this year, retail diesel fuel prices sold at an average premium of 34 cents per gallon (gal) over regular grade gasoline, with the difference reaching more than 90 cents/gal in January.
Wednesday, 22 July 2015
Otmane El Rhazi : Beyond Shell-BG, oil company merger activity is down
Otmane El Rhazi from Today in Energy.
The second quarter of 2015 exhibited the largest amount of oil companies' merger and acquisition (M&A) activity by value since fourth-quarter 2012. The announced merger between Royal Dutch Shell and BG Group in early April accounted for $84 billion of the $115 billion quarterly total.
The second quarter of 2015 exhibited the largest amount of oil companies' merger and acquisition (M&A) activity by value since fourth-quarter 2012. The announced merger between Royal Dutch Shell and BG Group in early April accounted for $84 billion of the $115 billion quarterly total.
Tuesday, 21 July 2015
Otmane El Rhazi : Consensus process provides alternate approach to energy efficiency standard development
Otmane El Rhazi from Today in Energy.
Last month a group of industry stakeholders, and energy efficiency and environmental advocates, along with the Department of Energy (DOE), proposed consensus energy conservation standards for multiple commercial heating and cooling equipment types. DOE estimates these standards could save about 15 quadrillion Btu over 30 years. The working group represents an alternate approach to energy efficiency standards development within the DOE
Last month a group of industry stakeholders, and energy efficiency and environmental advocates, along with the Department of Energy (DOE), proposed consensus energy conservation standards for multiple commercial heating and cooling equipment types. DOE estimates these standards could save about 15 quadrillion Btu over 30 years. The working group represents an alternate approach to energy efficiency standards development within the DOE
Monday, 20 July 2015
Otmane El Rhazi : China will soon surpass South Korea, Russia, and Japan in nuclear generating capacity
Otmane El Rhazi from Today in Energy.
Nuclear power currently makes up slightly more than 2% of China's total power generation. However, the Chinese government has a stated goal to provide at least 15% of overall energy consumption by 2020 (increasing to 20% by 2030) from non-fossil fuel sources, including nuclear, hydroelectricity and other renewable sources. To help achieve this target, China plans to increase nuclear capacity to 58 gigawatts (GW) and to have 30 GW of capacity under construction by 2020.
Nuclear power currently makes up slightly more than 2% of China's total power generation. However, the Chinese government has a stated goal to provide at least 15% of overall energy consumption by 2020 (increasing to 20% by 2030) from non-fossil fuel sources, including nuclear, hydroelectricity and other renewable sources. To help achieve this target, China plans to increase nuclear capacity to 58 gigawatts (GW) and to have 30 GW of capacity under construction by 2020.
Friday, 17 July 2015
Otmane El Rhazi : U.S. nuclear outages are low during summer peak electricity demand season
Otmane El Rhazi from Today in Energy.
As the country reaches the summer peak electricity demand season, nearly all U.S. nuclear generators have returned from refueling outages. Total outages were less than 1.5 gigawatts (GW) on July 6, the lowest level since late January. Daily nuclear outage levels and plant-by-plant status updates can be found in EIA's new Status of U.S. Nuclear Outages page.
As the country reaches the summer peak electricity demand season, nearly all U.S. nuclear generators have returned from refueling outages. Total outages were less than 1.5 gigawatts (GW) on July 6, the lowest level since late January. Daily nuclear outage levels and plant-by-plant status updates can be found in EIA's new Status of U.S. Nuclear Outages page.
Thursday, 16 July 2015
Otmane El Rhazi : EIA now reporting monthly base gas levels in underground natural gas storage
Otmane El Rhazi from Today in Energy.
With the release of the most recent Natural Gas Monthly, EIA began publishing base gas levels in natural gas storage facilities through the natural gas query system. Base gas plays an important role in underground natural gas storage, serving to maintain cavern or reservoir pressure and keeping natural gas storage facilities operational.
With the release of the most recent Natural Gas Monthly, EIA began publishing base gas levels in natural gas storage facilities through the natural gas query system. Base gas plays an important role in underground natural gas storage, serving to maintain cavern or reservoir pressure and keeping natural gas storage facilities operational.
Wednesday, 15 July 2015
Otmane El Rhazi : In Rocky Mountain region, increased crude production is being shipped by pipeline, rail
Otmane El Rhazi from Today in Energy.
Rail and pipeline shipments of crude oil from the Rocky Mountain region (PADD 4) have steadily increased as regional crude oil production has increased. The recently released Petroleum Supply Monthly, which contains data for April 2015, shows that 122,000 barrels per day of crude oil was moved by rail from PADD 4 to other regions of the country, representing 19% of total crude shipments from the region.
Rail and pipeline shipments of crude oil from the Rocky Mountain region (PADD 4) have steadily increased as regional crude oil production has increased. The recently released Petroleum Supply Monthly, which contains data for April 2015, shows that 122,000 barrels per day of crude oil was moved by rail from PADD 4 to other regions of the country, representing 19% of total crude shipments from the region.
Tuesday, 14 July 2015
Otmane El Rhazi : Summer gasoline prices are lowest in years
Otmane El Rhazi from Today in Energy.
The average retail price for motor gasoline this summer (April through September) is expected to be $2.67 per gallon, the lowest price (in real dollars, meaing adjusted for inflation) since 2009, based on projections in EIA's Short-Term Energy Outlook (STEO). This decline is mainly the result of the projected 41% year-over-year decline in the average price of North Sea Brent crude oil.
The average retail price for motor gasoline this summer (April through September) is expected to be $2.67 per gallon, the lowest price (in real dollars, meaing adjusted for inflation) since 2009, based on projections in EIA's Short-Term Energy Outlook (STEO). This decline is mainly the result of the projected 41% year-over-year decline in the average price of North Sea Brent crude oil.
Monday, 13 July 2015
Otmane El Rhazi : Last Monday's large percentage decline in crude oil prices was relatively rare
Otmane El Rhazi from Today in Energy.
The front-month futures price for crude oil benchmark West Texas Intermediate declined 7.7% on Monday, July 6, the largest single-day decline in percentage terms since February 4. Uncertainty over Greece's fiscal position, volatility in the Chinese stock market, and uncertain prospects for a nuclear deal with Iran were cited as immediate factors affecting expectations for future crude oil supply and demand. Other market indicators over past weeks, such as the stabilization of the U.S. rig count and growing petroleum product inventories, may have also contributed to lower prices.
The front-month futures price for crude oil benchmark West Texas Intermediate declined 7.7% on Monday, July 6, the largest single-day decline in percentage terms since February 4. Uncertainty over Greece's fiscal position, volatility in the Chinese stock market, and uncertain prospects for a nuclear deal with Iran were cited as immediate factors affecting expectations for future crude oil supply and demand. Other market indicators over past weeks, such as the stabilization of the U.S. rig count and growing petroleum product inventories, may have also contributed to lower prices.
Friday, 10 July 2015
Otmane El Rhazi : EIA's estimates for state crude oil production account for incomplete, lagged data
Otmane El Rhazi from Today in Energy.
Market analysts have a keen interest in understanding how crude oil production has been affected by recent changes in crude oil prices and drilling activity. EIA develops state-level production estimates based in part on state-level data. However, data from state agencies are often incomplete when first published because of late reporting and processing delays. Because EIA's methodology for state-level production estimates aims to anticipate and account for expected revisions to data collected by the states, production data published by EIA and state agencies can differ.
Market analysts have a keen interest in understanding how crude oil production has been affected by recent changes in crude oil prices and drilling activity. EIA develops state-level production estimates based in part on state-level data. However, data from state agencies are often incomplete when first published because of late reporting and processing delays. Because EIA's methodology for state-level production estimates aims to anticipate and account for expected revisions to data collected by the states, production data published by EIA and state agencies can differ.
Thursday, 9 July 2015
Otmane El Rhazi : U.S.-Canada electricity trade increases
Otmane El Rhazi from Today in Energy.
U.S. electricity trade with Canada is increasing, providing more economic and reliability benefits to both the United States and Canada. Although the amount of electricity imported over the Canadian border is a small part of the overall U.S. power supply, the transmission connections linking Canada and the United States are an important component of the electricity markets in northern states.
U.S. electricity trade with Canada is increasing, providing more economic and reliability benefits to both the United States and Canada. Although the amount of electricity imported over the Canadian border is a small part of the overall U.S. power supply, the transmission connections linking Canada and the United States are an important component of the electricity markets in northern states.
Wednesday, 8 July 2015
Otmane El Rhazi : Net petroleum product exports continue to increase
Otmane El Rhazi from Today in Energy.
Over the past decade, domestic refinery output of petroleum products has grown significantly while consumption has declined, resulting in a major increase in product exports. Petroleum product exports averaged 4.1 million barrels per day (b/d) in the first four months of the year, an increase of 0.5 million b/d over exports the same time last year. Product imports are also higher than last year, but to a lesser extent, leading to an increase in net petroleum product exports.
Over the past decade, domestic refinery output of petroleum products has grown significantly while consumption has declined, resulting in a major increase in product exports. Petroleum product exports averaged 4.1 million barrels per day (b/d) in the first four months of the year, an increase of 0.5 million b/d over exports the same time last year. Product imports are also higher than last year, but to a lesser extent, leading to an increase in net petroleum product exports.
Monday, 6 July 2015
Otmane El Rhazi : California grid expected to maintain reliability despite drought
Otmane El Rhazi from Today in Energy.
According to the North American Electric Reliability Corporation (NERC), the bulk power system in California is not expected to lose grid reliability this summer, despite a drought that has lowered hydroelectric generation. Overall, NERC expects more than 72 gigawatts (GW) of electric generating capacity to be available this summer in the part of the electric grid covering much of California.
According to the North American Electric Reliability Corporation (NERC), the bulk power system in California is not expected to lose grid reliability this summer, despite a drought that has lowered hydroelectric generation. Overall, NERC expects more than 72 gigawatts (GW) of electric generating capacity to be available this summer in the part of the electric grid covering much of California.
Thursday, 2 July 2015
Otmane El Rhazi : Fossil fuels have made up at least 80% of U.S. fuel mix since 1900
Otmane El Rhazi from Today in Energy.
While the overall energy history of the United States is one of significant change, three fossil fuel sources—petroleum, natural gas, and coal—have made up at least 80% of total U.S. energy consumption for more than 100 years. Recent increases in the domestic production of petroleum liquids and natural gas have prompted shifts between the uses of fossil fuels, but the predominance of these three energy sources is likely to continue.
While the overall energy history of the United States is one of significant change, three fossil fuel sources—petroleum, natural gas, and coal—have made up at least 80% of total U.S. energy consumption for more than 100 years. Recent increases in the domestic production of petroleum liquids and natural gas have prompted shifts between the uses of fossil fuels, but the predominance of these three energy sources is likely to continue.
Wednesday, 1 July 2015
Otmane El Rhazi : EIA expands geographic coverage of natural gas production with new data for 10 states
Otmane El Rhazi from Today in Energy.
Beginning this week, EIA is expanding its reporting of monthly natural gas production by 10 additional states. The addition of these states significantly enhances EIA's monthly coverage. Accompanying EIA's expanded coverage is a new webpage, Monthly Crude Oil and Natural Gas Production, which replaces the Monthly Natural Gas Gross Production Report.
Beginning this week, EIA is expanding its reporting of monthly natural gas production by 10 additional states. The addition of these states significantly enhances EIA's monthly coverage. Accompanying EIA's expanded coverage is a new webpage, Monthly Crude Oil and Natural Gas Production, which replaces the Monthly Natural Gas Gross Production Report.
Tuesday, 30 June 2015
Otmane El Rhazi : EIA celebrates 20 years on the Internet
Otmane El Rhazi from Today in Energy.
On July 1, 1995, EIA became the first agency within the U.S. Department of Energy to venture onto the Internet. In an era before Google, Facebook, and Internet Explorer, the Internet had about 40 million users and 23,500 websites. The seven users who visited EIA.gov on its first day of operation had access to a few dozen web pages and 200 files. Although the initial version of the website looked rather primitive, the website quickly established itself as the agency's primary communications channel.
On July 1, 1995, EIA became the first agency within the U.S. Department of Energy to venture onto the Internet. In an era before Google, Facebook, and Internet Explorer, the Internet had about 40 million users and 23,500 websites. The seven users who visited EIA.gov on its first day of operation had access to a few dozen web pages and 200 files. Although the initial version of the website looked rather primitive, the website quickly established itself as the agency's primary communications channel.
Monday, 29 June 2015
Otmane El Rhazi : Hawaii and Vermont set high renewable portfolio standard targets
Otmane El Rhazi from Today in Energy.
Two states recently passed legislation that would require significant increases in renewable electricity generation. On June 8, Hawaii updated legislation setting a 100% renewable portfolio standard (RPS) by 2045. On June 11, Vermont passed a bill creating a 75% RPS by 2032. Both of these RPS target percentages are higher than any other RPS target in the United States.
Two states recently passed legislation that would require significant increases in renewable electricity generation. On June 8, Hawaii updated legislation setting a 100% renewable portfolio standard (RPS) by 2045. On June 11, Vermont passed a bill creating a 75% RPS by 2032. Both of these RPS target percentages are higher than any other RPS target in the United States.
Friday, 26 June 2015
Otmane El Rhazi : Argentina and China lead shale development outside North America in first-half 2015
Otmane El Rhazi from Today in Energy.
As recently as last year, only four countries in the world were producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil): the United States and Canada, and more recently, Argentina and China. Beyond these four countries, other countries have started exploring and producing hydrocarbons from shale and other tight resources.
As recently as last year, only four countries in the world were producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil): the United States and Canada, and more recently, Argentina and China. Beyond these four countries, other countries have started exploring and producing hydrocarbons from shale and other tight resources.
Thursday, 25 June 2015
Otmane El Rhazi : U.S. refinery capacity reaches 18 million barrels per day
Otmane El Rhazi from Today in Energy.
Increased refinery runs—based on increases in both capacity and utilization—have helped accommodate increases in U.S. crude oil production. The United States' capacity to refine crude oil into petroleum products—measured as operable atmospheric crude distillation unit capacity—increased by 0.2% in 2014, reaching 18.0 million barrels per calendar day, according to EIA's recently released annual Refinery Capacity Report.
Increased refinery runs—based on increases in both capacity and utilization—have helped accommodate increases in U.S. crude oil production. The United States' capacity to refine crude oil into petroleum products—measured as operable atmospheric crude distillation unit capacity—increased by 0.2% in 2014, reaching 18.0 million barrels per calendar day, according to EIA's recently released annual Refinery Capacity Report.
Wednesday, 24 June 2015
Otmane El Rhazi : Under sanctions, Iran's crude oil exports have nearly halved in three years
Otmane El Rhazi from Today in Energy.
In early April this year, Iran and the five permanent members of the United Nations Security Council plus Germany reached a framework agreement to guide negotiations targeting a comprehensive agreement by June 30. The comprehensive agreement could result in the lifting of crude oil-related sanctions against Iran, which in turn could result in an increase in Iran's crude oil production and exports. However, the ultimate decision and the timing that sanctions could be lifted are highly uncertain
In early April this year, Iran and the five permanent members of the United Nations Security Council plus Germany reached a framework agreement to guide negotiations targeting a comprehensive agreement by June 30. The comprehensive agreement could result in the lifting of crude oil-related sanctions against Iran, which in turn could result in an increase in Iran's crude oil production and exports. However, the ultimate decision and the timing that sanctions could be lifted are highly uncertain
Tuesday, 23 June 2015
Otmane El Rhazi : Oil and natural gas production job declines tend to lag oil price declines
Otmane El Rhazi from Today in Energy.
Employment in oil and natural gas extraction and support activities in the United States reached nearly 538,000 in October 2014, but then declined by about 35,000 jobs, or 6.5%, over the following six months, through April 2015, according to data from the Bureau of Labor Statistics.
Employment in oil and natural gas extraction and support activities in the United States reached nearly 538,000 in October 2014, but then declined by about 35,000 jobs, or 6.5%, over the following six months, through April 2015, according to data from the Bureau of Labor Statistics.
Monday, 22 June 2015
Otmane El Rhazi : U.S. crude oil production growth helps Gulf Coast imports
Otmane El Rhazi from Today in Energy.
In recent years, higher domestic production of light, tight crude oil has led to a reduction in crude oil imports. Certain types of crude oil have been affected more than others; for example, the increased economic availability of domestic light, tight crude oil has virtually eliminated Gulf Coast imports of light crude oil. In the past year, Gulf Coast imports of medium crude oil have also fallen because of increased production from the Eagle Ford, Bakken, and Permian regions.
In recent years, higher domestic production of light, tight crude oil has led to a reduction in crude oil imports. Certain types of crude oil have been affected more than others; for example, the increased economic availability of domestic light, tight crude oil has virtually eliminated Gulf Coast imports of light crude oil. In the past year, Gulf Coast imports of medium crude oil have also fallen because of increased production from the Eagle Ford, Bakken, and Permian regions.
Friday, 19 June 2015
Otmane El Rhazi : Europe aims for wider electricity market coordination
Otmane El Rhazi from Today in Energy.
The European Union (EU) has long sought more reliable ways to produce and distribute electricity and to coordinate its energy markets, including greater cross-border trading of electricity. The February coupling of electricity markets in Italy and France marks the most recent step toward an integrated European market. With this achievement, the majority of EU power markets are now linked.
The European Union (EU) has long sought more reliable ways to produce and distribute electricity and to coordinate its energy markets, including greater cross-border trading of electricity. The February coupling of electricity markets in Italy and France marks the most recent step toward an integrated European market. With this achievement, the majority of EU power markets are now linked.
Thursday, 18 June 2015
Otmane El Rhazi : Oilfield costs fall following decline in oil prices
Otmane El Rhazi from Today in Energy.
As oil prices declined—falling more than 50% from June 2014 to January 2015, before increasing slightly in spring 2015—energy production companies focused efforts on increasing operating efficiencies.
As oil prices declined—falling more than 50% from June 2014 to January 2015, before increasing slightly in spring 2015—energy production companies focused efforts on increasing operating efficiencies.
Wednesday, 17 June 2015
Otmane El Rhazi : Refiner margins unable to fully offset low upstream earnings for integrated oil companies
Otmane El Rhazi from Today in Energy.
First-quarter 2015 financial results for globally integrated oil companies show that total earnings were $22 billion (54%) lower than first-quarter 2014. Lower crude oil prices contributed to a decline in profits in the upstream sector of $28 billion (80%) compared to first-quarter 2014. Profits in the downstream sector, however, were the largest for any quarter since third-quarter 2012, almost $6 billion (95%) higher than in first-quarter 2014, which offset some of the decline from the upstream segment
First-quarter 2015 financial results for globally integrated oil companies show that total earnings were $22 billion (54%) lower than first-quarter 2014. Lower crude oil prices contributed to a decline in profits in the upstream sector of $28 billion (80%) compared to first-quarter 2014. Profits in the downstream sector, however, were the largest for any quarter since third-quarter 2012, almost $6 billion (95%) higher than in first-quarter 2014, which offset some of the decline from the upstream segment
Tuesday, 16 June 2015
Otmane El Rhazi : EIA's mapping system highlights energy infrastructure across the United States
Otmane El Rhazi from Today in Energy.
EIA's energy mapping system is a data-intensive visual reference tool that includes several map layers defining energy infrastructure components across the United States. Using this series of maps, viewers can see crude oil, petroleum, natural gas, or hydrocarbon gas liquid pipelines, terminals, and ports in their area, as well as high voltage electric transmission lines.
EIA's energy mapping system is a data-intensive visual reference tool that includes several map layers defining energy infrastructure components across the United States. Using this series of maps, viewers can see crude oil, petroleum, natural gas, or hydrocarbon gas liquid pipelines, terminals, and ports in their area, as well as high voltage electric transmission lines.
Monday, 15 June 2015
Otmane El Rhazi : EIA's new energy visualization widget embeds interactive charts and maps on any website
Otmane El Rhazi from Today in Energy.
EIA's new energy visualization widget allows users to display interactive visualizations of current energy data pulled from EIA's data application programming interface (API) on their own websites. Using the API browser, users can discover how EIA's energy data series can be charted, mapped, or broken down into its related components.
EIA's new energy visualization widget allows users to display interactive visualizations of current energy data pulled from EIA's data application programming interface (API) on their own websites. Using the API browser, users can discover how EIA's energy data series can be charted, mapped, or broken down into its related components.
Friday, 12 June 2015
Otmane El Rhazi : Oil exploration in the U.S. Arctic continues despite current price environment
Otmane El Rhazi from Today in Energy.
Alaska's crude oil production has declined from 1.8 MMb/d in 1991 to 0.5 MMb/d in 2014, and it is expected to continue declining through 2040. Almost 75% of Alaska's crude oil production from 1990 to 2012 was from the Prudhoe Bay and Kuparuk River fields in the central North Slope. However, recent conditional approval granted to Royal Dutch Shell to begin exploratory drilling in the Burger Prospect in the Chukchi Sea may help to offset future declines in crude oil production in the region.
Alaska's crude oil production has declined from 1.8 MMb/d in 1991 to 0.5 MMb/d in 2014, and it is expected to continue declining through 2040. Almost 75% of Alaska's crude oil production from 1990 to 2012 was from the Prudhoe Bay and Kuparuk River fields in the central North Slope. However, recent conditional approval granted to Royal Dutch Shell to begin exploratory drilling in the Burger Prospect in the Chukchi Sea may help to offset future declines in crude oil production in the region.
Thursday, 11 June 2015
Otmane El Rhazi : Efficiency moderates effects of higher electricity prices under proposed Clean Power Plan
Otmane El Rhazi from Today in Energy.
EIA's recently released analysis of the Environmental Protection Agency's proposed Clean Power Plan rule finds that electricity prices are expected to rise. However, efficiency and price-induced conservation moderate the projected increase in consumer electricity bills.
EIA's recently released analysis of the Environmental Protection Agency's proposed Clean Power Plan rule finds that electricity prices are expected to rise. However, efficiency and price-induced conservation moderate the projected increase in consumer electricity bills.
Wednesday, 10 June 2015
Otmane El Rhazi : Proposed Clean Power Plan rule would reduce coal production, especially in the West
Otmane El Rhazi from Today in Energy.
EIA's analysis of the Environmental Protection Agency's proposed Clean Power Plan rule shows U.S. coal production falling after the proposed rule takes effect. In 2024 in the Base Policy case, coal production falls to a level last seen in the late 1970s. Total production recovers gradually thereafter, as coal-fired generation increases in the later years of the projection, but it never surpasses levels reached in the 1980s
EIA's analysis of the Environmental Protection Agency's proposed Clean Power Plan rule shows U.S. coal production falling after the proposed rule takes effect. In 2024 in the Base Policy case, coal production falls to a level last seen in the late 1970s. Total production recovers gradually thereafter, as coal-fired generation increases in the later years of the projection, but it never surpasses levels reached in the 1980s
Tuesday, 9 June 2015
Otmane El Rhazi : Crude by rail provides the West Coast with supply as regional crude oil production falls
Otmane El Rhazi from Today in Energy.
While total U.S. crude oil production increased nearly 3.2 million barrels per day (b/d) from 2010 to 2014, production in PADD 5 decreased by 0.1 million b/d, continuing a long-term decline. With no major crude oil pipelines connecting the West Coast to other parts of the country, West Coast refineries had adjusted to the declining in-region production by increasing imports of foreign crude oil. Shipments of domestic crude oil by rail to the West Coast have also increased, from 23,000 b/d in 2012 to 157,000 b/d in 2014.
While total U.S. crude oil production increased nearly 3.2 million barrels per day (b/d) from 2010 to 2014, production in PADD 5 decreased by 0.1 million b/d, continuing a long-term decline. With no major crude oil pipelines connecting the West Coast to other parts of the country, West Coast refineries had adjusted to the declining in-region production by increasing imports of foreign crude oil. Shipments of domestic crude oil by rail to the West Coast have also increased, from 23,000 b/d in 2012 to 157,000 b/d in 2014.
Monday, 8 June 2015
Otmane El Rhazi : New data series show more detail for crude oil stocks, storage by region
Otmane El Rhazi from Today in Energy.
In an effort to better present crude oil storage capacity and use across the United States, EIA has prepared new tables as part of the semiannual Working and Net Available Shell Storage Capacity Report. The new series show crude oil stocks held in tanks and underground storage in each Petroleum Administration for Defense District (PADD). Previously, this information was only available at the national level.
In an effort to better present crude oil storage capacity and use across the United States, EIA has prepared new tables as part of the semiannual Working and Net Available Shell Storage Capacity Report. The new series show crude oil stocks held in tanks and underground storage in each Petroleum Administration for Defense District (PADD). Previously, this information was only available at the national level.
Friday, 5 June 2015
Otmane El Rhazi : Proposed Clean Power Plan would accelerate renewable additions and coal plant retirements
Otmane El Rhazi from Today in Energy.
EIA's analysis of the Environmental Protection Agency's proposed Clean Power Plan shows that renewables play a critical role under a range of different market conditions and policy assumptions. The key difference across the scenarios analyzed involves the timing and extent that wind and solar electric generating capacity additions occur, as well as retirements of some generation capacity, mainly coal-fired units and relatively inefficient plants that use natural gas or oil-fired boilers to run steam turbines.
EIA's analysis of the Environmental Protection Agency's proposed Clean Power Plan shows that renewables play a critical role under a range of different market conditions and policy assumptions. The key difference across the scenarios analyzed involves the timing and extent that wind and solar electric generating capacity additions occur, as well as retirements of some generation capacity, mainly coal-fired units and relatively inefficient plants that use natural gas or oil-fired boilers to run steam turbines.
Thursday, 4 June 2015
Otmane El Rhazi : Increases in U.S. crude oil production are predominantly light, sweet crude
Otmane El Rhazi from Today in Energy.
U.S. crude oil production has grown rapidly in recent years, primarily from light, sweet crude (less dense, lower sulfur content) from tight resource formations. Roughly 90% of the nearly 3.0 million barrel per day (b/d) growth in production from 2011 to 2014 consisted of light, sweet grades, meaning they have an API gravity of 40 or above and a sulphur content of 0.3% or less.
U.S. crude oil production has grown rapidly in recent years, primarily from light, sweet crude (less dense, lower sulfur content) from tight resource formations. Roughly 90% of the nearly 3.0 million barrel per day (b/d) growth in production from 2011 to 2014 consisted of light, sweet grades, meaning they have an API gravity of 40 or above and a sulphur content of 0.3% or less.
Wednesday, 3 June 2015
Otmane El Rhazi : Levelized cost comparisons help explain value of various electric generation technologies
Otmane El Rhazi from Today in Energy.
When power plants are built, several factors influence the choice of fuels and technologies that will ultimately generate electricity. Cost is one of the most difficult factors to compare, as technologies can have vastly different capital, fuel, maintenance, and financing costs, as well as different utilization rates and access to fuel resources. Two measures, the levelized cost of electricity (LCOE) and the levelized avoided cost of electricity (LACE), are widely used to make cost comparisons across technologies.
When power plants are built, several factors influence the choice of fuels and technologies that will ultimately generate electricity. Cost is one of the most difficult factors to compare, as technologies can have vastly different capital, fuel, maintenance, and financing costs, as well as different utilization rates and access to fuel resources. Two measures, the levelized cost of electricity (LCOE) and the levelized avoided cost of electricity (LACE), are widely used to make cost comparisons across technologies.
Tuesday, 2 June 2015
Otmane El Rhazi : Crude oil adjustment balances independently developed supply and disposition components
Otmane El Rhazi from Today in Energy.
The crude oil adjustment is perhaps the most frequently misunderstood component of the U.S. crude oil balance published in EIA's Weekly Petroleum Status Report. This adjustment reflects the combined uncertainty around each of the crude oil data elements that EIA uses to assess the balance between U.S. crude oil supply and its disposition.
The crude oil adjustment is perhaps the most frequently misunderstood component of the U.S. crude oil balance published in EIA's Weekly Petroleum Status Report. This adjustment reflects the combined uncertainty around each of the crude oil data elements that EIA uses to assess the balance between U.S. crude oil supply and its disposition.
Monday, 1 June 2015
Otmane El Rhazi : EIA conference on current energy issues is two weeks away
Otmane El Rhazi from Today in Energy.
The U.S. Energy Information Administration (EIA) will hold its 2015 Energy Conference on June 15 and 16 in Washington, DC. This two-day event provides the opportunity to meet and network with energy analysts, decision makers, and EIA staff. Last year more than 900 people from industry, government, and academia attended EIA's conference.
The U.S. Energy Information Administration (EIA) will hold its 2015 Energy Conference on June 15 and 16 in Washington, DC. This two-day event provides the opportunity to meet and network with energy analysts, decision makers, and EIA staff. Last year more than 900 people from industry, government, and academia attended EIA's conference.
Friday, 29 May 2015
Otmane El Rhazi : Bulk chemical feedstock use a key part of increasing industrial energy demand
Otmane El Rhazi from Today in Energy.
Industrial sector energy consumption is expected to grow faster than all other sectors, according to EIA's Annual Energy Outlook 2015. A large portion of both consumption and anticipated growth is in the bulk chemical industry, which is able to take advantage of increased domestic supply of natural gas, hydrocarbon gas liquids (HGL), and petrochemical feedstocks.
Industrial sector energy consumption is expected to grow faster than all other sectors, according to EIA's Annual Energy Outlook 2015. A large portion of both consumption and anticipated growth is in the bulk chemical industry, which is able to take advantage of increased domestic supply of natural gas, hydrocarbon gas liquids (HGL), and petrochemical feedstocks.
Thursday, 28 May 2015
Otmane El Rhazi : Renewable share of U.S. energy consumption highest since 1930s
Otmane El Rhazi from Today in Energy.
Renewable energy accounted for 9.8% of total domestic energy consumption in 2014. This marks the highest renewable energy share since the 1930s, when wood was a much larger contributor to domestic energy supply
Renewable energy accounted for 9.8% of total domestic energy consumption in 2014. This marks the highest renewable energy share since the 1930s, when wood was a much larger contributor to domestic energy supply
Wednesday, 27 May 2015
Otmane El Rhazi : Under the proposed Clean Power Plan, natural gas, then renewables, gain generation share
Otmane El Rhazi from Today in Energy.
EIA's recently released analysis of the Environmental Protection Agency's proposed Clean Power Plan rule shows it would result in major changes in the fuel mix used to generate electricity in the United States.
EIA's recently released analysis of the Environmental Protection Agency's proposed Clean Power Plan rule shows it would result in major changes in the fuel mix used to generate electricity in the United States.
Tuesday, 26 May 2015
Otmane El Rhazi : Under Clean Power Plan, power sector CO2 emissions fall to lowest levels since 1980s
Otmane El Rhazi from Today in Energy.
In June 2014, the U.S. Environmental Protection Agency (EPA) proposed a rule to regulate carbon dioxide (CO2) emissions from existing power plants under section 111(d) of the Clean Air Act. EIA's newly released analysis of the proposed rule shows power sector CO2 emissions falling to about 1,500 million metric tons per year by 2025, a level not seen since the early 1980s, in the Base Policy case.
In June 2014, the U.S. Environmental Protection Agency (EPA) proposed a rule to regulate carbon dioxide (CO2) emissions from existing power plants under section 111(d) of the Clean Air Act. EIA's newly released analysis of the proposed rule shows power sector CO2 emissions falling to about 1,500 million metric tons per year by 2025, a level not seen since the early 1980s, in the Base Policy case.
Friday, 22 May 2015
Otmane El Rhazi : U.S. retail gasoline prices lowest since 2009 heading into Memorial Day weekend
Otmane El Rhazi from Today in Energy.
On May 18, the U.S. average retail price for gasoline was $2.74 per gallon ($/gal), or 92¢ per gallon (¢/gal) lower than at the same time last year. This is the lowest average price heading into the Memorial Day weekend—the traditional start of the summer driving season—since 2009.
On May 18, the U.S. average retail price for gasoline was $2.74 per gallon ($/gal), or 92¢ per gallon (¢/gal) lower than at the same time last year. This is the lowest average price heading into the Memorial Day weekend—the traditional start of the summer driving season—since 2009.
Thursday, 21 May 2015
Otmane El Rhazi : Net imports of natural gas fall to lowest level since 1987
Otmane El Rhazi from Today in Energy.
U.S. net imports of natural gas decreased 9% in 2014, continuing an eight-year decline. As U.S. dry natural gas production has reached record highs, lower domestic prices have helped to displace natural gas imports. Net natural gas imports totaled 1,171 billion cubic feet (Bcf) in 2014, the lowest since 1987.
U.S. net imports of natural gas decreased 9% in 2014, continuing an eight-year decline. As U.S. dry natural gas production has reached record highs, lower domestic prices have helped to displace natural gas imports. Net natural gas imports totaled 1,171 billion cubic feet (Bcf) in 2014, the lowest since 1987.
Wednesday, 20 May 2015
Otmane El Rhazi : Low crude oil prices, increased gasoline demand lead to high refiner margins
Otmane El Rhazi from Today in Energy.
Gasoline crack spreads in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. Crack spreads, which reflect the difference between wholesale product prices and crude oil prices, are a good indicator of refiner profitability.
Gasoline crack spreads in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. Crack spreads, which reflect the difference between wholesale product prices and crude oil prices, are a good indicator of refiner profitability.
Tuesday, 19 May 2015
Otmane El Rhazi : EIA launches redesigned International Energy Portal
Otmane El Rhazi from Today in Energy.
On May 18, EIA launched a beta version of a redesigned International Energy Portal designed to help users access international energy data and to provide new and expanded tools and capabilities to examine trends in global energy markets.
On May 18, EIA launched a beta version of a redesigned International Energy Portal designed to help users access international energy data and to provide new and expanded tools and capabilities to examine trends in global energy markets.
Monday, 18 May 2015
Otmane El Rhazi : Nonpetroleum share of transportation energy at highest level since 1954
Otmane El Rhazi from Today in Energy.
In the United States, petroleum is by far the most-consumed transportation fuel. But recently the share of fuels other than petroleum for U.S. transportation has increased to its highest level since 1954, a time when the use of coal-fired steam locomotives was declining and automobile use was growing rapidly.
In the United States, petroleum is by far the most-consumed transportation fuel. But recently the share of fuels other than petroleum for U.S. transportation has increased to its highest level since 1954, a time when the use of coal-fired steam locomotives was declining and automobile use was growing rapidly.
Friday, 15 May 2015
Otmane El Rhazi : U.S. power sector CO2 emissions expected to increase through 2040
Otmane El Rhazi from Today in Energy.
Although U.S. carbon dioxide emissions associated with electricity generation have fallen from the 2005 level, they are projected to increase in the coming decades, based on analysis in EIA's Annual Energy Outlook 2015 that reflects current laws and regulations, and therefore does not include proposed rules such as the U.S. Environmental Protection Agency's Clean Power Plan.
Although U.S. carbon dioxide emissions associated with electricity generation have fallen from the 2005 level, they are projected to increase in the coming decades, based on analysis in EIA's Annual Energy Outlook 2015 that reflects current laws and regulations, and therefore does not include proposed rules such as the U.S. Environmental Protection Agency's Clean Power Plan.
Thursday, 14 May 2015
Otmane El Rhazi : Power generation from coal and natural gas expected to temporarily converge this spring
Otmane El Rhazi from Today in Energy.
EIA's most recent Short-Term Energy Outlook forecasts that the amount of electricity generation fueled by natural gas in April and May will total just 3% less than the projected amount of coal-fired generation. This convergence has occurred only once before, in April 2012, when natural gas fueled just 1.5% less generation than coal.
EIA's most recent Short-Term Energy Outlook forecasts that the amount of electricity generation fueled by natural gas in April and May will total just 3% less than the projected amount of coal-fired generation. This convergence has occurred only once before, in April 2012, when natural gas fueled just 1.5% less generation than coal.
Wednesday, 13 May 2015
Otmane El Rhazi : Corn ethanol yields continue to improve
Otmane El Rhazi from Today in Energy.
In 2014, U.S. fuel ethanol production reached 14.3 billion gallons of ethanol fuel, the highest level ever. The growth in U.S. fuel ethanol production has outpaced growth in corn consumed as feedstock—as the industry has grown, it has become more efficient, using fewer bushels of corn to produce a gallon of ethanol.
In 2014, U.S. fuel ethanol production reached 14.3 billion gallons of ethanol fuel, the highest level ever. The growth in U.S. fuel ethanol production has outpaced growth in corn consumed as feedstock—as the industry has grown, it has become more efficient, using fewer bushels of corn to produce a gallon of ethanol.
Tuesday, 12 May 2015
Otmane El Rhazi : New supply patterns and additional disruptions push California gasoline prices higher
Otmane El Rhazi from Today in Energy.
Supply disruptions in the tightly balanced and relatively isolated California gasoline market have increased wholesale and retail gasoline prices over the past several weeks. This comes after markets had adjusted to compensate for lost production following the February explosion and fire at ExxonMobil's refinery in Torrance, California. Average retail prices for regular gasoline in California as a whole, and in Los Angeles specifically, have increased by 57¢/gal and 63¢/gal in the past three weeks.
Supply disruptions in the tightly balanced and relatively isolated California gasoline market have increased wholesale and retail gasoline prices over the past several weeks. This comes after markets had adjusted to compensate for lost production following the February explosion and fire at ExxonMobil's refinery in Torrance, California. Average retail prices for regular gasoline in California as a whole, and in Los Angeles specifically, have increased by 57¢/gal and 63¢/gal in the past three weeks.
Monday, 11 May 2015
Otmane El Rhazi : Projected electric capacity additions are below recent historical levels
Otmane El Rhazi from Today in Energy.
In the coming decades, additions to U.S. electricity generation capacity are expected to be lower than in the recent past. In EIA's Annual Energy Outlook 2015 Reference case, which reflects current laws and policies and does not include EIA's proposed Clean Power Plan, total generating capacity (including end-use generators like rooftop solar panels) increases from 1,065 gigawatts (GW) in 2013 to 1,261 GW in 2040.
In the coming decades, additions to U.S. electricity generation capacity are expected to be lower than in the recent past. In EIA's Annual Energy Outlook 2015 Reference case, which reflects current laws and policies and does not include EIA's proposed Clean Power Plan, total generating capacity (including end-use generators like rooftop solar panels) increases from 1,065 gigawatts (GW) in 2013 to 1,261 GW in 2040.
Friday, 8 May 2015
Otmane El Rhazi : Average size of new commercial buildings in United States continues to grow
Otmane El Rhazi from Today in Energy.
Increases in the size of commercial buildings have outpaced increases in the number of those buildings over the past decade, according to EIA's Commercial Buildings Energy Consumption Survey. The survey is the only nationally representative data collection for building characteristics and energy use in commercial buildings.
Increases in the size of commercial buildings have outpaced increases in the number of those buildings over the past decade, according to EIA's Commercial Buildings Energy Consumption Survey. The survey is the only nationally representative data collection for building characteristics and energy use in commercial buildings.
Thursday, 7 May 2015
Otmane El Rhazi : Implications of higher domestic crude production for U.S. refining
Otmane El Rhazi from Today in Energy.
In response to multiple requests over the past years, EIA is developing a series of analyses that address the implications of current limitations on crude oil exports for prices, including both world and domestic crude oil and petroleum product prices, and for the level of domestic crude oil production and refining activity.
In response to multiple requests over the past years, EIA is developing a series of analyses that address the implications of current limitations on crude oil exports for prices, including both world and domestic crude oil and petroleum product prices, and for the level of domestic crude oil production and refining activity.
Otmane El Rhazi : EIA’s CBECS is the nation's only comprehensive survey of commercial buildings
Otmane El Rhazi from Today in Energy.
EIA's Commercial Buildings Energy Consumption Survey is the only nationally representative source of statistical information on energy-related characteristics, consumption, and expenditures for the nation's 5.6 million commercial buildings. Building characteristics information from the 2012 survey is being released in stages through the spring, and consumption and expenditures data will follow later in the year.
EIA's Commercial Buildings Energy Consumption Survey is the only nationally representative source of statistical information on energy-related characteristics, consumption, and expenditures for the nation's 5.6 million commercial buildings. Building characteristics information from the 2012 survey is being released in stages through the spring, and consumption and expenditures data will follow later in the year.
Tuesday, 5 May 2015
Otmane El Rhazi : Crude by rail accounts for more than half of East Coast refinery supply in February
Otmane El Rhazi from Today in Energy.
Monthly rail receipts of crude oil accounted for more than half (52%) of the crude oil supply to East Coast refineries in February. As U.S. and Canadian production of crude oil has increased, crude supply by rail to East Coast (PADD 1) refineries has grown, displacing waterborne imports of crude oil from countries other than Canada, such as Nigeria
Monthly rail receipts of crude oil accounted for more than half (52%) of the crude oil supply to East Coast refineries in February. As U.S. and Canadian production of crude oil has increased, crude supply by rail to East Coast (PADD 1) refineries has grown, displacing waterborne imports of crude oil from countries other than Canada, such as Nigeria
Monday, 4 May 2015
Otmane El Rhazi : Natural gas, renewables projected to provide larger shares of electricity generation
Otmane El Rhazi from Today in Energy.
EIA's Annual Energy Outlook 2015 (AEO2015) Reference case projects that electricity consumption will increase at an average annual rate of 0.8% from 2013 to 2040, nearly in line with expected population growth. Continuing a recent trend toward lower levels of carbon-intensive generation, natural gas and renewable generation meet almost all of the increase.
EIA's Annual Energy Outlook 2015 (AEO2015) Reference case projects that electricity consumption will increase at an average annual rate of 0.8% from 2013 to 2040, nearly in line with expected population growth. Continuing a recent trend toward lower levels of carbon-intensive generation, natural gas and renewable generation meet almost all of the increase.
Friday, 1 May 2015
Otmane El Rhazi : Alaska residents are paid a unique yearly dividend from state's permanent fund
Otmane El Rhazi from Today in Energy.
The Alaska Permanent Fund, established using revenues paid to the state by oil and gas producers, provides Alaska residents with an annual cash dividend, which is unique among natural resource permanent funds in the United States. In 2014, the annual dividend was $1,884 per resident, more than double the 2013 dividend and the highest since 2008.
The Alaska Permanent Fund, established using revenues paid to the state by oil and gas producers, provides Alaska residents with an annual cash dividend, which is unique among natural resource permanent funds in the United States. In 2014, the annual dividend was $1,884 per resident, more than double the 2013 dividend and the highest since 2008.
Thursday, 30 April 2015
Otmane El Rhazi : Energy resource permanent funds vary by purpose and state
Otmane El Rhazi from Today in Energy.
Taxation of coal, crude oil, and natural gas production presents opportunities for states to collect revenue as nonrenewable resources are produced. Natural resource permanent funds are revenues earned from taxing the extraction of energy resources and are set aside by national, state, and local governments for strategic or long-term use
Taxation of coal, crude oil, and natural gas production presents opportunities for states to collect revenue as nonrenewable resources are produced. Natural resource permanent funds are revenues earned from taxing the extraction of energy resources and are set aside by national, state, and local governments for strategic or long-term use
Wednesday, 29 April 2015
Otmane El Rhazi : U.S. energy demand slows except for industrial, commercial sectors
Otmane El Rhazi from Today in Energy.
U.S. energy consumption has slowed recently and is not anticipated to return to growth levels seen in the second half of the 20th century. EIA's Reference case projections in the Annual Energy Outlook 2015 show that domestic consumption is expected to grow 0.3% per year through 2040, less than half the rate of population growth. Energy used in homes is flat, and transportation consumption declines slightly, meaning that energy consumption growth will be concentrated in U.S. businesses and industries.
U.S. energy consumption has slowed recently and is not anticipated to return to growth levels seen in the second half of the 20th century. EIA's Reference case projections in the Annual Energy Outlook 2015 show that domestic consumption is expected to grow 0.3% per year through 2040, less than half the rate of population growth. Energy used in homes is flat, and transportation consumption declines slightly, meaning that energy consumption growth will be concentrated in U.S. businesses and industries.
Tuesday, 28 April 2015
Otmane El Rhazi : Projections show U.S. becoming a net exporter of natural gas
Otmane El Rhazi from Today in Energy.
In its recently released Annual Energy Outlook 2015, EIA expects the United States to be a net natural gas exporter by 2017. Increased availability of domestic gas or higher world energy prices each increase the gap between the cost of U.S. natural gas and world prices that encourages exports of liquefied natural gas, and, to a lesser extent, greater exports by pipeline to Mexico.
In its recently released Annual Energy Outlook 2015, EIA expects the United States to be a net natural gas exporter by 2017. Increased availability of domestic gas or higher world energy prices each increase the gap between the cost of U.S. natural gas and world prices that encourages exports of liquefied natural gas, and, to a lesser extent, greater exports by pipeline to Mexico.
Monday, 27 April 2015
Otmane El Rhazi : Floating LNG regasification is used to meet rising natural gas demand in smaller markets
Otmane El Rhazi from Today in Energy.
Floating regasification is a flexible, cost-effective way to receive and process shipments of liquefied natural gas (LNG). Floating regasification is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasification facilities are built.
Floating regasification is a flexible, cost-effective way to receive and process shipments of liquefied natural gas (LNG). Floating regasification is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasification facilities are built.
Friday, 24 April 2015
Otmane El Rhazi : EIA report highlights top 100 U.S. oil and natural gas fields
Otmane El Rhazi from Today in Energy.
The top 100 oil fields in the United States accounted for 20.6 billion barrels of crude oil and lease condensate proved reserves, or 56% of the U.S. total in 2013. The top 100 natural gas fields accounted for 239.7 trillion cubic feet of natural gas proved reserves, 68% of the U.S. total. Proved reserves are defined as estimated quantities of oil and natural gas that analysis of geologic and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions.
The top 100 oil fields in the United States accounted for 20.6 billion barrels of crude oil and lease condensate proved reserves, or 56% of the U.S. total in 2013. The top 100 natural gas fields accounted for 239.7 trillion cubic feet of natural gas proved reserves, 68% of the U.S. total. Proved reserves are defined as estimated quantities of oil and natural gas that analysis of geologic and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions.
Thursday, 23 April 2015
Otmane El Rhazi : Oil trade off Yemen coast grew by 20% to 4.7 million barrels per day in 2014
Otmane El Rhazi from Today in Energy.
While Yemen is not a major oil-producing country, its coast borders the Bab el-Mandeb Strait, a narrow chokepoint between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and petroleum product shipments to Europe and North America, as well as European and North African oil exports to Asia. Although the strait is 18 miles wide at its narrowest point, tankers passing through must use two 2-mile-wide shipping channels.
While Yemen is not a major oil-producing country, its coast borders the Bab el-Mandeb Strait, a narrow chokepoint between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and petroleum product shipments to Europe and North America, as well as European and North African oil exports to Asia. Although the strait is 18 miles wide at its narrowest point, tankers passing through must use two 2-mile-wide shipping channels.
Wednesday, 22 April 2015
Otmane El Rhazi : UK's renewable energy targets drive increases in U.S. wood pellet exports
Otmane El Rhazi from Today in Energy.
In 2014, almost three-quarters of all U.S. wood pellet exports were delivered to the United Kingdom (UK), mainly for the purpose of generating electricity. Overall, U.S. wood pellet exports increased by nearly 40% between 2013 and 2014, from 3.2 million short tons to 4.4 million short tons, as the United States continues to be the largest wood pellet exporter in the world.
In 2014, almost three-quarters of all U.S. wood pellet exports were delivered to the United Kingdom (UK), mainly for the purpose of generating electricity. Overall, U.S. wood pellet exports increased by nearly 40% between 2013 and 2014, from 3.2 million short tons to 4.4 million short tons, as the United States continues to be the largest wood pellet exporter in the world.
Tuesday, 21 April 2015
Otmane El Rhazi : Increasing domestic production of crude oil reduces net petroleum imports
Otmane El Rhazi from Today in Energy.
In its recently released Annual Energy Outlook 2015 (AEO2015) Reference case, EIA expects U.S. crude oil production to rise through 2020 as oil prices recover from their steep decline, reducing net petroleum (crude oil and petroleum products) imports. AEO 2015 explores the effects of domestic crude oil production under various assumptions of world oil prices and domestic resource availability.
In its recently released Annual Energy Outlook 2015 (AEO2015) Reference case, EIA expects U.S. crude oil production to rise through 2020 as oil prices recover from their steep decline, reducing net petroleum (crude oil and petroleum products) imports. AEO 2015 explores the effects of domestic crude oil production under various assumptions of world oil prices and domestic resource availability.
Monday, 20 April 2015
Otmane El Rhazi : U.S. energy-related carbon dioxide emissions increase in past two years
Otmane El Rhazi from Today in Energy.
For the second year in a row, energy-related carbon dioxide (CO2) emissions in the United States have increased. However, unlike 2013, when emissions and gross domestic product (GDP) grew at similar rates (2.5% and 2.2%, respectively), 2014's CO2 emissions growth rate of 0.7% was much smaller than the 2014 GDP growth rate of 2.4%.
For the second year in a row, energy-related carbon dioxide (CO2) emissions in the United States have increased. However, unlike 2013, when emissions and gross domestic product (GDP) grew at similar rates (2.5% and 2.2%, respectively), 2014's CO2 emissions growth rate of 0.7% was much smaller than the 2014 GDP growth rate of 2.4%.
Friday, 17 April 2015
Otmane El Rhazi : New maps highlight geologic characteristics of U.S. tight oil, shale plays
Otmane El Rhazi from Today in Energy.
EIA is currently in the process of updating maps of major tight oil and shale gas plays, including the Eagle Ford and Marcellus plays, which will help to better characterize the geology of key areas of production in the United States. These maps focus on shale and tight oil plays, and characterize plays based on geologic characteristics, including rock type and age.
EIA is currently in the process of updating maps of major tight oil and shale gas plays, including the Eagle Ford and Marcellus plays, which will help to better characterize the geology of key areas of production in the United States. These maps focus on shale and tight oil plays, and characterize plays based on geologic characteristics, including rock type and age.
Thursday, 16 April 2015
Otmane El Rhazi : Households with more vehicles travel more
Otmane El Rhazi from Today in Energy.
Based on data from the National Household Travel Survey, households with more vehicles not only travel more, but often put more miles on their most-used vehicle compared to households with fewer vehicles. Households with just one vehicle drove an average of 10,600 miles, while households with six or more vehicles traveled a total of 57,700 miles. Sixty-eight percent of households have either one or two cars.
Based on data from the National Household Travel Survey, households with more vehicles not only travel more, but often put more miles on their most-used vehicle compared to households with fewer vehicles. Households with just one vehicle drove an average of 10,600 miles, while households with six or more vehicles traveled a total of 57,700 miles. Sixty-eight percent of households have either one or two cars.
Wednesday, 15 April 2015
Otmane El Rhazi : U.S. energy imports and exports to come into balance for first time since 1950s
Otmane El Rhazi from Today in Energy.
Projections in the Annual Energy Outlook 2015, released April 14, show the potential to eliminate net U.S. energy imports sometime between 2020 and 2030. This reflects changes in both supply and demand, as continued growth in oil and natural gas production and the use of renewables combine with demand-side efficiencies to moderate demand growth. The United States has been a net importer of energy since the 1950s.
Projections in the Annual Energy Outlook 2015, released April 14, show the potential to eliminate net U.S. energy imports sometime between 2020 and 2030. This reflects changes in both supply and demand, as continued growth in oil and natural gas production and the use of renewables combine with demand-side efficiencies to moderate demand growth. The United States has been a net importer of energy since the 1950s.
Tuesday, 14 April 2015
Otmane El Rhazi : EIA's Annual Energy Outlook will be released later today
Otmane El Rhazi from Today in Energy.
At 1:00 p.m. Eastern Time, EIA will release the Annual Energy Outlook 2015 (AEO2015), which presents long-term projections of energy supply, demand, and prices through 2040. The analysis in AEO2015 focuses on six cases: Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource.
At 1:00 p.m. Eastern Time, EIA will release the Annual Energy Outlook 2015 (AEO2015), which presents long-term projections of energy supply, demand, and prices through 2040. The analysis in AEO2015 focuses on six cases: Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource.
Monday, 13 April 2015
Otmane El Rhazi : Household spending on gasoline and public transit varies by region, income
Otmane El Rhazi from Today in Energy.
Households in different regions of the United States have similar average combined spending on gasoline and public transit, but the composition of that spending varies significantly across regions. In 2013, the most recent year of data from the Labor Department's Consumer Expenditure Survey (CES), the average household spent $3,148 annually on gasoline and public transit.
Households in different regions of the United States have similar average combined spending on gasoline and public transit, but the composition of that spending varies significantly across regions. In 2013, the most recent year of data from the Labor Department's Consumer Expenditure Survey (CES), the average household spent $3,148 annually on gasoline and public transit.
Friday, 10 April 2015
Otmane El Rhazi : U.S. household gasoline expenditures expected to fall in 2015
Otmane El Rhazi from Today in Energy.
The average U.S. household expenditure on motor gasoline in 2015 is expected to be about $1,817, the lowest level in more than a decade. This level is about $700 less than average household gasoline expenditures in 2014. Actual spending can vary based on driving-related factors, some of which depend on demographic considerations. As one might expect, households with more people tend to spend more on gasoline.
The average U.S. household expenditure on motor gasoline in 2015 is expected to be about $1,817, the lowest level in more than a decade. This level is about $700 less than average household gasoline expenditures in 2014. Actual spending can vary based on driving-related factors, some of which depend on demographic considerations. As one might expect, households with more people tend to spend more on gasoline.
Thursday, 9 April 2015
Otmane El Rhazi : California's continued drought, reduced snowpack mean lower hydropower output
Otmane El Rhazi from Today in Energy.
Earlier this month, California Governor Jerry Brown enacted mandatory water restrictions for the first time in the state's history. While the executive order doesn't directly address hydropower generation and instead focuses on water use in cities and towns, the drought that began in 2011 has had a noticeable effect on hydropower. Furthermore, reduced levels of snowpack likely mean that hydropower output will be low throughout the summer.
Earlier this month, California Governor Jerry Brown enacted mandatory water restrictions for the first time in the state's history. While the executive order doesn't directly address hydropower generation and instead focuses on water use in cities and towns, the drought that began in 2011 has had a noticeable effect on hydropower. Furthermore, reduced levels of snowpack likely mean that hydropower output will be low throughout the summer.
Wednesday, 8 April 2015
Otmane El Rhazi : Summer gasoline prices to be down more than $1 from last summer
Otmane El Rhazi from Today in Energy.
U.S. drivers are projected to pay an average of $2.45/gallon (gal) for regular grade gasoline this summer (April through September), according to EIA's Short-Term Energy and Summer Fuels Outlook released yesterday. This year's projected average summer price is down from a $3.59/gal average during summer 2014.
U.S. drivers are projected to pay an average of $2.45/gallon (gal) for regular grade gasoline this summer (April through September), according to EIA's Short-Term Energy and Summer Fuels Outlook released yesterday. This year's projected average summer price is down from a $3.59/gal average during summer 2014.
Tuesday, 7 April 2015
Otmane El Rhazi : U.S. remained world's largest producer of petroleum and natural gas hydrocarbons in 2014
Otmane El Rhazi from Today in Energy.
The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2014, according to EIA estimates. U.S. hydrocarbon production continues to exceed that of both Russia and Saudi Arabia, the second- and third-largest producers, respectively. For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural gas. Saudi Arabia's production heavily favors petroleum.
The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2014, according to EIA estimates. U.S. hydrocarbon production continues to exceed that of both Russia and Saudi Arabia, the second- and third-largest producers, respectively. For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural gas. Saudi Arabia's production heavily favors petroleum.
Monday, 6 April 2015
Otmane El Rhazi : EIA assesses options for processing additional U.S. light tight oil production
Otmane El Rhazi from Today in Energy.
With the growth in U.S. production of light tight oil (LTO) in recent years, petroleum refiners in the United States have been processing greater volumes of LTO. To date, increased volumes of domestic LTO have mainly been accommodated with no- and low-cost options such as reducing light crude oil imports, increasing refinery utilization rates, making incremental efficiency improvements (crude unit debottlenecking), and displacing medium crude oil imports.
With the growth in U.S. production of light tight oil (LTO) in recent years, petroleum refiners in the United States have been processing greater volumes of LTO. To date, increased volumes of domestic LTO have mainly been accommodated with no- and low-cost options such as reducing light crude oil imports, increasing refinery utilization rates, making incremental efficiency improvements (crude unit debottlenecking), and displacing medium crude oil imports.
Friday, 3 April 2015
Otmane El Rhazi : Nonhydro electricity storage increasing as new policies are implemented
Otmane El Rhazi from Today in Energy.
Although pumped hydroelectric storage makes up most of the total electricity storage capacity in the United States, nonhydro storage has doubled in electric power sector capacity from 160 megawatts (MW) to nearly 350 MW over the past five years.
Although pumped hydroelectric storage makes up most of the total electricity storage capacity in the United States, nonhydro storage has doubled in electric power sector capacity from 160 megawatts (MW) to nearly 350 MW over the past five years.
Thursday, 2 April 2015
Otmane El Rhazi : Financial hedging helps some producers mitigate effect of falling oil prices
Otmane El Rhazi from Today in Energy.
The decline in crude oil prices since last summer has had a direct impact on oil producers' sales revenue, but hedging strategies have lessened the effects of lower prices on some producers' total revenue. Oil producers who adopt hedging strategies can reduce their price risk and generate smoother financial outcomes in unstable markets. A common hedging practice is to sell futures and swaps to lock in desired prices for future production, a practice that can shield producers' revenue from decreasing prices.
The decline in crude oil prices since last summer has had a direct impact on oil producers' sales revenue, but hedging strategies have lessened the effects of lower prices on some producers' total revenue. Oil producers who adopt hedging strategies can reduce their price risk and generate smoother financial outcomes in unstable markets. A common hedging practice is to sell futures and swaps to lock in desired prices for future production, a practice that can shield producers' revenue from decreasing prices.
Wednesday, 1 April 2015
Otmane El Rhazi : Updated geologic maps provide greater detail for Marcellus formation
Otmane El Rhazi from Today in Energy.
Natural gas production from the Marcellus shale formation in the Appalachian basin increased to 14.4 Bcf/d in January 2015, accounting for more than 36% of shale gas production and more than 18% of total dry natural gas production in the United States. Recent updates to EIA's maps and geologic information for the Marcellus shale play help to characterize the formation's structure, thickness, and extent.
Natural gas production from the Marcellus shale formation in the Appalachian basin increased to 14.4 Bcf/d in January 2015, accounting for more than 36% of shale gas production and more than 18% of total dry natural gas production in the United States. Recent updates to EIA's maps and geologic information for the Marcellus shale play help to characterize the formation's structure, thickness, and extent.
Tuesday, 31 March 2015
Otmane El Rhazi : New EIA monthly data tracks crude oil movements by rail
Otmane El Rhazi from Today in Energy.
For the first time, EIA is providing monthly data on rail movements of crude oil, which have significantly increased over the past five years. The new data on crude-by-rail movements are integrated with EIA's existing monthly petroleum supply statistics, which already include movements by pipeline, tanker, and barge.
For the first time, EIA is providing monthly data on rail movements of crude oil, which have significantly increased over the past five years. The new data on crude-by-rail movements are integrated with EIA's existing monthly petroleum supply statistics, which already include movements by pipeline, tanker, and barge.
Monday, 30 March 2015
Otmane El Rhazi : U.S. oil production growth in 2014 was largest in more than 100 years
Otmane El Rhazi from Today in Energy.
U.S. crude oil production (including lease condensate) increased during 2014 by 1.2 million barrels per day (bbl/d) to 8.7 million bbl/d, the largest volume increase since recordkeeping began in 1900. On a percentage basis, output in 2014 increased by 16.2%, the highest growth rate since 1940. Most of the increase during 2014 came from tight oil plays in North Dakota, Texas, and New Mexico where hydraulic fracturing and horizontal drilling were used to produce oil from shale formations
U.S. crude oil production (including lease condensate) increased during 2014 by 1.2 million barrels per day (bbl/d) to 8.7 million bbl/d, the largest volume increase since recordkeeping began in 1900. On a percentage basis, output in 2014 increased by 16.2%, the highest growth rate since 1940. Most of the increase during 2014 came from tight oil plays in North Dakota, Texas, and New Mexico where hydraulic fracturing and horizontal drilling were used to produce oil from shale formations
Friday, 27 March 2015
Otmane El Rhazi : Without the Cochin pipeline, western Canadian propane seeks new outlets
Otmane El Rhazi from Today in Energy.
In April 2014, after 35 years of shipping propane from western Canada to the upper Midwest, the Cochin pipeline was removed from propane service, and in July repurposed to ship light petroleum liquids north from Illinois to western Canada. Without this pipeline, western Canadian propane production has been shipped by other existing transport modes or placed into inventory at Canadian storage facilities.
In April 2014, after 35 years of shipping propane from western Canada to the upper Midwest, the Cochin pipeline was removed from propane service, and in July repurposed to ship light petroleum liquids north from Illinois to western Canada. Without this pipeline, western Canadian propane production has been shipped by other existing transport modes or placed into inventory at Canadian storage facilities.
Thursday, 26 March 2015
Otmane El Rhazi : U.S. ethanol exports in 2014 reach highest level since 2011
Otmane El Rhazi from Today in Energy.
According to EIA monthly supply data through December 2014, which EIA released in late February, U.S. exports of fuel ethanol in 2014 reached their second-highest level at a total of 826 million gallons. This level was second only to the 1.2 billion gallons exported during 2011 and 33% more than exports of fuel ethanol in 2013. Similarly, U.S. imports of ethanol, which totaled approximately 377 million gallons during 2013, fell by 81% to a total of 73 million gallons in 2014, their lowest annual level since 2010.
According to EIA monthly supply data through December 2014, which EIA released in late February, U.S. exports of fuel ethanol in 2014 reached their second-highest level at a total of 826 million gallons. This level was second only to the 1.2 billion gallons exported during 2011 and 33% more than exports of fuel ethanol in 2013. Similarly, U.S. imports of ethanol, which totaled approximately 377 million gallons during 2013, fell by 81% to a total of 73 million gallons in 2014, their lowest annual level since 2010.
Wednesday, 25 March 2015
Otmane El Rhazi : Upstream capital expenditure declined 12% year-over-year in fourth-quarter 2014
Otmane El Rhazi from Today in Energy.
Based on financial statements from selected international oil and natural gas companies, spending on upstream investments was 12% lower in fourth-quarter 2014 compared to the same period in 2013. Upstream spending on exploration and development typically accounts for the bulk of these companies' investment expenditures.
Based on financial statements from selected international oil and natural gas companies, spending on upstream investments was 12% lower in fourth-quarter 2014 compared to the same period in 2013. Upstream spending on exploration and development typically accounts for the bulk of these companies' investment expenditures.
Tuesday, 24 March 2015
Otmane El Rhazi : California first state to generate more than 5% of electricity from utility-scale solar
Otmane El Rhazi from Today in Energy.
California has become the first state with more than 5% of its annual utility-scale electricity generation from utility-scale solar power, according to EIA's Electric Power Monthly. California's utility-scale (1 MW or larger) solar plants generated a record 9.9 million megawatthours (MWh) of electricity in 2014, an increase of 6.1 million MWh from 2013. California's utility-scale solar production in 2014 was more than three times the output of the next-highest state, Arizona, and more than all other states combined.
California has become the first state with more than 5% of its annual utility-scale electricity generation from utility-scale solar power, according to EIA's Electric Power Monthly. California's utility-scale (1 MW or larger) solar plants generated a record 9.9 million megawatthours (MWh) of electricity in 2014, an increase of 6.1 million MWh from 2013. California's utility-scale solar production in 2014 was more than three times the output of the next-highest state, Arizona, and more than all other states combined.
Monday, 23 March 2015
Otmane El Rhazi : U.S. biodiesel and renewable diesel imports decline 36% in 2014
Otmane El Rhazi from Today in Energy.
After increasing for 15 consecutive weeks, crude oil storage at Cushing, Oklahoma, reached 54.4 million barrels on March 13, according to EIA's Weekly Petroleum Status Report. This volume is the highest on record, but not the highest percent of storage utilization, as working storage capacity at Cushing has also increased over time.
After increasing for 15 consecutive weeks, crude oil storage at Cushing, Oklahoma, reached 54.4 million barrels on March 13, according to EIA's Weekly Petroleum Status Report. This volume is the highest on record, but not the highest percent of storage utilization, as working storage capacity at Cushing has also increased over time.
Friday, 20 March 2015
Otmane El Rhazi : U.S. biodiesel and renewable diesel imports decline 36% in 2014
Otmane El Rhazi from Today in Energy.
After reaching record levels in 2013, United States imports of biomass-based diesel fuel (both biodiesel and renewable diesel) fell 36%, to 333 million gallons in 2014. Uncertainty surrounding future Renewable Fuel Standard (RFS) targets and the absence of a late-year influx of volumes from Argentina were two main factors in this decline.
After reaching record levels in 2013, United States imports of biomass-based diesel fuel (both biodiesel and renewable diesel) fell 36%, to 333 million gallons in 2014. Uncertainty surrounding future Renewable Fuel Standard (RFS) targets and the absence of a late-year influx of volumes from Argentina were two main factors in this decline.
Thursday, 19 March 2015
Otmane El Rhazi : U.S. commercial crude oil inventories now provide the most days of supply since 1985
Otmane El Rhazi from Today in Energy.
With lower U.S. refinery runs and increases in domestic crude oil production, U.S. commercial crude oil inventories at the end of February provided the most days of supply since the mid-1980s. Commercial crude inventories were sufficient to supply 29 days of U.S. refinery demand, based on expected refinery runs in March
With lower U.S. refinery runs and increases in domestic crude oil production, U.S. commercial crude oil inventories at the end of February provided the most days of supply since the mid-1980s. Commercial crude inventories were sufficient to supply 29 days of U.S. refinery demand, based on expected refinery runs in March
Wednesday, 18 March 2015
Otmane El Rhazi : EIA launches new data add-in tool for Microsoft Excel for Windows
Otmane El Rhazi from Today in Energy.
The U.S. Energy Information Administration (EIA) has released a free data add-in for Microsoft Excel for Windows that builds on the well-known Federal Reserve Economic Data (FRED) add-in and allows users to find, download, and update EIA's energy data and FRED's economic data directly in any Excel spreadsheet.
The U.S. Energy Information Administration (EIA) has released a free data add-in for Microsoft Excel for Windows that builds on the well-known Federal Reserve Economic Data (FRED) add-in and allows users to find, download, and update EIA's energy data and FRED's economic data directly in any Excel spreadsheet.
Tuesday, 17 March 2015
Otmane El Rhazi : Falling rig counts drive projected near-term oil production decline in 3 key U.S. regions
Otmane El Rhazi from Today in Energy.
EIA's most recent Drilling Productivity Report (DPR) indicates a change in the crude oil production growth patterns in three key oil producing regions: the Eagle Ford, Niobrara, and Bakken. After steady growth in these regions since 2009, the latest estimates for March 2015 signal the first instance of regional crude oil production declines in certain regions tracked by the DPR.
EIA's most recent Drilling Productivity Report (DPR) indicates a change in the crude oil production growth patterns in three key oil producing regions: the Eagle Ford, Niobrara, and Bakken. After steady growth in these regions since 2009, the latest estimates for March 2015 signal the first instance of regional crude oil production declines in certain regions tracked by the DPR.
Monday, 16 March 2015
Otmane El Rhazi : Growth in residential electricity prices highest in 6 years, but expected to slow in 2015
Otmane El Rhazi from Today in Energy.
Residential electricity customers in most areas of the country experienced large increases in retail electricity prices during 2014, with the average U.S. residential price increasing 3.1% over the previous year. The increase represents the highest annual growth rate since 2008. EIA forecasts that prices will increase during 2015, but at a slower pace than in 2014.
Residential electricity customers in most areas of the country experienced large increases in retail electricity prices during 2014, with the average U.S. residential price increasing 3.1% over the previous year. The increase represents the highest annual growth rate since 2008. EIA forecasts that prices will increase during 2015, but at a slower pace than in 2014.
Friday, 13 March 2015
Otmane El Rhazi : Total energy subsidies decline since 2010, with changes in support across fuel types
Otmane El Rhazi from Today in Energy.
EIA has updated a report on federal subsidies to the energy industry, covering the 2013 fiscal year (FY). The most recent prior report reviewed subsidies in FY 2010, at or near the height of spending related to the American Recovery and Reinvestment Act of 2009 (more commonly known as the Recovery Act).
EIA has updated a report on federal subsidies to the energy industry, covering the 2013 fiscal year (FY). The most recent prior report reviewed subsidies in FY 2010, at or near the height of spending related to the American Recovery and Reinvestment Act of 2009 (more commonly known as the Recovery Act).
Thursday, 12 March 2015
Otmane El Rhazi : Oil price decline leads to lower tax revenues in top oil-producing states
Otmane El Rhazi from Today in Energy.
The decline in spot oil prices in the last half of 2014 and first month of 2015 has reduced oil and natural gas production tax revenues in some of the largest oil- and natural gas-producing states.
The decline in spot oil prices in the last half of 2014 and first month of 2015 has reduced oil and natural gas production tax revenues in some of the largest oil- and natural gas-producing states.
Wednesday, 11 March 2015
Otmane El Rhazi : California and Quebec complete second joint carbon dioxide emissions allowance auction
Otmane El Rhazi from Today in Energy.
California and Quebec have announced the completion of their second joint CO2 allowance auction through a cap-and-trade system. Previous auctions sold emissions allowances for electric generators and large industrial sources. The most recent auction, held in February 2015, also included allowances for the transportation sector, covering wholesale gasoline suppliers.
California and Quebec have announced the completion of their second joint CO2 allowance auction through a cap-and-trade system. Previous auctions sold emissions allowances for electric generators and large industrial sources. The most recent auction, held in February 2015, also included allowances for the transportation sector, covering wholesale gasoline suppliers.
Tuesday, 10 March 2015
Otmane El Rhazi : Scheduled 2015 capacity additions mostly wind and natural gas; retirements mostly coal
Otmane El Rhazi from Today in Energy.
In 2015, electric generating companies expect to add more than 20 gigawatts (GW) of utility-scale generating capacity to the power grid. The additions are dominated by wind (9.8 GW), natural gas (6.3 GW), and solar (2.2 GW), which combine to make up 91% of total additions. Nearly 16 GW of generating capacity is expected to retire, 81% of which (12.9 GW) is coal-fired generation.
In 2015, electric generating companies expect to add more than 20 gigawatts (GW) of utility-scale generating capacity to the power grid. The additions are dominated by wind (9.8 GW), natural gas (6.3 GW), and solar (2.2 GW), which combine to make up 91% of total additions. Nearly 16 GW of generating capacity is expected to retire, 81% of which (12.9 GW) is coal-fired generation.
Monday, 9 March 2015
Otmane El Rhazi : Changes in natural gas spot prices may not quickly translate to consumer prices
Otmane El Rhazi from Today in Energy.
While natural gas wholesale spot prices have dropped to relatively low levels since the end of 2014, these low prices have not translated directly into lower retail prices for consumers who use natural gas to heat their homes and businesses. This short-term lag is largely due to the nature of utility regulation. Over longer periods, changes in natural gas spot and residential prices are much more closely correlated.
While natural gas wholesale spot prices have dropped to relatively low levels since the end of 2014, these low prices have not translated directly into lower retail prices for consumers who use natural gas to heat their homes and businesses. This short-term lag is largely due to the nature of utility regulation. Over longer periods, changes in natural gas spot and residential prices are much more closely correlated.
Friday, 6 March 2015
Otmane El Rhazi : Supply shortages lead to rolling power outages in the Philippines
Otmane El Rhazi from Today in Energy.
As the 12th-largest nation in the world, the Philippines has a population of more than 100 million people spread over 7,000 islands, presenting several electricity infrastructure challenges. Currently, the country is facing concerns over resource adequacy in its power sector, as the nation is challenged to add supply quickly enough to keep up with growing demand.
As the 12th-largest nation in the world, the Philippines has a population of more than 100 million people spread over 7,000 islands, presenting several electricity infrastructure challenges. Currently, the country is facing concerns over resource adequacy in its power sector, as the nation is challenged to add supply quickly enough to keep up with growing demand.
Thursday, 5 March 2015
Otmane El Rhazi : U.S. petroleum product exports increase for 13th consecutive year, setting record
Otmane El Rhazi from Today in Energy.
U.S. exports of noncrude petroleum products from the United States averaged a record 3.8 million barrels per day (bbl/d) in 2014, an increase of 347,000 bbl/d from 2013, based on data from EIA's Petroleum Supply Monthly. In particular, exports of motor gasoline, propane, and butane increased, offsetting a decrease in distillate exports.
U.S. exports of noncrude petroleum products from the United States averaged a record 3.8 million barrels per day (bbl/d) in 2014, an increase of 347,000 bbl/d from 2013, based on data from EIA's Petroleum Supply Monthly. In particular, exports of motor gasoline, propane, and butane increased, offsetting a decrease in distillate exports.
Wednesday, 4 March 2015
Otmane El Rhazi : U.S. crude oil storage capacity utilization now up to 60%
Otmane El Rhazi from Today in Energy.
Crude oil inventory data for the week ending February 20 show that total utilization of crude oil storage capacity in the United States stands at approximately 60%, compared with 48% at the same time last year. Most U.S. crude oil stocks are held in the Midwest and Gulf Coast, where storage tanks were at 69% and 56% of capacity, respectively, as of February 20. This capacity use calculation reflects only crude oil stored in tanks or underground caverns at tank farms and refineries.
Crude oil inventory data for the week ending February 20 show that total utilization of crude oil storage capacity in the United States stands at approximately 60%, compared with 48% at the same time last year. Most U.S. crude oil stocks are held in the Midwest and Gulf Coast, where storage tanks were at 69% and 56% of capacity, respectively, as of February 20. This capacity use calculation reflects only crude oil stored in tanks or underground caverns at tank farms and refineries.
Tuesday, 3 March 2015
Otmane El Rhazi : Oil production in federal Gulf of Mexico expected to continue increasing
Otmane El Rhazi from Today in Energy.
Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016. EIA projects GOM production to reach 1.52 million barrels per day (bbl/d) in 2015 and 1.61 million bbl/d in 2016, or about 16% and 17% of total U.S. crude oil production in those two years, respectively.
Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016. EIA projects GOM production to reach 1.52 million barrels per day (bbl/d) in 2015 and 1.61 million bbl/d in 2016, or about 16% and 17% of total U.S. crude oil production in those two years, respectively.
Monday, 2 March 2015
Otmane El Rhazi : Voluntary agreement continues to reduce energy consumption of television set-top boxes
Otmane El Rhazi from Today in Energy.
About 85% of U.S. households have at least one set-top box (STB) designed to deliver subscription-based television service by cable, satellite, or other telecommunication signals, according to 2013 data from the National Cable and Telecommunications Association and the Consumer Electronics Association. In most cases, these STBs operate at almost full power whether they're actively being used or inactive.
About 85% of U.S. households have at least one set-top box (STB) designed to deliver subscription-based television service by cable, satellite, or other telecommunication signals, according to 2013 data from the National Cable and Telecommunications Association and the Consumer Electronics Association. In most cases, these STBs operate at almost full power whether they're actively being used or inactive.
Friday, 27 February 2015
Otmane El Rhazi : Petroleum refinery outage in California highlights markets' quick price reaction
Otmane El Rhazi from Today in Energy.
On February 18, an explosion and fire occurred at ExxonMobil's refinery in Torrance, California. The Torrance refinery, the third-largest refinery in Southern California, has about 20% of the region's fluid catalytic cracking capacity and is an important source of gasoline and distillate fuel oil supply for Southern California.
On February 18, an explosion and fire occurred at ExxonMobil's refinery in Torrance, California. The Torrance refinery, the third-largest refinery in Southern California, has about 20% of the region's fluid catalytic cracking capacity and is an important source of gasoline and distillate fuel oil supply for Southern California.
Thursday, 26 February 2015
Otmane El Rhazi : Rise in salt cavern storage capacity for natural gas offsets declines in other capacities
Otmane El Rhazi from Today in Energy.
With natural gas storage at low levels in most of 2014 and production relatively high, minimal new natural gas storage capacity was built, except for salt facilities in the Producing region. Capacity in the East region of the United States fell slightly, resulting in relatively unchanged national total capacity.
With natural gas storage at low levels in most of 2014 and production relatively high, minimal new natural gas storage capacity was built, except for salt facilities in the Producing region. Capacity in the East region of the United States fell slightly, resulting in relatively unchanged national total capacity.
Wednesday, 25 February 2015
Otmane El Rhazi : Wind generation seasonal patterns vary across the United States
Otmane El Rhazi from Today in Energy.
Wind plant generation performance varies throughout the year as a result of highly seasonal wind patterns. Nationally, wind plant performance tends to be highest during the spring and lowest during the mid- to late summer, while performance during the winter (November through February) is around the annual median. However, this pattern can vary considerably across regions, mostly based on local atmospheric and geographic conditions.
Wind plant generation performance varies throughout the year as a result of highly seasonal wind patterns. Nationally, wind plant performance tends to be highest during the spring and lowest during the mid- to late summer, while performance during the winter (November through February) is around the annual median. However, this pattern can vary considerably across regions, mostly based on local atmospheric and geographic conditions.
Tuesday, 24 February 2015
Otmane El Rhazi : Large reduction in distillate fuel sulfur content has only minor effect on energy content
Otmane El Rhazi from Today in Energy.
Distillate fuel oil supply consists of diesel fuel used in diesel engines and heating oil used in furnaces and boilers. Over the past 20 years, the EPA has regulated the amount of sulfur contained in diesel fuel to enable reductions in harmful emissions of nitrogen oxides and particulate matter from diesel engines. Since 2006, most distillate fuel has had less than 15 ppm of sulfur, compared to an average of 3,000 ppm in the 1990s. This has improved air quality with only a minor effect on the energy content of distillate fuel.
Distillate fuel oil supply consists of diesel fuel used in diesel engines and heating oil used in furnaces and boilers. Over the past 20 years, the EPA has regulated the amount of sulfur contained in diesel fuel to enable reductions in harmful emissions of nitrogen oxides and particulate matter from diesel engines. Since 2006, most distillate fuel has had less than 15 ppm of sulfur, compared to an average of 3,000 ppm in the 1990s. This has improved air quality with only a minor effect on the energy content of distillate fuel.
Monday, 23 February 2015
Otmane El Rhazi : Higher RIN prices support continued ethanol blending despite lower gasoline prices
Otmane El Rhazi from Today in Energy.
With the exception of two short periods in late 2013 and the first quarter of 2014, when winter-related logistical bottlenecks drove up ethanol prices, spot ethanol prices have consistently been lower than gasoline prices from December 2011 through October 2014. However, with the sharp decline in crude oil and gasoline prices in the latter months of 2014, gasoline spot prices fell below ethanol spot prices in early November.
With the exception of two short periods in late 2013 and the first quarter of 2014, when winter-related logistical bottlenecks drove up ethanol prices, spot ethanol prices have consistently been lower than gasoline prices from December 2011 through October 2014. However, with the sharp decline in crude oil and gasoline prices in the latter months of 2014, gasoline spot prices fell below ethanol spot prices in early November.
Friday, 20 February 2015
Otmane El Rhazi : Natural gas inventory exceeds five-year average for first time since November 2013
Otmane El Rhazi from Today in Energy.
Working natural gas in storage has surpassed five-year average levels for the first time in more than a year. At 2,157 Bcf as of February 13, stocks are 58 Bcf greater than the five-year average. Recent extremely cold weather may result in high stock withdrawals for the week ending February 20, which could again push stocks below their five-year average. However, natural gas production in February and March that is forecast to average 5 Bcf/day above the year-ago level is likely to contribute to healthy inventories and moderate prices as the nation moves from winter into spring.
Working natural gas in storage has surpassed five-year average levels for the first time in more than a year. At 2,157 Bcf as of February 13, stocks are 58 Bcf greater than the five-year average. Recent extremely cold weather may result in high stock withdrawals for the week ending February 20, which could again push stocks below their five-year average. However, natural gas production in February and March that is forecast to average 5 Bcf/day above the year-ago level is likely to contribute to healthy inventories and moderate prices as the nation moves from winter into spring.
Thursday, 19 February 2015
Otmane El Rhazi : Wind generates more than 10% of Texas electricity in 2014
Otmane El Rhazi from Today in Energy.
In 2014, more than 10% of the electricity used in the grid covering most of Texas came from wind generation, according to the grid's operator, ERCOT. Wind's share of the ERCOT generation mix grew from 6.2% in 2009 to 10.6% in 2014 as total electricity generation increased over the same period by 11.3%. The growth in wind generation is a result of new wind plants coming online and grid expansions that have allowed more wind power to flow through the system to consumers.
In 2014, more than 10% of the electricity used in the grid covering most of Texas came from wind generation, according to the grid's operator, ERCOT. Wind's share of the ERCOT generation mix grew from 6.2% in 2009 to 10.6% in 2014 as total electricity generation increased over the same period by 11.3%. The growth in wind generation is a result of new wind plants coming online and grid expansions that have allowed more wind power to flow through the system to consumers.
Wednesday, 18 February 2015
Otmane El Rhazi : Energy efficiency improvements have largely offset effect of more, larger homes
Otmane El Rhazi from Today in Energy.
The growth in residential energy use has slowed to below the rate of household growth, meaning that per-household energy consumption has decreased. Analysis of EIA's Residential Energy Consumption Survey (RECS) conducted since 1980 shows how improvements in energy efficiency reduced energy intensity enough to offset more than 70% of the growth in both the number of households and the size of dwellings.
The growth in residential energy use has slowed to below the rate of household growth, meaning that per-household energy consumption has decreased. Analysis of EIA's Residential Energy Consumption Survey (RECS) conducted since 1980 shows how improvements in energy efficiency reduced energy intensity enough to offset more than 70% of the growth in both the number of households and the size of dwellings.
Tuesday, 17 February 2015
Otmane El Rhazi : Proposed efficiency standard may eliminate noncondensing gas furnaces
Otmane El Rhazi from Today in Energy.
Following a court challenge that caused a previous proposal to be sent back for further analysis, the U.S. Department of Energy (DOE) has issued a new proposed rulemaking to increase the minimum efficiency standards for gas furnaces for the first time since 1992.
Following a court challenge that caused a previous proposal to be sent back for further analysis, the U.S. Department of Energy (DOE) has issued a new proposed rulemaking to increase the minimum efficiency standards for gas furnaces for the first time since 1992.
Friday, 13 February 2015
Otmane El Rhazi : Shale gas and tight oil are commercially produced in just four countries
Otmane El Rhazi from Today in Energy.
The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas from shale formations or crude oil from tight formations. The U.S. is by far the dominant producer of both shale gas and tight oil.
The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas from shale formations or crude oil from tight formations. The U.S. is by far the dominant producer of both shale gas and tight oil.
Thursday, 12 February 2015
Otmane El Rhazi : Saudi Arabia budget insulated from effects of lower oil prices
Otmane El Rhazi from Today in Energy.
Saudi Arabia is the largest exporter of crude oil and other petroleum liquids in the world, and their oil exports accounted for 89% of the country's total revenue in 2014. The recent decline in global oil prices is decreasing the value of these exports, leading to a potential budget shortfall. In its 2015 budget, Saudi Arabia plans to spend about $230 billion, but expects to take in $190.7 billion in revenue resulting in an overall deficit of $38.6 billion.
Saudi Arabia is the largest exporter of crude oil and other petroleum liquids in the world, and their oil exports accounted for 89% of the country's total revenue in 2014. The recent decline in global oil prices is decreasing the value of these exports, leading to a potential budget shortfall. In its 2015 budget, Saudi Arabia plans to spend about $230 billion, but expects to take in $190.7 billion in revenue resulting in an overall deficit of $38.6 billion.
Wednesday, 11 February 2015
Otmane El Rhazi : Japan plans to restart some nuclear plants in 2015 after Fukushima shutdown
Otmane El Rhazi from Today in Energy.
Previously one of the world's largest producers of nuclear-generated electricity, Japan has relied heavily on fossil fuels following the meltdown at Fukushima Dai-ichi and subsequent shutdown of the country's nuclear fleet. In 2013, when almost all of Japan's nuclear fleet was shut down, more than 86% of Japan's generation mix was composed of fossil fuels. In 2014, Japan's nuclear generation was zero. The Japanese government anticipates bringing online a few nuclear facilities in 2015.
Previously one of the world's largest producers of nuclear-generated electricity, Japan has relied heavily on fossil fuels following the meltdown at Fukushima Dai-ichi and subsequent shutdown of the country's nuclear fleet. In 2013, when almost all of Japan's nuclear fleet was shut down, more than 86% of Japan's generation mix was composed of fossil fuels. In 2014, Japan's nuclear generation was zero. The Japanese government anticipates bringing online a few nuclear facilities in 2015.
Tuesday, 10 February 2015
Otmane El Rhazi : EIA tracking tool shows light-sweet crude oil imports to Gulf Coast virtually eliminated
Otmane El Rhazi from Today in Energy.
The increase in U.S. shale and tight crude oil production has resulted in a decrease of crude oil imports to the U.S. Gulf Coast area, particularly for light-sweet and light-sour crude types. These trends are visualized in EIA's crude import tracking tool, which allows for time-series analysis of crude oil imported to the United States.
The increase in U.S. shale and tight crude oil production has resulted in a decrease of crude oil imports to the U.S. Gulf Coast area, particularly for light-sweet and light-sour crude types. These trends are visualized in EIA's crude import tracking tool, which allows for time-series analysis of crude oil imported to the United States.
Monday, 9 February 2015
Otmane El Rhazi : Iraq was second-leading contributor to global oil supply growth during 2014
Otmane El Rhazi from Today in Energy.
Despite some supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014, behind only the United States. Iraq accounted for almost 60% of production growth among the Organization of the Petroleum Exporting Countries, although this growth was more than offset by production declines in other OPEC countries.
Despite some supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014, behind only the United States. Iraq accounted for almost 60% of production growth among the Organization of the Petroleum Exporting Countries, although this growth was more than offset by production declines in other OPEC countries.
Friday, 6 February 2015
Otmane El Rhazi : Midwest propane market more balanced than a year ago
Otmane El Rhazi from Today in Energy.
Higher inventories, milder weather, and falling crude oil and natural gas prices have resulted in a Midwest propane market that so far this winter has not experienced the challenges faced last winter, when the combination of depleted inventories and high winter demand pushed propane prices to record highs. This winter, lower demand as a result of a less-severe winter has kept Midwest propane markets well-supplied.
Higher inventories, milder weather, and falling crude oil and natural gas prices have resulted in a Midwest propane market that so far this winter has not experienced the challenges faced last winter, when the combination of depleted inventories and high winter demand pushed propane prices to record highs. This winter, lower demand as a result of a less-severe winter has kept Midwest propane markets well-supplied.
Thursday, 5 February 2015
Otmane El Rhazi : Defense Department energy use falls to lowest level since at least 1975
Otmane El Rhazi from Today in Energy.
Energy used by the U.S. Department of Defense (DoD) fell to 0.75 quadrillion British thermal units (Btu) in fiscal year (FY) 2013, the lowest recorded level since at least FY 1975, the earliest available data from the U.S. Department of Energy's Federal Energy Management Program (FEMP). DoD accounts for most of the energy consumed by the federal government.
Energy used by the U.S. Department of Defense (DoD) fell to 0.75 quadrillion British thermal units (Btu) in fiscal year (FY) 2013, the lowest recorded level since at least FY 1975, the earliest available data from the U.S. Department of Energy's Federal Energy Management Program (FEMP). DoD accounts for most of the energy consumed by the federal government.
Wednesday, 4 February 2015
Otmane El Rhazi : Energy consumption by U.S. government at lowest level since at least 1975
Otmane El Rhazi from Today in Energy.
The U.S. federal government, with thousands of facilities and vehicles in locations across the United States and abroad, is one of the largest energy consumers in the world, but that consumption is declining. The Department of Energy's Federal Energy Management Program shows total delivered-to-site energy use by the federal government fell to 0.96 quadrillion Btu in FY 2013, the lowest since 1975, the earliest year for which data are available.
The U.S. federal government, with thousands of facilities and vehicles in locations across the United States and abroad, is one of the largest energy consumers in the world, but that consumption is declining. The Department of Energy's Federal Energy Management Program shows total delivered-to-site energy use by the federal government fell to 0.96 quadrillion Btu in FY 2013, the lowest since 1975, the earliest year for which data are available.
Tuesday, 3 February 2015
Otmane El Rhazi : Increase in average gasoline prices ends 17-week streak of declining prices
Otmane El Rhazi from Today in Energy.
EIA conducts a survey of gasoline prices each Monday, and yesterday's survey showed the U.S. average regular retail gasoline price increasing for the first time in 18 weeks. The steady decline in prices over the previous 17 weeks was the longest consecutive decrease in EIA's weekly survey since prices fell 14 cents per gallon over a 24-week period in 1995
EIA conducts a survey of gasoline prices each Monday, and yesterday's survey showed the U.S. average regular retail gasoline price increasing for the first time in 18 weeks. The steady decline in prices over the previous 17 weeks was the longest consecutive decrease in EIA's weekly survey since prices fell 14 cents per gallon over a 24-week period in 1995
Monday, 2 February 2015
Otmane El Rhazi : New England generation fuel mix changes likely as Vermont Yankee nuclear plant retires
Otmane El Rhazi from Today in Energy.
On December 29, 2014, Entergy shut down its Vermont Yankee nuclear facility after 42 years in service. Vermont Yankee had a capacity of 604 megawatts (MW), generating nearly five million megawatthours (MWh) of electricity per year since 2010. As the fifth-largest source of generation in New England, Vermont Yankee accounted for 4% of New England's total electric generation and more than 70% of generation in Vermont.
On December 29, 2014, Entergy shut down its Vermont Yankee nuclear facility after 42 years in service. Vermont Yankee had a capacity of 604 megawatts (MW), generating nearly five million megawatthours (MWh) of electricity per year since 2010. As the fifth-largest source of generation in New England, Vermont Yankee accounted for 4% of New England's total electric generation and more than 70% of generation in Vermont.
Friday, 30 January 2015
Otmane El Rhazi : Upcoming Super Bowl will be first to be lit with energy-efficient LED lights
Otmane El Rhazi from Today in Energy.
Before the start of the 2014 NFL regular season, University of Phoenix Stadium in Arizona, home to Super Bowl XLIX, retrofitted 312 high-performance light-emitting diode (LED) stadium light fixtures. The LED fixtures replaced more than 780 metal halide high-intensity discharge (HID) fixtures and will illuminate the field during the Super Bowl on February 1.
Before the start of the 2014 NFL regular season, University of Phoenix Stadium in Arizona, home to Super Bowl XLIX, retrofitted 312 high-performance light-emitting diode (LED) stadium light fixtures. The LED fixtures replaced more than 780 metal halide high-intensity discharge (HID) fixtures and will illuminate the field during the Super Bowl on February 1.
Thursday, 29 January 2015
Otmane El Rhazi : Growing U.S. HGL production spurs petrochemical industry investment
Otmane El Rhazi from Today in Energy.
Between 2014 and 2018, U.S. petrochemical capacity expansion projects are projected to increase domestic demand for ethane by nearly 600,000 barrels per day (bbl/d) and propane by nearly 200,000 bbl/d. This growing demand is in response to growing domestic hydrocarbon gas liquids (HGL) supply and favorable petrochemical feedstock prices in the United States relative to the international market.
Between 2014 and 2018, U.S. petrochemical capacity expansion projects are projected to increase domestic demand for ethane by nearly 600,000 barrels per day (bbl/d) and propane by nearly 200,000 bbl/d. This growing demand is in response to growing domestic hydrocarbon gas liquids (HGL) supply and favorable petrochemical feedstock prices in the United States relative to the international market.
Wednesday, 28 January 2015
Otmane El Rhazi : Natural gas prices drop following strong production growth
Otmane El Rhazi from Today in Energy.
Following a short-lived price increase in November, natural gas prices have dropped to their lowest levels since September 2012, reflecting strong domestic production and inventory builds
Following a short-lived price increase in November, natural gas prices have dropped to their lowest levels since September 2012, reflecting strong domestic production and inventory builds
Tuesday, 27 January 2015
Otmane El Rhazi : Hawaii’s electric system is changing with rooftop solar growth and new utility ownership
Otmane El Rhazi from Today in Energy.
In December, NextEra Energy Inc. announced an agreement to acquire Hawaiian Electric Industries Inc., owner of three electric utilities that together supply power to 95% of Hawaii's population. The Hawaiian Electric utilities' solar PV programs continue to evolve as the utilities handle ever-larger amounts of customer-sited solar capacity on their small and isolated island grids.
In December, NextEra Energy Inc. announced an agreement to acquire Hawaiian Electric Industries Inc., owner of three electric utilities that together supply power to 95% of Hawaii's population. The Hawaiian Electric utilities' solar PV programs continue to evolve as the utilities handle ever-larger amounts of customer-sited solar capacity on their small and isolated island grids.
Otmane El Rhazi : EIA updates Eagle Ford maps to provide greater geologic detail
Otmane El Rhazi from Today in Energy.
Recent updates to EIA's maps and geologic information for the Eagle Ford tight oil and shale gas play in Texas help to characterize the formation's structure, thickness, and surface area, as well as the gas-to-oil ratio of its producing wells from January 2000 to June 2014. This information provides a better understanding of recent production within the context of key geologic parameters.
Recent updates to EIA's maps and geologic information for the Eagle Ford tight oil and shale gas play in Texas help to characterize the formation's structure, thickness, and surface area, as well as the gas-to-oil ratio of its producing wells from January 2000 to June 2014. This information provides a better understanding of recent production within the context of key geologic parameters.
Monday, 26 January 2015
Otmane El Rhazi : Lower 48 oil production outlook stable despite expected near-term reduction in rig count
Otmane El Rhazi from Today in Energy.
The sharp decline in oil prices over the last quarter of 2014, which has continued in January, is already having a significant effect on drilling activity in the United States, as shown by the 16% decline in the number of active onshore drilling rigs in the Lower 48 states between the weeks ending on October 31, 2014 and January 23, 2015.
The sharp decline in oil prices over the last quarter of 2014, which has continued in January, is already having a significant effect on drilling activity in the United States, as shown by the 16% decline in the number of active onshore drilling rigs in the Lower 48 states between the weeks ending on October 31, 2014 and January 23, 2015.
Friday, 23 January 2015
Otmane El Rhazi : Currency depreciation against the dollar affects oil importers and exporters differently
Otmane El Rhazi from Today in Energy.
Widely traded futures contracts for North Sea Brent crude oil in global financial markets are typically priced in U.S. dollars (USD). The appreciation, or increase in value, of USD against most other currencies since last summer can either mitigate or exacerbate the effects of the recent sharp decline in USD-denominated crude oil prices, depending on whether a particular country is a net importer or a net exporter of crude oil.
Widely traded futures contracts for North Sea Brent crude oil in global financial markets are typically priced in U.S. dollars (USD). The appreciation, or increase in value, of USD against most other currencies since last summer can either mitigate or exacerbate the effects of the recent sharp decline in USD-denominated crude oil prices, depending on whether a particular country is a net importer or a net exporter of crude oil.
Thursday, 22 January 2015
Otmane El Rhazi : Northern Maine considers options to gain direct access to New England electric grid
Otmane El Rhazi from Today in Energy.
Northern Maine is a unique power market: Unlike any other part of the Lower 48 states, this region is connected to one of the 3 main power grids serving the United States and Canada only via transmission lines that run through Canada. Currently, grid operators are considering transmission options to give northern Maine direct links to the rest of New England in an effort to enhance reliability and expand access to electricity markets.
Northern Maine is a unique power market: Unlike any other part of the Lower 48 states, this region is connected to one of the 3 main power grids serving the United States and Canada only via transmission lines that run through Canada. Currently, grid operators are considering transmission options to give northern Maine direct links to the rest of New England in an effort to enhance reliability and expand access to electricity markets.
Tuesday, 20 January 2015
Otmane El Rhazi : NERC assessment examines winter power system reliability, fuel diversity
Otmane El Rhazi from Today in Energy.
The North American Electric Reliability Corporation's (NERC) recently released 2014-15 Winter Reliability Assessment finds that all assessment areas have enough capacity resources to meet normal winter peak electricity demand. However, NERC highlights lower levels of reserves (spare capacity) in specific regions under an extreme winter scenario where the combination of demand increases and supply outages may stress electricity grids.
The North American Electric Reliability Corporation's (NERC) recently released 2014-15 Winter Reliability Assessment finds that all assessment areas have enough capacity resources to meet normal winter peak electricity demand. However, NERC highlights lower levels of reserves (spare capacity) in specific regions under an extreme winter scenario where the combination of demand increases and supply outages may stress electricity grids.
Friday, 16 January 2015
Otmane El Rhazi : Regional differences in China's vehicle adoption reflect differences in income
Otmane El Rhazi from Today in Energy.
Oil demand and imports in China have increased significantly as private passenger vehicle sales and use have increased. Sales of private passenger vehicles have grown by 29% annually over the past 13 years, which has increased gasoline consumption in China. China is currently the world's second-largest oil consumer, behind the United States. Increased sales have mainly been focused in China's wealthier, eastern provinces, where some provinces have now instituted policies to limit vehicle ownership.
Oil demand and imports in China have increased significantly as private passenger vehicle sales and use have increased. Sales of private passenger vehicles have grown by 29% annually over the past 13 years, which has increased gasoline consumption in China. China is currently the world's second-largest oil consumer, behind the United States. Increased sales have mainly been focused in China's wealthier, eastern provinces, where some provinces have now instituted policies to limit vehicle ownership.
Thursday, 15 January 2015
Otmane El Rhazi : Regional refinery trends evolve to accommodate increased domestic crude oil production
Otmane El Rhazi from Today in Energy.
Recent rapid growth in U.S. production of light tight oil has raised interest in understanding how U.S. refineries, many of which are configured to process heavier crude oil, might accommodate increased volumes of domestic light crude. The U.S. refinery fleet, which is distributed across PADDs, varies both within and across regions in capacity, quality of crude oil inputs, utilization rates, and sources of crude supply.
Recent rapid growth in U.S. production of light tight oil has raised interest in understanding how U.S. refineries, many of which are configured to process heavier crude oil, might accommodate increased volumes of domestic light crude. The U.S. refinery fleet, which is distributed across PADDs, varies both within and across regions in capacity, quality of crude oil inputs, utilization rates, and sources of crude supply.
Wednesday, 14 January 2015
Otmane El Rhazi : Market expectations of oil price uncertainty have increased in recent months
Otmane El Rhazi from Today in Energy.
December was the sixth consecutive month in which monthly average Brent crude oil prices decreased, falling $17/barrel (bbl) from November to a monthly average of $62/bbl, the lowest since May 2009. The December price decline, and its continuation into early January, reflects continued growth in U.S. tight oil production, strong global supply, and weakening outlooks for the global economy and oil demand growth.
December was the sixth consecutive month in which monthly average Brent crude oil prices decreased, falling $17/barrel (bbl) from November to a monthly average of $62/bbl, the lowest since May 2009. The December price decline, and its continuation into early January, reflects continued growth in U.S. tight oil production, strong global supply, and weakening outlooks for the global economy and oil demand growth.
Monday, 12 January 2015
Otmane El Rhazi : Wholesale power prices increase across the country in 2014
Otmane El Rhazi from Today in Energy.
Wholesale on-peak electricity prices were up at trading hubs across the nation between 2013 and 2014, driven largely by increases in spot natural gas prices and high energy demand caused by cold weather in the beginning of the year.
Wholesale on-peak electricity prices were up at trading hubs across the nation between 2013 and 2014, driven largely by increases in spot natural gas prices and high energy demand caused by cold weather in the beginning of the year.
Friday, 9 January 2015
Otmane El Rhazi : Presalt oil and natural gas provide an increasing share of Brazil's production
Otmane El Rhazi from Today in Energy.
In 2013, Brazil produced 2.0 million bbl/d of crude oil and nearly one Tcf of gross natural gas. The share of this production from presalt resources found under thick layers of salt thousands of feet below the ocean's surface is small, but continues to increase. Crude oil production from the presalt layer was 15% of total production in 2013, up from 0.4% in 2008 when oil from the presalt was first produced. Similarly, Brazil's presalt natural gas production represents 14% of total production, up from 0.5% in 2008.
In 2013, Brazil produced 2.0 million bbl/d of crude oil and nearly one Tcf of gross natural gas. The share of this production from presalt resources found under thick layers of salt thousands of feet below the ocean's surface is small, but continues to increase. Crude oil production from the presalt layer was 15% of total production in 2013, up from 0.4% in 2008 when oil from the presalt was first produced. Similarly, Brazil's presalt natural gas production represents 14% of total production, up from 0.5% in 2008.
Thursday, 8 January 2015
Otmane El Rhazi : Spot steam coal prices in 2014 fell in east and rose in west
Otmane El Rhazi from Today in Energy.
Eastern spot steam coal prices declined in 2014 compared to 2013 levels because of a decline in steam coal exports. The price declines were particularly pronounced in the second half of the year, as natural gas prices dropped below $4/MMBtu, making higher-priced eastern coals less price competitive as a fuel for generating electricity.
Eastern spot steam coal prices declined in 2014 compared to 2013 levels because of a decline in steam coal exports. The price declines were particularly pronounced in the second half of the year, as natural gas prices dropped below $4/MMBtu, making higher-priced eastern coals less price competitive as a fuel for generating electricity.
Wednesday, 7 January 2015
Otmane El Rhazi : U.S. gasoline prices end 2014 at lowest levels since mid-May 2009
Otmane El Rhazi from Today in Energy.
Across the country, retail prices for regular grade gasoline reached the lowest levels in four years due primarily to falling crude prices in the second half of 2014. As of December 12, the weekly retail price for regular gasoline in each city for which EIA collects data was below $3.00 per gallon (gal) for the first time since February 2010.
Across the country, retail prices for regular grade gasoline reached the lowest levels in four years due primarily to falling crude prices in the second half of 2014. As of December 12, the weekly retail price for regular gasoline in each city for which EIA collects data was below $3.00 per gallon (gal) for the first time since February 2010.
Monday, 5 January 2015
Otmane El Rhazi : Energy had larger price declines than most nonenergy commodities in 2014
Otmane El Rhazi from Today in Energy.
The first eight months of 2014 were much like 2013, as energy commodities remained in a relatively stable price range. During the last four months of 2014, however, crude oil and petroleum product prices fell dramatically, and ended the year with the largest price drops of all major commodities in the S&P Goldman Sachs Commodity Index (GSCI).
The first eight months of 2014 were much like 2013, as energy commodities remained in a relatively stable price range. During the last four months of 2014, however, crude oil and petroleum product prices fell dramatically, and ended the year with the largest price drops of all major commodities in the S&P Goldman Sachs Commodity Index (GSCI).
Subscribe to:
Posts (Atom)