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Market Analysis
EIA: Less Electricity Generated by Coal than Nuclear in US in 2020
US coal-fired electricity generated totalled 774 million MWh in 2020, which is less than both natural gas-fired and nuclear-powered generation.
Crude Oil
EIA: OPEC+ Cuts To Lift Oil Prices Through April
Oil prices will likely remain at the current high levels in March and April, with Brent Crude prices averaging between $65 and $70 per barrel, after the OPEC+ g…
Oil & Gas Trade
U.S. will Import 62% more Crude by 2022 Due to Domestic Production Declines, Says EIA
Throughout much of its history, the United States has imported more petroleum than it has exported.
Power Construction
Turkey Selects Hitachi ABB Transformers for Grid Expansion
Turkish transmission system operator TEİAŞ has selected Hitachi ABB Power Grid as its partner for a grid expansion project.
Natural Gas
US Gas-Fired Power Generation Set For First Drop Since 2017
Higher natural gas prices this year are expected to result in the first annual decline in U.S. gas-fired electricity generation since 2017.
Coal Trade
US 2021 Coal Production Expected to Rise 15.6% on Year: EIA
The US is estimated to produce 602.6 million st of coal in 2021, the Energy Information Administration said in a Jan. 12 report, lowering its estimate from a mo…
Coal Production
Weekly US Coal Production Totals 11 million st, Down 12.6% on Year: EIA
Weekly US coal production was estimated at nearly 11 million st in the week ended Dec. 19, down 2.6% from the year-ago week, US Energy Information Administratio…
United States
U.S. Senate Passes American Energy Innovation Act
AEIA to modernize domestic energy laws to ensure the United States remains a global energy leader.
Oil Shale
U.S. Shale Oil Output to Drop 136,000 bpd to 7.44 million bpd in Jan – EIA
U.S. oil output from shale formations is expected to decline by about 136,000 barrels per day in January to 7.44 million bpd, the lowest since June, the U.S. En…
Crude Oil
US Energy Agency Revises up Oil Price Forecast
Brent price expected to increase by 2.1%, according to Energy Info. Administration's Short-Term Energy Outlook for December
Joe Biden
Solar Industry Prioritizes Tax Credit Extension, Trade Policy for Biden Administration
SEIA, the solar industry’s largest trade group, hopes a Biden administration will get behind its key policy goals.
Coal Production
Coal Consumption In U.S. Electricity Sector Plunges 30%
Milder winter in early 2020 with lower demand also led to lower use of coal in the U.S. electricity sector, the EIA said.
Oil & Gas Trade
US Crude Stocks Dip, Gasoline Inventories up: EIA
US crude stocks and distillate inventories fell while gasoline inventories rose, the Energy Information Administration said on Wednesday.
Oil Field
Petrobras Delays Parque Das Baleias Project to 2024
Brazilian oil major Petrobras has postponed the Parque das Baleias integrated project in the Campos basin by about one year.
Crude Oil
EIA Sees Global Oil Market Balancing By End-2021
The OPEC+ production cuts and curtailments in the United States are set to help global inventories to continue drawing down for the rest of the year and most of…
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