EIA news
EIA: Canada is the largest source of US energy imports
Canada is the largest source of US energy imports and the second-largest destination for US energy exports behind only Mexico, according to the EIA.
EIA forecasts lower US natural gas consumption in 2020
The EIA forecasts that the decrease will be driven by declines in natural gas used in the industrial, commercial, and residential sectors.
EIA forecasts US crude oil production to fall in 2020 and 2021
The EIA forecasts US crude oil production to fall in 2020 and 2021 as efforts to mitigate the spread of COVID-19 continue to affect demand and prices.
EIA: US crude oil inventories approaching record-high levels
Recent declines in demand for petroleum products have contributed to record increases in US commercial crude oil inventories.
EIA: US energy production in 2019 exceeded consumption for first time in 62 years
In 2019, for the first time since 1957, energy production exceeded energy consumption in the US on an annual basis, according to the EIA’s Monthly Energy Review.
The fall of WTI crude oil futures prices below zero
EIA has analysed how low liquidity and limited available storage pushed WTI crude oil futures prices below zero.
EIA: oil market volatility at an all-time high
The US EIA reports that falling demand and increasing supply have made daily price changes for the US benchmark crude oil West Texas Intermediate extremely volatile
EIA: OPEC shift to maintain market share will cause global inventory increases and lower prices
The US EIA reports on several underlying assumptions about OPEC’s posture regarding targeted production output, and what effect it may have on global oil balances and prices.
EIA: US natural gas production increased by 10% in 2019
US natural gas production grew by 9.8 billion ft3/d in 2019, according to the US Energy Information Administration.
EIA expects US net natural gas exports to almost double by 2021
Growth in US net exports is led by increases in exports to Mexico.