EIA news

EIA: rising production from OPEC+ countries and the US will lead to global liquid fuels inventories increasing and crude oil prices falling in 2022.

In the EIA’s recently updated Natural Gas Pipeline Projects Tracker, it estimates over 4 billion ft3/d of new natural gas pipeline capacity entered service in 3Q21, primarily supplying US Gulf Coast and Northeast demand markets. In total, the Natural Gas Pipeline Projects Tracker includes updates to 25 interstate and intrastate natural gas pipeline projects, including announcements of new projects and estimated dates of completion.

Projections of international energy related CO2 emissions.

Production declined in the combined five major US onshore crude oil-producing regions for the first time since 2016.

EIA’s updated liquids pipeline database shows 19 projects moving toward completion in 2021.

EIA expects Brent crude oil prices to stabilise then decline as global oil production increases.

Based on forecasts in the US EIA’s January 2021 Short-Term Energy Outlook, EIA expects total production of fossil fuels in the United States to remain flat in 2021.

In its November Short-Term Energy Outlook, EIA forecasts that US crude oil production will remain near its current level through the end of 2021.

US pipeline exports of natural gas have been displacing other sources of Mexico’s natural gas, including LNG imports.

US crude oil exports reached a record high in February 2020 and have since fallen in each month, based on data through June, according to the US EIA.