RSS feed source: US Energy Information Administration

In-brief analysis

November 20, 2024

Data source: China National Bureau of Statistics, China General Administration of Customs, and Bloomberg L.P.
Note: We define apparent demand as refinery production plus imports minus exports.

Gasoline consumption in China has begun to fall in recent months amid increased sales of electric vehicles, slow economic growth, and population decline.

We estimate gasoline consumption in China averaged 3.2 million barrels per day (b/d) in August 2024, 14% less than in August 2023. The trend continued in September and October, which were down from the same months in 2023. From January through July of this year, more gasoline was consumed in China than the year before.

These trends led us to reduce our forecast growth in consumption of petroleum and liquid fuels in China in 2024 and 2025 in our Short-Term

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RSS feed source: US Energy Information Administration

In-brief analysis

November 19, 2024

Data source: Natural Gas Intelligence
Note: Prices are adjusted for inflation based on September 2024 Bureau of Labor Statistics’ Consumer Price Index data.

Monthly average natural gas spot prices at northwestern U.S. and western Canada border pricing hubs reached historic lows in 2024 through October, according to data from Natural Gas Intelligence. Robust natural gas production in western Canada, where output has generally increased over the last two years, and high natural gas inventories in the region contributed to the low prices.

At Westcoast Station 2, the western Canada benchmark, the daily spot natural gas price has averaged $1.04 per million British thermal units (MMBtu) in 2024 through October, reaching its lowest monthly average of $0.31/MMBtu in September. Located near Fort St. John, British Columbia, close to natural gas production activities

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RSS feed source: US Energy Information Administration

In-brief analysis

November 18, 2024

Data source: U.S. Energy Information Administration and Federal Energy Regulatory Commission (FERC) Financial Reports, as accessed by Ventyx Velocity Suite
Note: O&M=operation and maintenance

Annual spending by major utilities to produce and deliver electricity increased 12% from $287 billion in 2003 to $320 billion in 2023 as measured in real 2023 dollars, according to financial reports to the Federal Energy Regulatory Commission (FERC). Capital investment in electric infrastructure mostly drove the increase, more than doubling over the period as:

Aging generation and delivery infrastructure were replaced or upgraded to resist fire and storm damage. Utilities installed first natural gas-fired generation, then wind and solar generation, and, more recently, battery storage. New lines were connected to renewable resources. New technology, including smart meters, sensors, and automated controls, was added to the system.

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RSS feed source: US Energy Information Administration

In-brief analysis

November 14, 2024

Data source: U.S. Census Bureau
Note: This chart includes marketable petroleum coke, except for exports not assigned to ports (less than 1% of exports). It excludes catalyst petroleum coke.

Annual production of U.S. petroleum coke (petcoke) has remained relatively unchanged over the past 10 years (2014–23), averaging 46 million tons according to our analysis of U.S. Census Bureau data. Most U.S. petroleum coke is exported. The United States exported approximately 41 million tons in 2023, slightly more than the 10-year average for total petcoke exports of 40 million tons.

Petcoke is a carbon-rich fuel and feedstock extracted from petroleum during the refining process. It is a byproduct of coker units found at complex refineries. Petcoke is a steady energy source used for power generation and industrial applications. It can also be

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