RSS feed source: US Energy Information Administration

In-brief analysis

June 16, 2025

Data source: U.S. Energy Information Administration analysis based on Vortexa tanker tracking
Note: 1Q25=first quarter of 2025

The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The strait is deep enough and wide enough to handle the world’s largest crude oil tankers, and it is one of the world’s most important oil chokepoints. Large volumes of oil flow through the strait, and very few alternative options exist to move oil out of the strait if it is closed. In 2024, oil flow through the strait averaged 20 million barrels per day (b/d), or the equivalent of about 20% of global petroleum liquids consumption. In the first quarter of 2025, total oil flows through the Strait of Hormuz remained

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RSS feed source: US Energy Information Administration

In-brief analysis

June 13, 2025

Underground working natural gas storage capacity in the Lower 48 states increased in 2024 according to our latest data. We calculate natural gas storage capacity in two ways: demonstrated peak capacity and working gas design capacity. Both increased in 2024. Underground natural gas storage provides a source of energy when demand increases, balancing U.S. energy needs. In 2024, demonstrated peak capacity rose 1.7%, or 70 billion cubic feet (Bcf), to 4,277 Bcf, while working gas design capacity increased slightly by 0.1%, or 3 Bcf.

Demonstrated peak capacity is the sum of the largest volume of working gas stored in each storage field during the previous five-year period, regardless of when the peaks occurred. Demonstrated peak capacity is typically less than working gas design capacity because it relates to actual usage rather than

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RSS feed source: US Energy Information Administration

In-brief analysis

June 11, 2025

Developers plan to add 18.7 gigawatts (GW) of combined-cycle capacity to the grid by 2028, with 4.3 GW already under construction, according to our latest Preliminary Monthly Electric Generator Inventory. Although electricity generators fueled by natural gas have provided more electricity in the United States than any other source since 2016, hardly any new natural gas capacity came online last year.

Combined-cycle units contribute to grid operation, reliability
Relatively efficient combined-cycle gas turbines (CCGTs) account for most of the natural gas-fired generating capacity in the United States. CCGT units are flexible and can quickly ramp up or down to respond to changes in power supply, supporting the reliability of the transmission system especially as more renewable capacity is integrated in the system.

The design lifetime of CCGT units is typically 25 years

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RSS feed source: US Energy Information Administration

In-brief analysis

June 9, 2025

In 2024, the United States produced a record amount of energy, according to data in our Monthly Energy Review. U.S. total energy production was more than 103 quadrillion British thermal units in 2024, a 1% increase from the previous record set in 2023. Several energy sources—natural gas, crude oil, natural gas plant liquids, biofuels, solar, and wind—each set domestic production records last year.

Natural gas accounted for about 38% of U.S. total energy production in 2024 and has been the largest source of U.S. domestic energy production every year since 2011, when it surpassed coal. U.S. dry natural gas production was nearly 38 trillion cubic feet, about the same as in 2023.

Domestic crude oil accounted for about 27% of U.S. total energy production in 2024, as the United States continues

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