RSS feed source: US Energy Information Administration

In-brief analysis

June 6, 2025

We forecast crude oil production in the Federal Offshore Gulf of America (GOA) will average 1.80 million barrels per day (b/d) in 2025 and 1.81 million b/d in 2026, compared with 1.77 million b/d in 2024, in our most recent Short-Term Energy Outlook (STEO). We expect GOA natural gas production to average 1.72 billion cubic feet per day (Bcf/d) in 2025 and 1.64 Bcf/d in 2026, compared with 1.79 Bcf/d in 2024. At these volumes, the GOA is forecast to contribute about 13% of U.S. crude oil production and 1% of U.S. marketed natural gas production in 2025 and 2026.

We expect operators to start crude oil and natural gas production at 13 fields in the GOA during 2025 and 2026, without which GOA production would decline. Eight fields will be developed

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RSS feed source: US Energy Information Administration

In-brief analysis

June 4, 2025

U.S. production of renewable diesel and biodiesel fell sharply in the first quarter of 2025 (1Q25) because of uncertainty related to federal biofuel tax credits and negative profit margins. We forecast production of both fuels to increase as the year progresses but biodiesel production to remain less than in 2024.

Renewable diesel and biodiesel are biomass-based diesel fuels that can replace petroleum-based distillate and be used to comply with renewable volume obligations in the Renewable Fuel Standard (RFS) administered by the U.S. Environmental Protection Agency (EPA). Renewable diesel can be used in diesel engines in any concentration because it is chemically equivalent to petroleum-based distillate fuel, and biodiesel is typically blended with petroleum distillate at concentrations of 20% or less for vehicle consumption because of some chemical differences.

In January 2025,

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In-brief analysis

June 2, 2025

Data source: U.S. Energy Information Administration, Short Term Energy Outlook (Table 4a and Table 10b), May 2025 and Enverus
Note: L48=U.S. Lower 48 states

Onshore crude oil production in the U.S. Lower 48 states (L48) has more than tripled since January 2010, driven by tight oil production growth in the Permian region. Onshore crude oil production is made up of both legacy oil production, primarily from vertically drilled wells, and newer tight oil production, primarily from horizontally drilled wells.

Legacy production decreased from 2.6 million barrels per day (b/d) in 2010 to 2.1 million b/d in 2024. Over the same period, tight oil production increased from 0.8 million b/d to 8.9 million b/d, accounting for 81% of total onshore L48 oil production in 2024. The Permian accounted for 65% of all

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RSS feed source: US Energy Information Administration

In-brief analysis

May 30, 2025

Data source: Wards Intelligence

About 22% of light-duty vehicles sold in the first quarter of the year in the United States were hybrid, battery electric, or plug-in hybrid vehicles, up from about 18% in the first quarter of 2024. Among those categories, hybrid electric vehicles have continued to gain market share while battery electric vehicles and plug-in hybrid vehicles have remained relatively flat, according to estimates from Wards Intelligence.

These different vehicle types affect the broader energy sector in different ways. Battery electric vehicles and plug-in hybrid vehicles can consume electricity from isolated power sources or, more commonly, from the grid. So, their use can affect electricity demand. By comparison, hybrid electric vehicles do not have plugs, so they don’t directly affect grid-delivered electricity demand.

Data

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