RSS feed source: US Energy Information Administration

In-brief analysis

July 22, 2025

The United States exported more crude oil to Nigeria than it received from Nigeria for the first time in February and March 2025. During this period, refinery maintenance on the U.S. East Coast drove down U.S. demand for crude oil imports, including imports from Nigeria, and the relatively new Dangote refinery in Nigeria drove up Nigeria’s demand for inputs, including crude oil it imported from the United States. This marks the first time that the United States was a net crude oil exporter to Nigeria, and structural changes to crude oil trade between the countries suggest this dynamic could occur more frequently.

In January 2024, the Dangote refinery in Nigeria began processing crude oil, and in the following month Nigeria imported crude oil from the United States. Nigeria is more commonly considered

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RSS feed source: US Energy Information Administration

In-brief analysis

July 21, 2025

In 2024, France increased its cross-border electricity deliveries by 48%, from 70 terawatthours (TWh) in 2023 to 103 TWh in 2024. France’s electricity exports to Belgium and Germany increased the most, but France also exported more electricity to Spain, Switzerland, the United Kingdom, and Italy, according to data from the European Network of Transmission System Operators for Electricity. Within France’s electricity generation mix, nuclear energy increased the most, followed by hydropower.

Overall, electricity generation in France increased by 45 TWh in 2024, while consumption remained relatively steady. Nuclear energy generation increased the most, followed by hydropower, while wind and natural gas-fired generation decreased.

The rise in French electricity generation reduced the country’s need for gross electricity imports, which fell by 50% in 2024. Among the six countries France imported electricity from

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RSS feed source: US Energy Information Administration

In-brief analysis

July 18, 2025

Data source: U.S. Energy Information Administration, Annual Energy Outlook 2025 (AEO2025)

In our recently published Annual Energy Outlook 2025 (AEO2025), we introduce our new Carbon Capture, Allocation, Transportation, and Sequestration module (CCATS), which allows us to model carbon capture in the coming decades.

The CCATS module allocates projected supply of captured CO2 across the energy system for either enhanced oil recovery or geologic storage using a network representation of capture facilities, transshipment points, and sequestration sites.

In AEO2025, we project CO2 capture at electric power and industrial facilities will increase through the 2030s, primarily due to increased tax credit values. Captured emissions peak at 1.5%–3.5% of energy emissions in the late 2030s in most cases.

In most of our cases, we considered laws and regulations in place as

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RSS feed source: US Energy Information Administration

In-brief analysis

July 16, 2025

U.S. proved reserves of crude oil and lease condensate totaled 46 billion barrels at year-end 2023, a 4% decline from the previous year’s record, according to our U.S. Crude Oil and Natural Gas Proved Reserves, Year-End 2023 report. U.S. proved reserves of natural gas fell to 604 trillion cubic feet, a 13% decline from their 2022 record. Both declines marked the first annual decrease in U.S. proved reserves for those fuels since 2020.

Proved reserves are operator estimates of the volumes of oil and natural gas that geological and engineering data demonstrate with reasonable certainty to be recoverable in the future from known reservoirs under existing economic and operating conditions. Prices heavily affect estimates of proved reserves.

Operators revised their proved reserves downward in response to falling prices in 2023 from

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