RSS feed source: US Energy Information Administration

In-brief analysis

June 20, 2025

The United States continued to produce more energy than it consumed in 2024. This surplus energy production helped energy exports grow to a record high 30.9 quadrillion British thermal units (quads) in 2024, up 4% from 2023. Energy imports stayed flat at 21.7 quads in 2024, meaning the United States exported 9.3 quads more energy than it imported, the highest net exports in our records, which date back to 1949.

Energy consumption in the United States totaled 94.2 quads in 2024, remaining below the peak of 99.0 quads set in 2007. Petroleum remained the largest source of primary energy consumption in the United States in 2024, totaling 35.3 quads, about the same as in the three previous years. Natural gas consumption reached an all-time high in 2024 at 34.2 quads,

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RSS feed source: US Energy Information Administration

In-brief analysis

June 18, 2025

We forecast U.S. ethane exports will decrease by 80,000 barrels per day (b/d) this year and by 177,000 b/d in 2026 in our June Short-Term Energy Outlook because of new licensing requirements for U.S. exports of ethane to China. Any policy changes that relax licensing requirements, such as the outcome of trade negotiations between the United States and China, would lead us to increase our forecasts for U.S. ethane exports again.

China is the largest destination for U.S. ethane exports, accounting for 47% of U.S. ethane exports in 2024. All U.S. ethane exports to China come from two terminals on the U.S. Gulf Coast. Enterprise operates the Orbit terminal in Morgan’s Point, Texas, and Energy Transfer operates a terminal in Nederland, Texas. These terminals have long-term contracts with ethane cracking facilities in

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