EIA: US energy production in 2019 exceeded consumption for first time in 62 years
In 2019, for the first time since 1957, energy production exceeded energy consumption in the US on an annual basis, according to the EIA’s Monthly Energy Review.
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In 2019, for the first time since 1957, energy production exceeded energy consumption in the US on an annual basis, according to the EIA’s Monthly Energy Review.
EIA has analysed how low liquidity and limited available storage pushed WTI crude oil futures prices below zero.
The US EIA reports that falling demand and increasing supply have made daily price changes for the US benchmark crude oil West Texas Intermediate extremely volatile
The US EIA reports on several underlying assumptions about OPEC’s posture regarding targeted production output, and what effect it may have on global oil balances and prices.
US natural gas production grew by 9.8 billion ft3/d in 2019, according to the US Energy Information Administration.
Growth in US net exports is led by increases in exports to Mexico.
The database tracks more than 200 crude oil, hydrocarbon gas liquids, and petroleum products pipeline projects.
The volume of US natural gas that was reported as vented and flared reached its highest average annual level in 2018, according to the EIA’s Natural Gas Annual.
The US EIA reports that of the 134 active natural gas pipeline projects it tracks, 46 have entered or are expected to enter service in 2019.
A growing share of US natural gas production is associated-dissolved natural gas, according to the EIA.
US crude oil production in the US Federal Gulf of Mexico averaged 1.8 million bpd in 2018, setting a new annual record.
The movement of natural gas has increased as natural gas spot prices have declined in the northeast and as production in Appalachia has continued to grow.