natural gas demand

Changes in behavior due to the Covid-19 pandemic, along with colder temperatures, will result in greater residential natural gas consumption during the 2020/21 winter, according to a forecast from the Energy Information Administration (EIA). The EIA’s most recent projections show residential natural gas consumption averaging 21.1 Bcf/d from October 2020 through March 2021, a 5%…

As a result of the coronavirus pandemic and its economic impacts, energy demand is set to drop by 5% in 2020, with oil and gas investments falling by an estimated 18%, according to the International Energy Agency (IEA). The global energy watchdog on Tuesday issued its flagship World Energy Outlook 2020 (WEO-2020), with the pandemic…

Oil demand and prices are unlikely to return to pre-Covid levels until 2022 or 2023, according to the latest quarterly energy survey conducted by the Federal Reserve Bank of Kansas City. The Kansas City Fed, as it is known, every quarter surveys current and expected energy activity across the Midcontinent, as well as expectations for…

More than 5 Bcf/d of natural gas demand from the industrial sector has been lost since the start of the year, brought down by the heavy economic toll of Covid-19, the Department of Energy said. Domestic natural gas demand from the industrial sector measured 20.1 Bcf/d in June, down nearly 1.0 Bcf/d compared to year-ago…