Report

Domestic Crude Stocks Dip Again; IEA Says Global Oil Demand Outlook Brightens

Domestic Crude Stocks Dip Again; IEA Says Global Oil Demand Outlook Brightens

U.S. crude stockpiles declined for a third straight week as domestic demand increased, federal data released Wednesday show. A separate global forecast, meanwhile, pointed to increased oil consumption through 2021, as coronavirus vaccination programs gain momentum and economic activity increases. In its Weekly Petroleum Status Report (WPSR), the U.S. Energy Information Administration (EIA) said domestic…

April 14, 2021
Electric Power Sector Must Brace for Mounting Weather Disasters, Energy Economist Says

Electric Power Sector Must Brace for Mounting Weather Disasters, Energy Economist Says

The February freeze that crippled the Texas energy grid for days amplified a trend already well underway — high-cost and increasingly frequent climate-related disasters that the electric power industry struggles to manage through. That assessment comes in a new report from energy lender CoBank, based in Denver. The polar outbreak affected several states, requiring rolling…

April 7, 2021
As Demand Recovers, Oil Inventories Decline for First Time Since February, EIA Says

As Demand Recovers, Oil Inventories Decline for First Time Since February, EIA Says

U.S. oil inventories decreased for the first time in five weeks as demand rebounded, the U.S. Energy Information Administration (EIA) said Wednesday. In its Weekly Petroleum Status Report, EIA said crude inventories — excluding those in the Strategic Petroleum Reserve — fell by 900,000 bbl from the previous week. Still, at 501.8 million bbl, U.S.…

March 31, 2021
As Demand Eases and Production Ticks Up, U.S. Oil Inventories Rise Again, EIA Says

As Demand Eases and Production Ticks Up, U.S. Oil Inventories Rise Again, EIA Says

Domestic crude oil inventories increased by nearly 2 million bbl last week, the U.S. Energy Information Administration (EIA) said Wednesday, marking a fourth-straight week of swelling stocks amid lingering demand weakness. In its Weekly Petroleum Status Report (WPSR), EIA said overall demand in the week ended March 19 fell 1% week/week and was off 4%…

March 24, 2021
Stockpiles of U.S. Crude Mount; IEA Says Global Oil Demand Recovery Gradual Through 2023

Stockpiles of U.S. Crude Mount; IEA Says Global Oil Demand Recovery Gradual Through 2023

U.S. oil inventories increased for a third-consecutive week as demand for travel fuels remained light and as refinery activity, while increasing, held far below capacity following the blast of winter weather that froze the Texas energy grid in February. Domestic commercial crude inventories for the week ended March 12 — excluding those in the Strategic…

March 17, 2021
As Demand Flattens and Production Ticks Up, U.S. Crude Oil Inventories Swell, EIA Says

As Demand Flattens and Production Ticks Up, U.S. Crude Oil Inventories Swell, EIA Says

Domestic crude oil inventories increased by more than 20 million bbl last week, the U.S. Energy Information Administration (EIA) said Wednesday, as demand leveled off, production rose and Gulf Coast refinery utilization rates nosedived. In its Weekly Petroleum Status Report (WPSR), EIA said overall demand in the week ended Feb. 26 ticked up 0.4% week/week…

March 3, 2021
U.S. Petroleum Stocks Rise as Weekly Demand Falls, EIA Says

U.S. Petroleum Stocks Rise as Weekly Demand Falls, EIA Says

Total domestic petroleum stockpiles increased in the final week of January while demand declined amid lighter needs for transportation fuels, the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report (WPSR) showed. Demand has proven choppy week/week over the last several months, but it has consistently been well below year-earlier, pre-coronavirus levels because of travel…

February 3, 2021
EIA Reports Draw on U.S. Crude Stocks, but Petroleum Demand Also Down to Close Out 2020

EIA Reports Draw on U.S. Crude Stocks, but Petroleum Demand Also Down to Close Out 2020

U.S. crude oil stocks declined by 8 million bbl during the week ended Jan. 1, although demand for petroleum products also fell sharply for the period, according to updated statistics published Wednesday by the Energy Information Administration (EIA). EIA said in its latest Weekly Petroleum Status Report that domestic crude inventories, excluding the Strategic Petroleum…

January 6, 2021
Pennsylvania Saw Another Banner Year for Natural Gas  in 2019

Pennsylvania Saw Another Banner Year for Natural Gas in 2019

Natural gas production again broke records last year in Pennsylvania even as activity declined amid a weak market. Unconventional natural gas volumes reached 6.8 Tcf in 2019, up from 6.1 Tcf in the prior year. Conventional gas production continued slipping as it has for years now to 71.4 Bcf in 2019 from 102.2 Bcf in…

September 16, 2020
National Grid’s NYC Long-Term NatGas Supply Constraint Solutions Heavy on LNG

National Grid’s NYC Long-Term NatGas Supply Constraint Solutions Heavy on LNG

In an effort to meet current and future New York City natural gas supply constraints, National Grid is planning to deploy a series of measures to maintain near-term system reliability while mulling over a host of longer-term solutions, a number of which prominently feature liquefied natural gas (LNG).

February 26, 2020
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