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EIA Expects Near-Term Decline in Natural Gas Production in Major Shale Regions

Source: U.S. Energy Information Administration, Drilling Productivity Report, August 2015Natural gas production across all major shale regions in EIA's Drilling Productivity Report (DPR) is projected to decrease for the first time in September....

Posted August 26, 2015    

Growing Global Liquids Inventories Reflect Lower Crude Oil Prices

Source: U.S. Energy Information Administration, Short-Term Energy Outlook, August 2015Continued growth in global production of petroleum and other liquids has outpaced consumption growth since August 2014, resulting in rising global liquids stocks...

Posted August 25, 2015    

Major Fossil Fuel-Producing States Rely Heavily on Severance Taxes

Source: U.S. Census Bureau, 2014 Annual Survey of State Government Tax Collections. Note: Data for Pennsylvania include a wellhead impact fee that was in place instead of a severance tax.Republished August 21, 2015, 4:00 p.m. to clarify text....

Posted August 24, 2015    

EIA Lowers Crude Oil Price Forecast Through 2016

Source: U.S. Energy Information Administration, Short-Term Energy Outlook, August 2015. Note: Similar confidence intervals cannot be established around the Brent futures price, as trading volumes on Brent futures contracts are relatively sparse...

Posted August 20, 2015    

Texas Electric Grid Serves Record-High Power Demand

Source: EIA, based on Electricity Reliability Council of Texas. Note: Data for 2015 are preliminary.During the recent heat wave in Texas, the Electricity Reliability Council of Texas (ERCOT), the operator of the electric grid covering most of the...

Posted August 17, 2015    

First Offshore Wind Farm in the United States Begins Construction

Source: U.S. Energy Information Administration, based on Lindoe Offshore Renewables CenterIn July, American offshore wind developer, Deepwater Wind, installed the first foundation for what is expected to be the first offshore wind farm in the...

Posted August 14, 2015    

Nuclear Accord Creates Potential for Additional Crude Oil Production from Iran

Source: U.S. Energy Information Administration, Short-Term Energy OutlookOn July 14, the P5+1 (the five permanent members of the United Nations Security Council and Germany) and Iran announced an agreement that could result in relief from United...

Posted August 13, 2015    

Japan Restarts First Nuclear Reactor Under New Safety Rules

Source: Kyushu Electric Power Co.On August 11, Kyushu Electric Power Company's 846 megawatt (MW) Sendai Nuclear Power Station Unit 1 became the first reactor to restart after nearly two years with no generation from nuclear power plants in Japan....

Posted August 12, 2015    

U.S. Refineries are Running at Record-High Levels

Source: U.S. Energy Information Administration, Weekly Petroleum Status ReportGross inputs to U.S. refineries exceeded 17 million barrels per day (b/d) in each of the past four weeks, a level not previously reached since EIA began publishing weekly...

Posted August 7, 2015    

Russia is the World's Largest Producer of Crude Oil and Lease Condensate

Source: U.S. Energy Information Administration, International Energy StatisticsRussia is the world's largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas, after the United States....

Posted August 6, 2015    

Monthly Power Sector Carbon Dioxide Emissions Reach 27-Year Low in April

Source: U.S. Energy Information Administration, Monthly Energy Review. Note: Data exclude emissions from biomass energy consumption.The electric power sector emitted 128 million metric tons of carbon dioxide (MMmt CO2) in April 2015, the lowest for...

Posted August 5, 2015    

Electricity from Natural Gas Surpasses Coal for First Time, but Just for One Month

Source: U.S. Energy Information Administration, Electric Power Monthly and Short-Term Energy Outlook, July 2015In April, traditionally the month when total electricity demand is lowest, U.S. generation of electricity fueled by natural gas exceeded...

Posted August 4, 2015