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Posted December 2, 2016Today in Energy

Federal leasing for offshore wind grows as first U.S. offshore wind farm comes online ›

The first commercial U.S. offshore wind farm, Block Island, is scheduled to come online in late 2016. Located three miles off the southeastern coast of Rhode Island, Block Island consists of five wind turbines that will produce 30 megawatts of electricity. The electricity will be used on Block Island, where electricity is currently supplied by diesel-powered generators. More


Source: EIA, based on BOEM

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WTI crude oil futures price

12/1/2016: $51.06/barrels

up$3.10 from week earlier
up$11.12 from year earlier

Natural gas futures price

12/1/2016: $3.505/MMBtu

up$0.479 from week earlier
up$1.340 from year earlier

Weekly coal production

11/26/2016: 15.190 million tons

down2.042 million tons from week earlier
up0.208 million tons from year earlier

Natural gas inventories

11/25/2016: 3,995 Bcf

down50 Bcf from week earlier
up24 Bcf from year earlier

Crude oil inventories

11/25/2016: 488.1 million barrels

down0.9 million barrels from week earlier
up30.9 million barrels from year earlier

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