Today in Energy

Oct 20, 2017

Australian domestic natural gas prices increase as LNG exports rise

graph of monthly LNG exports and Eastern Australia natural gas spot price, as explained in the article text
Source: Australia Energy Market Operator Gas Bulletin Board, IHS

Australia became the world’s second-largest exporter of liquefied natural gas (LNG) in 2015 and is likely to overtake Qatar as the world’s largest LNG exporter by 2019. As Australia’s LNG exports have increased, primarily from LNG projects in eastern Australia, the country has had natural gas supply shortages in eastern and southeastern Australia and an increase in domestic natural gas prices.

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Oct 19, 2017

Intensity of U.S. energy use in manufacturing decreases as output outpaces fuel use

graph of manufacturing sector output, fuel consumption, and energy intensity, as explained in the article text
Source: U.S. Energy Information Administration, based on Manufacturing Energy Consumption Survey and U.S. Department of Commerce, Bureau of Economic Analysis Gross Domestic Product by Industry

The energy intensity of U.S. manufacturing has continued to decrease, according to the latest data from EIA’s Manufacturing Energy Consumption Survey (MECS). From 2010 to 2014, manufacturing fuel consumption increased by 4.7%, while real gross output increased by 9.6%—or more than twice that rate—resulting in a 4.4% decrease in energy intensity.

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Oct 18, 2017

Crude oil and petroleum product exports reach record levels in the first half of 2017

graph of U.S. exports of crude oil and petroleum products, as explained in the article text
Source: U.S. Energy Information Administration, Petroleum Supply Monthly

Crude oil exports in the first half of 2017 increased by more than 300,000 barrels per day (b/d) from the first half of 2016, reaching a record high of 0.9 million b/d. Petroleum product exports also grew over the same period with propane and distillate exports reaching record highs of 0.9 million b/d and 1.3 million b/d, respectively.

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Oct 17, 2017

U.S. coal production fell in first half of 2017 after increasing in late 2016

graph of quarterly U.S. coal production, as explained in the article text
Source: U.S. Energy Information Administration, Quarterly Coal Report

U.S. coal production averaged 192 million short tons (MMst) per quarter in the first half of 2017, a slight decrease from the second half of 2016 but still above levels reached in the first half of 2016. The recent decline in production was a result of weaker demand for steam coal, about half of which is mined in Wyoming and Montana. Production of metallurgical coal, which is used in steel manufacturing and makes up about 8% of total U.S. coal production, increased for the third consecutive quarter.

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Oct 16, 2017

U.S. crude oil production expected to increase through end of 2017, setting up record 2018

graph of monthly crude oil production, as explained in the article text
Source: U.S. Energy Information Administration, Short-Term Energy Outlook

EIA forecasts that U.S crude oil production will average 9.4 million barrels per day (b/d) in the second half of 2017, 340,000 b/d more than in the first half of 2017. Production in 2018 is expected to average 9.9 million b/d, surpassing the previous high of 9.6 million b/d set in 1970, based on projections in EIA’s Short-Term Energy Outlook (STEO).

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Oct 13, 2017

Spark and dark spreads indicate profitability of natural gas, coal power plants

graph of daily PJM Western Hub wholesale electricity price and delivered fuel costs, as explained in the article text
Source: U.S. Energy Information Administration, based on price data from SNL Energy

Relative profits for some natural gas- and coal-fired generators in several Midwestern and Mid-Atlantic states may have decreased since 2016 because of higher natural gas and coal prices and lower wholesale electricity prices. A common measure of profitability for power plants within a region is the difference between their input fuel costs, such as the cost of coal or natural gas, and their wholesale power price.

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Oct 12, 2017

Energy-related carbon dioxide emissions expected to fall in 2017 but rise in 2018

graph of energy-related co2 emissions, as explained in the article text
Source: U.S. Energy Information Administration, Short-Term Energy Outlook

Energy-related carbon dioxide (CO2) emissions fell in both 2015 and 2016, and they are expected to fall again in 2017, based on forecasts in EIA’s Short-Term Energy Outlook. However, EIA forecasts a 2.2% increase in energy-related CO2 emissions in 2018. An annual increase is not without recent precedent; annual emissions rose in 2010, 2013, and 2014, although U.S. energy-related CO2 emissions have generally been declining since reaching their peak in 2007.

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Oct 11, 2017

Winter heating costs likely to be higher this winter than last winter

graph of heating degree days and average winter household expenditures for heating fuels, as explained in the article text
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, Winter Fuels Outlook, October 2017
Note: Propane price is the weighted average of Midwest and Northeast prices. All other fuels reflect national averages.

Most U.S. households can expect higher heating expenditures this winter (October through March) than the last two winters according to EIA's Winter Fuels Outlook. Higher expected winter heating expenditures are the result of both more heating demand because of relatively colder weather and, to a lesser extent, higher fuel prices.

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Oct 10, 2017

Buildings energy consumption in India is expected to increase faster than in other regions

graph of average annual change in buildings energy consumption, as explained in the article text
Source: U.S. Energy Information Administration, International Energy Outlook 2017 Reference case

EIA’s International Energy Outlook 2017 (IEO2017) projects that among all regions of the world, the fastest growth in buildings energy consumption through 2040 will occur in India. In the IEO2017 Reference case, delivered energy consumption for residential and commercial buildings in India is expected to increase by an average of 2.7% per year between 2015 and 2040, more than twice the global average increase.

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Oct 6, 2017

U.S. household spending for gasoline is expected to remain below $2,000 in 2017

graph of average household spending on gasoline, as explained in the article text
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, and U.S. Census Bureau and Bureau of Labor Statistics

The average U.S. household expenditure on gasoline in 2017 is expected to total $1,977, or approximately 2.4% of mean incomes of households, according to projections in EIA’s most recent Short-Term Energy Outlook (STEO). The most recent peak for household gasoline expenditures was $2,715, or 4.0% of household income, in 2008. More recently, average household gasoline expenditures in 2015 and 2016 were near or below $2,000, or 2.5% of total household income.

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