U.S. propane inventories, which had been above historical norms since mid-2014, declined by 59 million barrels (MMBbls) from the beginning of October 2016, through early March 2017 — the largest decline on record for this period, despite unseasonably mild temperatures.
Continued warm weather over much of the Lower 48 States near the end of winter (at least according to the calendar) led to another small draw of stored working natural gas, the latest Energy Information Administration survey finds.
U.S. commercial crude oil inventories fell 200,000 barrels (Bbls) during the week ended March 10, from one week earlier, the Energy Information Administration reported in the Petroleum Status Report (PSR).
Crude oil prices dived over 3% on Wednesday following the release of the U.S. Energy Information Administration (EIA) showing a weekly record surge in U.S. crude oil inventories last week, Kallanish Energy reports.
As of Dec. 31, 2016, United States wind generating capacity exceeded hydroelectric capacity for the first time. That news came from the U.S. Department of Energy and its Energy Information Administration.