From 2006 to 2015, annual average heat rates of natural gas-fired power plants fell 7%, as heat rates of coal-fired electricity generators increased 1%, the Energy Information Administration reports.
U.S. crude oil inventories (excluding the Strategic Petroleum Reserve) fell by 8.9 million barrels (MMBbl) for the week ended Aug. 11 from the previous week, the Energy Information Administration said in its Weekly Petroleum Status Report.
Drillers in the Utica and Marcellus shales in the Appalachian Basin are getting more money for their natural gas, thanks to the new pipelines, says the U.S. Energy Information Administration. The difference between the Henry Hub national benchmark price in Louisiana and daily spot natural gas prices at pricing hubs in the Appalachian Basin has narrowed as new pipeline projects are completed, Kallanish Energy reports.
The volume of working natural gas in storage in the Lower 48 U.S. States rose by less than 1% during the week ended Aug. 4, from the previous week, the Energy Information Administration reported last week.
North Sea Brent crude-oil spot prices averaged $48 per barrel (Bbl) in July, $2/Bbl higher than the June average, and almost $4/Bbl higher than in July 2016, the just-released Short-Term Energy Outlook (STEO) by the Energy Information Administration reports.
The volume of working natural gas in storage during the week ended July 28, rose from the previous week, even though storage at two of five storage regions actually dropped from the previous week.
Wyoming is the top net energy supplier among states, according to the U.S. Energy Information Administration. It is followed by Texas, Pennsylvania, West Virginia and North Dakota, the federal agency said in a new report.