Global petroleum, other liquid fuel consumption to grow

February 8, 2018 0

The International Monetary Fund (IMF) recently forecast world Gross Domestic Product (GDP) would grow by 3.9% in both 2018 and 2019, rates both 0.2 percentage points higher than its previous forecast, the Energy Information Administration reports.

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Power generation from natgas climbs in 2018, 2019: EIA

February 8, 2018 0

The share of U.S. total utility-scale electricity generation from natural gas-fired power plants to rise from 32% in 2017, to 33% in 2018, and to 34% in 2019, the Energy Information Administration projects in its just-released Short-Term Energy Outlook (STEO).

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U.S. natural gas production only goes up

February 8, 2018 0

U.S. dry natural gas production averaged 73.6 billion cubic feet per day (Bcf/d) in 2017, and is forecast to reach 80.3 Bcf/d in 2018, establishing a new record, STEO, the Energy Information Administration's just-released Short-Term Energy Outlook, projects.

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Brent, WTI prices rise in 2018, 2019, STEO projects

February 8, 2018 0

Brent crude oil spot prices will average roughly $62 a barrel in both 2018 and 2019 compared with an average of $54/Bbl in 2017, the Energy Information Administration projects in its just-released Short-Term Energy Outlook (STEO).

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Marcellus, Utica production leads U.S. natgas growth

January 11, 2018 0

U.S. dry natural gas production averaged 73.6 billion cubic feet per day (Bcf/d) in 2017, up 1.0% from 2016, and reversing the 2016 production decline, the Energy Information Administration reports in its just-released Short-Term Energy Outlook (STEO).

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End-of-season gas inventory expected below 5-year average

January 11, 2018 0

At Dec. 29, 2017, working natural gas inventories totaled 3.13 trillion cubic feet (Tcf), 6% lower than both the five-year average and year-ago levels, the Energy Information Administration states in its just-released Short-Term Energy Outlook (STEO).

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Natural gas price volatility in U.S increasing: EIA/STEO

December 14, 2017 0

The front-month natural gas futures contract for delivery at Henry Hub settled at $2.76 per million British thermal units (MMBtu) on Dec. 7, a decrease of 13 cents/MMBtu from Nov. 1, the Energy Information Administration reported in its December Short-Term Energy Outlook (STEO).

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