Read more about the article Oil breaks $90/bbl for the first time since 2014 on Russia tensions
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Picture taken March 24, 2016. REUTERS/Nick Oxford//File Photo

Oil breaks $90/bbl for the first time since 2014 on Russia tensions

Reuters – U.S.' Blinken assures global energy supply won't be disrupted Biden threatens sanctions on Putin over any Ukraine invasion U.S. crude, gasoline stocks build, even as fuel demand surges…

Continue ReadingOil breaks $90/bbl for the first time since 2014 on Russia tensions
Read more about the article Crude oil prices increased in 2021 as global crude oil demand outpaced supply
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Crude oil prices increased in 2021 as global crude oil demand outpaced supply

Source: Graph by the U.S. Energy Information Administration, based on data from Refinitiv Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy…

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Read more about the article Capital expenditure by U.S. oil companies remains low despite higher crude oil prices
Stocks (million barrels)

Capital expenditure by U.S. oil companies remains low despite higher crude oil prices

Financial results for 47 U.S. exploration and production (E&P) companies show limited growth in capital expenditure during the third quarter of 2021 (3Q21), despite more cash from operations. Oil prices…

Continue ReadingCapital expenditure by U.S. oil companies remains low despite higher crude oil prices

U.S. consumers likely to pay more for propane heating during the upcoming winter

Source: U.S. Energy Information Administration, Winter Fuels Outlook In our October Winter Fuels Outlook, we expect U.S. households that primarily heat with propane will spend more this heating season (October through March) than…

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Read more about the article EIA expects U.S. households to spend more on energy this winter
Source: U.S. Energy Information Administration, Short-Term Energy Outlook: Winter Fuels Outlook

EIA expects U.S. households to spend more on energy this winter

Source: U.S. Energy Information Administration, Short-Term Energy Outlook: Winter Fuels Outlook In our Winter Fuels Outlook, to be released later today, we forecast that U.S. households will spend more money on energy this…

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Read more about the article Today in Energy
U.S. gasoline exports in May, June, and July reach new seasonal highs

Today in Energy

U.S. gasoline exports in May, June, and July reach new seasonal highs Source: U.S. Energy Information Administration, Petroleum Supply Monthly Note: Gasoline exports include combined exports of finished motor gasoline and motor gasoline…

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EIA projects accelerating renewable consumption and steady liquid fuels growth to 2050

Source: U.S. Energy Information Administration, International Energy Outlook 2021 (IEO2021) Note: Petroleum and other liquids includes biofuels. Today at 10 a.m., we are releasing our International Energy Outlook 2021 (IEO2021). In the IEO2021 Reference case, which assumes…

Continue ReadingEIA projects accelerating renewable consumption and steady liquid fuels growth to 2050

High global demand, low global supply contribute to rising U.S. propane spot prices

Source: Graph by the U.S. Energy Information Administration, based on data from Refinitiv, an LSEG business Since mid-September 2020, wholesale propane prices at Mont Belvieu, Texas, the main U.S. hydrocarbon gas liquids…

Continue ReadingHigh global demand, low global supply contribute to rising U.S. propane spot prices

EIA expects increased U.S. propane consumption this winter, especially in the Midwest

Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) In our latest Short-Term Energy Outlook (STEO), we expect 3.4% more U.S. propane consumption this winter compared with last winter, reflecting greater use of propane…

Continue ReadingEIA expects increased U.S. propane consumption this winter, especially in the Midwest