Natural gas storage sites across the Lower 48 states ended the natural gas injection season with 3,922 billion cubic feet (Bcf), according to an Dec. 2 report published by the U.S. Energy Information Administration. U.S. natural gas inventories are starting the winter 2024-25 season with the most natural gas since 2016. As it stands, U.S…....
Heading into the winter season, grid operators and utilities across the U.S. continue to strengthen their winter readiness measures to ensure reliable…Read the full report …...
Heading into the winter season, grid operators and utilities across the U.S. continue to strengthen their winter readiness measures to ensure reliable electricity supplies amid rising demand and potential energy shortfalls.
Global gas markets could witness tighter supply-demand fundamentals during winter 2024-25, according to a Nov. 25 report published by the U.S. Energy Information Administration. The previous two winters in the Northern Hemisphere have witnessed above seasonal normal temperatures, leading to lower demand and in turn relatively higher storage capacity. If the temperature during winter 2024-25…...
The monthly average price of spot natural gas at western Canada and northwestern U.S. border pricing hubs hit historic lows during the first 10 months of 2024, according to an Nov. 19 report published by the U.S. Energy Information Administration. The price decline can be attributed to firm natural gas production in western Canada, where…...
The North American Reliability Corporation (NERC)’s 2024-2025 Winter Reliability Assessment highlighted potential concerns over natural gas supplies that could impact winter readiness of some transmission regions across the U.S. The assessment evaluates the power generation and system transmission adequacy required to satisfy projected peak winter energy demands from December to February. While all assessed transmission…...
The Michigan Public Service Commission on Nov. 8 approved a settlement allowing DTE Gas Co. to increase its rate by nearly $114 million, about 57 percent lower than the utility’s initial request. The company filed the rate request in January 2024, requesting to raise rates by $266 million to fund infrastructure projects to modernize its…...
U.S. fuel ethanol exports are projected to reach a record high during 2024, according to an Nov. 6 report published by the U.S. Energy Information Administration. The growth in U.S. fuel ethanol exports can be attributed to relatively lower U.S. fuel ethanol prices, high U.S. fuel ethanol production and robust demand in countries with biofuel…...
U.S. natural gas production from the three largest oil producing plays (Bakken, Eagle Ford and Permian) has risen over the last 10 years, according to an Oct. 31 report published by the U.S. Energy Information Administration. Natural gas accounted for 40 percent of total production from these plays during 2024, compared to 29 percent in…...
Total U.S. energy production between January and July 2024 was 68 percent, or 24 quadrillion British thermal units (quads) higher compared to the same period in 1974, according to an Oct. 29 report published by the U.S. Energy Information Administration. The increase in energy production, most notably natural gas and crude oil production can be…...
U.S. ethane production hit a record high of 3 million barrels per day (b/d) during May 2024, according to an Oct. 28 report published by the U.S. Energy Information Administration. The increase in ethane production can be attributed to persistent growth in ethane usage in the global petrochemical sector, higher ethane and natural gas production…...
U.S. natural gas production from shale and tight formation marginally declined between January to September 2024, compared to the same period in 2023, according to an Oct. 23 report published by the U.S. Energy Information Administration. If the same trend prevails for the remaining months during 2024, this would be the first year-on-year decline in…...