U.S. biodiesel imports increased twofold during 2023 compared to 2022 and were recorded at 33,000 barrels per day (b/d), according to a May 28 report published by the U.S. Energy Information Administration. Moreover, U.S. biodiesel imports continued to increase in the first two months of 2024. Majority of the biodiesel imports come from Germany, whereas…...
The Federal Energy Regulatory Commission has released its annual summer market and reliability report, providing an outlook for energy markets and electric reliability for the period of June-September 2024. The report forecasts warmer-than-average summer temperatures that increase electricity demand and adequate generating availability, although extreme conditions could challenge specific regions. Data center consumption has been…...
The U.S. Energy Department’s Office of Petroleum Reserves has announced plans to release one million gas barrels from the Northeast Gasoline Supply Reserve to help lower prices during summer. The department said the initiative is strategically timed to ensure sufficient supply for the tri-state and northeast regions during a period of high demand – between…...
The retail price of regular U.S. gasoline averaged $3.58 per gallon(gal) as of the Monday before Memorial Day, according to a May 23 report published by the U.S. Energy Information Administration. The retail price of U.S. gasoline is one percent higher compared to the same period last year. The price increase can be attributed to…...
Meteorologists are predicting a stronger hurricane season this year, which elevates risk for weather associated production disruptions in the U.S. natural gas and oil sectors, according to a May 22 report published by the U.S. Energy Information Administration. Reports from AccuWeather are forecasting around 20 to 25 storms this year, with a likelihood of around…...
Electricity consumption from light duty vehicles surpassed that of rail systems in the U.S. in 2023, according to a May 20 report from the U.S. Energy Information Administration. Estimates of electricity consumption in the transport sector for the last five years show rail transport consuming the most electricity until 2022. This change reflects the increasing…...
U.S. President Joe Biden has signed legislation banning uranium imports from the Russian Federation, and to boost the domestic nuclear industry. The legislation, titled Prohibiting Russian Uranium Imports Act, will take effect on Aug. 11. In addition to the ban, the U.S. uranium market will receive $2.72 billion in federal funding to expand uranium enrichment…
Hourly natural gas fired power generation in Texas rose to 49.4 gigawatts (GW) for the hour starting 7pm on Jan. 16, 2024, according to a May 16 report published by the U.S. Energy Information Administration. This was one percent more than the preceding winter high of 48.8 GW recorded on December 23,2022 and around four…...
The share of hybrid vehicles, plug-in hybrid electric vehicles and battery electric vehicles across the U.S. declined to 18 percent of total new light duty vehicle sales in the U.S. during the first quarter of 2024 compared to 18.8 percent in the last quarter of 2023, according to a May 14 report published by the…...
According to a report published on May 8 by the U.S. Energy Information Administration there were fewer interruptions to mount new utility scale solar photovoltaic (PV) projects in 2023 compared to 2022. Solar developers postponed the scheduled start date for an average of 19 percent of planned solar capacity compared with an average of 23…...
The U.S. Energy Department on May 9 released an initial list of ten potential National Interest Electric Transmission Corridors (NIETCs) aimed at accelerating transmission project expansions in areas with urgent needs for expanded capacity. These corridors, spanning nine regions identified in the department’s National Transmission Needs Study, hold significant promise for advancing transmission to meet…...
U.S. West Coast refineries are utilizing more hydrogen from merchant suppliers than from their own production, according to a May 7 report published by the U.S. Energy Information Administration. Merchant suppliers accounted for over 62 percent of the hydrogen utilized by West Coast refiners during 2022. The inclination towards higher utilization of purchased hydrogen is…...
