Recent developments in global trade policy and oil production are expected to lead to lower Brent crude oil prices during the remainder of 2025 and 2026 than previously forecast, according to the U.S. Energy Information Administration’s May Short-Term Energy Outlook. The agency also forecasts natural gas prices to rise during 2025 and 2026, following historic…...
The U.S. Interior Department has announced plans to revise the Bureau of Ocean Management’s risk management and financial assurance regulations and develop a new rule that is in line with the Trump administration’s 2020 proposed regulatory guidelines. The amended measure, based on the 2020 proposed rule, would significantly reduce expenditures and red tape associated with…...
Below seasonal normal temperatures across the U.S. during January and February led to higher natural gas consumption and higher gas withdrawals from U.S. natural gas storage sites than normal, according to an April 28 report published by the U.S. Energy Information Administration. At the end of March, U.S. underground storage in the Lower 48 states…...
The Trump administration has issued a series of executive orders aimed at revitalizing the U.S. fossil fuel industry, including removing barriers to coal mining and expanding oil and gas development on federal lands. The actions seek…Read the full report…...
The Trump administration has issued a series of executive orders aimed at revitalizing the U.S. fossil fuel industry, including removing barriers to coal mining and expanding oil and gas development on federal lands. The actions seek to reverse prior policy shifts, promote energy independence, and position fossil fuels as critical to economic growth, grid reliability, and national security.
U.S. marketed natural gas production was largely flat during 2024, increasing by around 0.4 billion cubic feet per day (Bcf/d) compared with the previous year to average 113 Bcf/d, according to an April 17 report published by the U.S. Energy Information Administration. Natural gas production increased in the Permian and Appalachia region and declined in…...
U.S. annual natural gas production from the Eagle Ford region is expected to increase from 6.8 billion cubic feet per day (Bcf/d) during 2024 to 7.0 Bcf/d in 2026, according to an April 14 report published by the U.S. Energy Information Administration. The growth in natural gas production can be attributed to forecasts of higher…...
U.S. propane consumption hit a record high of 1.48 million barrels per day (b/d) during January 2025, according to an April 7 report published by the U.S. Energy Information Administration. Propane consumption during January 2025 was the highest monthly amount since February 2007 and the highest January consumption on record. The increase in propane consumption…...
The U.S. Energy Department on April 1 announced the repeal of a policy statement issued under the Biden administration that required authorized liquefied natural gas exporters to meet specific criteria before the agency would consider extending the commencement date for an approved project. The move aligns with the Trump administration’s efforts to expand U.S. oil…...
U.S. natural gas usage averaged a record 90.3 billion cubic feet per day (Bcf/d) during 2024, up one percent or 0.9 Bcf/d compared to 2023, according to a March 31 report published by the U.S. Energy Information Administration. U.S. natural gas consumption achieved new winter and summer monthly highs in January and July 2024. During…...