The U.S. Energy Department has been issuing emergency orders to address potential grid shortfall issues amid surging power demand in the summer season. The latest order, issued on June 24, authorizes Duke Energy Carolina to temporarily utilize certain electric generating units within its service territory in North Carolina and South Carolina to operate at their…...
Qatar exported around 9.3 billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) through the Strait of Hormuz during 2024, according to a June 24 report published by the U.S. Energy Information Administration. The strait remains a key supply route for global LNG, as well as oil and petroleum products. During 2024, around…...
U.S. residential customers are expected to receive an average monthly electricity bill of $178 for the summer 2025 period, up by $5 compared to the same period last year, according to a June 23 report published by the U.S. Energy Information Administration. The agency expects a slight decline in usage due to cooler projected summer…...
U.S. energy production exceeded consumption for the sixth consecutive year during 2024, according to a June 20 report published by the U.S. Energy Information Administration. The increase in energy production, most notably natural gas and crude oil production can be attributed to enhancements in drilling techniques such as horizontal drilling and hydraulic fracturing. The U.S…....
Across the U.S., accelerating electrification and large-load growth driven by data center expansion are contributing to higher demand projections, while generator retirements are…Read the full report…...
Across the U.S., accelerating electrification and large-load growth driven by data center expansion are contributing to higher demand projections, while generator retirements are outpacing the addition of new supply. These converging trends are tightening reliability margins and increasing the risk of resource adequacy shortfalls.
U.S. ethane exports are expected to decline by 80,000 barrels per day (b/d) during 2025 and by 177,000 b/d in 2026, according to a June 18 report published by the U.S. Energy Information Administration. The decline can be attributed to new licensing requirements for U.S. ethane exports to China. The licensing requirement, announced by the…...
The U.S. Interior Department on June 17 announced it is taking action to issue a new Integrated Activity Plan that aligns with its 2020 plan for managing the 23-million-acre National Petroleum Reserve in Alaska. A draft analysis issued for public comment supports a new alternative that would reopen up to 82 percent of the reserve…...
The price of Brent crude oil rose from $69 per barrel (b) on June 12 to $74/b on June 13, according to a June 16 report published by the U.S. Energy Information Administration. The price increase can be attributed to escalating tensions between Israel and Iran are heightening concerns about the security of the oil…...
The Maryland Public Service Commission on June 13 issued an order ending subsidies for new natural gas line extensions, a move that significantly alters how utilities recover infrastructure costs and aligns gas planning with the state’s decarbonization laws. The decision directs that new customers must pay the full cost of connecting to the gas system,…...
Recent carbon market auctions have delivered mixed results underscoring the growing impact of…Read the full report …...