Tag: EIA

The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The Strait of Hormuz is the world's most important oil chokepoint because large volumes of oil flow through the strait, EIA highlights.

The average utilization rate (or capacity factor) for the entire U.S. fleet of combined-cycle natural gas turbine (CCGT) electric power plants has risen as the operating efficiency of new CCGT units has improved, EIA highlights.

According to EIA, the most recent auction of carbon dioxide (CO2) emissions allowances in the major U.S. northeast regional trading hub reached near record-high prices, as the number of allowances available was reduced.

According to EIA's recently released Winter 2023–24 Global LNG Analysis, relatively full natural gas inventories in the United States and Europe and expanded global liquefied natural gas (LNG) export and import capacity have improved the likelihood that global gas supply is sufficient to meet demand in the 2023–24 winter season (November–March).

According to EIA, North America’s liquefied natural gas (LNG) export capacity to expand to 24.3 billion cubic feet per day (Bcf/d) from 11.4 Bcf/d today as Mexico and Canada place their first LNG export terminals into service and the United States adds to its existing LNG capacity.

According to the U.S. Energy Information Administration (EIA) U.S. coal exports increased by 5.7 million short tons (MMst) in the 12 months after EU sanctions on coal from Russia went into full effect in August 2022.

Reuters highlights that, U.S. liquefied natural gas (LNG) producers ramped up exports in October, to 7.92 million metric tons, according to data provider LSEG, the second-highest monthly level on record.

The extreme drought has forced the Canal to implement further measures, reducing bookings slot numbers to 25, starting November 3rd, and, unfortunately, it only goes south from then on. 

The United States exported more natural gas in the first half of 2023 (1H23) than it did in the same period of any previous year. Natural gas exports averaged 20.4 billion cubic feet per day (Bcf/d), 4% (0.8 Bcf/d) more than in 1H22, according to EIA's Natural Gas Monthly.

According to EIA, record volumes of crude oil were imported into China during the first half of 2023 because of refinery expansions in the country and initiatives to reopen the economy after the government eased COVID-19 mobility restrictions.