Tag: EIA

US exports of ethane have increased from nearly nothing in 2013 to an average of 260,000 barrels per day through the first 10 months of 2018, accounting for about one-sixth of US hydrocarbon gas liquids exports. The US became the world’s top exporter of ethane in 2015, surpassing Norway. US production of ethane increased along with development of US natural gas shale resources.

EIA published that the implementation of new regulations on marine fuel will affect crude oil and petroleum product markets the following decade. The Administration focuses mainly on the long-term implications of the market changes that will involve changes to ships, marine fuels, refining, and some infrastructure in the next six to eight years.

EIA recently published a 'Short-Term Energy Outlook', according to which energy-related CO2 emissions rose by 2.8% in 2018 but are expected to decrease in 2019 and 2020. Yet, 2018 is the largest energy related CO2 emissions since 2010. Despite the fact that emissions from petroleum, that commonly account for the majority of total CO2, emissions from natural gas on the other hand rose by 10%, driving the overall increase in 2018.

The US Energy Information Administration released its Annual Energy Outlook 2019, including a Reference case and six side cases, examining the robustness of key assumptions. The AEO2019 Reference case expects significant continued development of US shale and tight oil and natural gas resources, along with continued growth in use of renewable resources.

According to EIA's report, global oil refining capacity is expected to increase rapidly, resulting to a product boost from diesel, to gasoline, to marine fuel. The capacity will grow by 2.6 million barrels per day and the demand for the refined products will be approximately on 1.1 million barrels per day.

EIA reports that LNG exports from the United States decreased week on week. US LNG export facilities dispatched a total of eight LNG cargoes during the week ending January 16, six from Cheniere’s Sabine Pass facility, and one from its Corpus Christi and Dominion’s Cove Point facilities each. EIA forecasts U.S. LNG exports to increase gradually in 2019 and average 5.1 Bcf/d on an annual basis, up from 3.0 Bcf/d annual average in 2018. In 2020, however, as the new trains ramp up LNG production, U.S. LNG exports are projected to increase and average 6.8 Bcf/d annually.

According to EIA’s January Short-Term Energy Outlook, the predictions are that global benchmark Brent crude oil is to average $61 per barrel in 2019 and $65/barrel in 2020, experiencing an increase from the end of 2018. Yet, it will remain lower than the 2018 average of $71/b US benchmark West Texas Intermediate (WTI) crude oil prices were $8/b lower than Brent prices in December 2018, and EIA expects this difference to narrow to $4/b in the Q4 of 2019 and during 2020.

The US EIA issued its 2019 Short-Term Energy Outlook forecasting that the change in fuel specification, as a result from IMO's 2020 sulphur cap, is expected to put upward pressure on diesel margins, but the price effects will be most acute in 2020 and will diminish over time.

According to EIA, 23.7 gigawatts (GW) of new capacity additions and 8.3 GW of capacity retirements are expected for the U.S. electric power sector in 2019. The additions are embodied by wind (46%), natural gas (34%), and solar photovoltaics (18%), with the remaining 2% consisting primarily of other renewables and battery storage capacity.

Energy consumption in Asia, the Middle East, and Africa is grow rapidly, with about 20% growth in each region between 2010 and 2016, according to data in EIA’s International Energy Statistics database. Furthermore, petroleum and other liquid fuels are the main form of energy consumed.