EIA: China imported record amounts of crude oil in 2023
According to EIA, China, imported 11.3 million barrels per day (b/d) of crude oil in 2023, 10% more than in 2022, according to China customs data.
Read moreAccording to EIA, China, imported 11.3 million barrels per day (b/d) of crude oil in 2023, 10% more than in 2022, according to China customs data.
Read moreAccording to EIA, the United States exported 10% more natural gas in 2023 than in 2022, a record of 20.9 billion cubic feet per day (Bcf/d), according to our Natural Gas Monthly.
Read moreAs the US Energy Information Administration (EIA) explains, the collapse of the Francis Scott Key Bridge has disrupted shipping traffic from the Port of Baltimore, the second-largest coal exporting hub in the U.S., accounting for 28% of total coal exports in 2023.
Read moreAccording to EIA, the United States exported more liquefied natural gas (LNG) than any other country in 2023. U.S. LNG exports averaged 11.9 billion cubic feet per day (Bcf/d)—a 12% increase (1.3 Bcf/d) compared with 2022.
Read moreAccording to EIA, U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day (b/d), 13% (482,000 b/d) more than the previous annual record set in 2022.
Read moreAccording to the Energy Information Administration (EIA), the United States has been the leading producer of crude oil globally for the past six years, as per the International Energy Statistics.
Read moreAccording to data from CEDIGAZ, the United States was again the largest supplier of liquefied natural gas (LNG) to Europe (EU-27 and the UK) in 2023, accounting for nearly half of total LNG imports, EIA highlights.
Read moreEIA notes that in January 2024, LPG volumes decreased through the Suez Canal by 84% and around the Cape of Good Hope by 44% compared with December 2023.
Read moreAccording to EIA, after Yemen-based Houthi militia attacks on commercial ships transiting the Red Sea started in November 2023, some vessels began opting to avoid the Bab el-Mandeb chokepoint—a narrow strait that borders the Yemeni coast and is the southern entrance to the Red Sea. Instead, they’re choosing to take longer, more costly routes around the tip of Africa.
Read moreAs U.S. Energy Information Administration (EIA) forecasts average annual crude oil prices in 2024 and 2025 will remain near their 2023 average because they expect that global supply and demand for petroleum liquids will be relatively balanced over the next two years.
Read more