In-depth analysis
Feb 13, 2025
Global energy markets are poised for significant changes in 2025. The forecasted increase in petroleum and other liquids production will be driven largely by non-OPEC+ countries. According to the February Short-Term Energy Outlook, total world supply is projected to grow by 1.9 million barrels per day in 2025, following a rise of about 0.6 million barrels per day in 2024. The United States, Guyana, Canada, and Brazil are expected to lead this growth in crude oil production.
In contrast, OPEC+ countries are forecast to see more modest increases, with production growing by just 0.1 million barrels per day in 2025, primarily due to ongoing production cuts implemented by the group.
In-brief analysis
Feb 12, 2025
The latest data on U.S. coal transportation costs has been released, incorporating final data for 2023 from Form EIA-923. These rates provide a weighted average of the difference between the commodity cost and the total delivered cost of coal shipments to electric power plants. The data is crucial for understanding the regional differences in transportation costs across the U.S.
In-depth analysis
Feb 11, 2025
Data source: China General Administration of Customs, Bloomberg L.P.
China’s crude oil imports have shown a slight decline in 2024, dropping to 11.1 million barrels per day from 11.3 million barrels per day in 2023. Despite the overall decrease of about 2%, there were variations in imports from different countries. This reflects China’s ongoing efforts to diversify its energy sources while managing demand growth.
In-brief analysis
Feb 10, 2025
Data source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report
Note: Weekly net changes in natural gas storage are netted across the East, Midwest, Mountain, Pacific, and South-Central regions.
In-depth analysis
Feb 6, 2025
The United States relies heavily on natural gas for electricity generation. Currently, natural gas-fired plants account for 43% of the nation’s electricity capacity and energy output. This dominance can be attributed to various ownership types among these plants, each with unique operating characteristics and procurement methods. Understanding these ownership dynamics is crucial for policy makers and industry experts alike.
In-brief analysis
Feb 5, 2025
Cold weather during January 19-25, 2025, led to elevated electricity demand in the northeastern United States. ISO-New England recorded a peak hourly demand of 19,600 megawatts on January 21 at 6:00 PM eastern time. While demand was high, it was lower than the forecasted peak of 20,308 MW in the region.
In-brief analysis
Feb 4,2025
The month of June 2024 saw the highest U.S. coal exports since October 2018, with a total of 10 million short tons. Annual average exports were 9 million short tons in 2024, marking a steady increase since 2020.
In-brief analysis
Feb 3,2025
Data source: Natural Gas Intelligence
Note: Prices are adjusted for inflation based on the December 2024 Consumer Price Index.
Natural gas spot prices at major trading hubs in the Lower 48 states experienced a decline in 2024 compared to the previous year, adjusted for inflation.
In-brief analysis
Jan 30,2025
The U.S. nuclear industry heavily relies on foreign uranium, with imports accounting for 99% of the uranium concentrate (U3O8) used to make nuclear fuel in 2023. However, recent policy initiatives by the U.S. Department of Energy aim to increase domestic uranium production.
In-brief analysis
Jan 29,2025
Pennsylvania has seen a significant shift toward natural gas for electricity generation over the past decade. In October 2024, natural gas accounted for 57% of Pennsylvania’s electricity generation, up from 26% in October 2013. Natural gas surpassed coal in 2016 and nuclear in 2019.
In-brief analysis
Jan 28,2025
Data source: U.S. Energy Information Administration, State Heating Oil and Propane Program; Bloomberg, L.P.
Note: Wholesale prices are U.S. benchmark spot prices from Mont Belvieu, Texas.
Propane prices have been higher this winter due to colder weather and increased exports, despite relatively strong propane inventories.
In-brief analysis
Jan 27,2025
Wholesale electricity prices are forecast to average slightly higher in 2025 compared to 2024, except in Texas and the Northwest. The national average is expected to reach $40 per megawatthour in 2025, a 7% increase from 2024.
In-brief analysis
Jan 24,2025
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), January 2025
Note: Capacity values represent the amount of generating capacity at utility-scale power plants (greater than 1 megawatt). Other renewables include geothermal, waste biomass, wood biomass, and pumped storage hydropower.
Renewable capacity additions, especially solar, are expected to drive U.S. power generation growth in the coming years. Utilities and independent power producers plan to add 26 gigawatts of solar capacity in 2025 and 22 gigawatts in 2026.
In-depth analysis
Jan 23,2025
Henry Hub natural gas prices are expected to rise in 2025 and 2026 due to growing demand, particularly from LNG export facilities. The U.S. benchmark Henry Hub natural gas spot price is forecast to average $3.10 per million British thermal units in 2025 and $4.00/MMBtu in 2026.
In-brief analysis
Jan 22,2025
Retail gasoline prices are expected to decrease in 2025 and 2026 due to lower crude oil prices and improving fuel economy. The U.S. average gasoline price is forecast to decline by 11 cents per gallon in 2025 and another 18 cents per gallon in 2026.
Stay tuned for more detailed insights into the evolving energy landscape. Whether you’re an industry insider or just someone interested in future energy trends, our analysis will keep you informed.
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