Tag Archives: 2014

Oil trade off Yemen coast grew by 20% to 4.7 million barrels per day in 2014

April 23, 2015 Source: U.S. Energy Information Administration, based on Lloyd’s List Intelligence, Suez Canal Transit Authority, Eurostat, and Global Trade Atlas, using EIA conversion factors While between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and petroleum product shipments to Europe and […]

U.S. remained world’s largest producer of petroleum and natural gas hydrocarbons in 2014

April 7, 2015 Source: U.S. Energy Information AdministrationNote: Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels. Barrels per day oil equivalent were calculated using a conversion factor of 1 barrel oil equivalent = 5.55 million British thermal units (Btu). The United States remained the world’s top […]

U.S. oil production growth in 2014 was largest in more than 100 years

March 30, 2015 Source: U.S. Energy Information Administration, Petroleum Supply Monthly U.S. crude oil production (including lease condensate) increased during 2014 by 1.2 million barrels per day (bbl/d) to 8.7 million bbl/d, the largest volume increase since recordkeeping began in 1900. On a percentage basis, output in 2014 increased by 16.2%, the highest growth rate […]

U.S. ethanol exports in 2014 reach highest level since 2011

March 26, 2015 Source: U.S. Energy Information Administration, Petroleum Supply Monthly According to EIA monthly supply data through December 2014, which EIA released in late February, U.S. exports of fuel ethanol in 2014 reached their second-highest level at a total of 826 million gallons. This level was second only to the 1.2 billion gallons exported […]

Upstream capital expenditure declined 12% year-over-year in fourth-quarter 2014

March 25, 2015 Source: U.S. Energy Information Administration, based on Thomson Reuters and Evaluate Energy Note: Q1 2015 prices are through March 16. Based on financial statements from selected international oil and natural gas companies, spending on upstream investments was 12% lower in fourth-quarter 2014 compared to the same period in 2013. Upstream spending on […]

U.S. biodiesel and renewable diesel imports decline 36% in 2014

March 20, 2015 Source: U.S. Energy Information Administration, After reaching and the absence of a late-year influx of volumes from Argentina were two main factors in this decline. The strongest drivers of the resurgence in U.S. biomass-based diesel demand since 2012 have been increasing RFS targets and the on-again, off-again biodiesel tax credit. Biodiesel and […]

Wind generates more than 10% of Texas electricity in 2014

February 19, 2015 Source: U.S. Energy Information Administration, based on the (ERCOT) In 2014, more than 10% of the electricity used in the grid covering most of Texas came from wind generation, according to the grid’s operator, the that have allowed more wind power to flow through the system to consumers. Source: U.S. Energy Information […]

Iraq was second-leading contributor to global oil supply growth during 2014

February 9, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook Despite some supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014, behind only the United States. Iraq accounted for almost 60% of production growth among the Organization of the Petroleum Exporting Countries (OPEC), although this growth […]

Because of cold start, average natural gas spot prices were higher in 2014

January 13, 2015 Source: U.S. Energy Information Administration, based on Natural Gas Intelligence (NGI) Driven by higher prices during the first three months of 2014, average wholesale (spot) prices for natural gas increased by 20% or more at most trading locations in the United States in 2014 compared to 2013. The average price of natural […]

Wholesale power prices increase across the country in 2014

January 12, 2015 Source: U.S. Energy Information Administration, based on SNL Energy Wholesale on-peak electricity prices were up at trading hubs across the nation between 2013 and 2014, driven largely by increases in spot natural gas prices and high energy demand caused by cold weather in the beginning of the year. Electricity prices were highest […]

Spot steam coal prices in 2014 fell in east and rose in west

January 8, 2015 Source: U.S. Energy Information Administration, , based on SNL Energy physical market survey Eastern spot steam coal prices declined in 2014 compared to 2013 levels because of a decline in steam coal exports. The price declines were particularly pronounced in the second half of the year, as natural gas prices dropped below […]

U.S. gasoline prices end 2014 at lowest levels since mid-May 2009

January 7, 2015 Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Across the country, retail prices for regular grade gasoline reached the lowest levels in four years primarily as a result of in the second half of 2014. As of December 12, the weekly retail price for regular gasoline in each city for […]

Crude oil prices down sharply in fourth quarter of 2014

January 6, 2015 Source: U.S. Energy Information Administration, based on Bloomberg Crude oil in the fourth quarter of 2014 as robust global production exceeded demand. After reaching monthly peaks of $ 112 per barrel (bbl) and $ 105/bbl in June, crude oil benchmarks Brent and West Texas Intermediate (WTI) fell to $ 62/bbl and $ […]

Energy had larger price declines than most nonenergy commodities in 2014

January 5, 2015 Source: U.S. Energy Information Administration, based on BloombergNote: These commodities are included in the S&P GSCI Energy, Grains, Industrial Metals, and Precious Metals indices. All price changes reflect changes in front month futures contract price for each commodity. WTI is West Texas Intermediate, RBOB is reformulated gasoline blendstock for oxygenate blending. The […]

Wind power capacity additions expected to increase in last quarter of 2014

December 18, 2014 Source: U.S. Energy Information Administration, Forms EIA860A and EIA860M Note: Data include facilities with a net summer capacity of 1 MW and above only. Data are reported as of November 25, 2014, covering through September of 2014. Data are based the reported online dates of currently operational or planned wind generation facilities. […]

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