Tag Archives: expected

Customer spending on electricity expected to increase this summer

EIA’s Short-Term Energy Outlook forecasts the typical U.S. household will spend an average of $426 for electricity this summer (June-August), an increase of about 3% from the average summer expenditures in 2017. The expected increase in electricity bills is a result of forecast higher retail electricity prices and slightly higher projected electricity use to meet […]

Retail gasoline prices this summer are expected to be 11% higher than in summer 2017 (4/11/2018)

The U.S. Energy Information Administration (EIA) forecasts that drivers in the United States will pay an average of $ 2.74 per gallon (gal) this summer for regular gasoline, an increase of 11% over last summer, according to EIA’s Short-Term Energy and Summer Fuels Outlook. EIA’s forecast price for summer 2018 (which runs from April through […]

Coal, nuclear, and renewables expected to boost Vietnam’s electricity capacity

August 3, 2015 Source: International Atomic Energy Agency, 2013 Vietnam Country Nuclear Power ProfileNote: Hydroelectricity includes pumped storage. Vietnam is poised to significantly transform its electrical power generation mix over the next two decades as it modernizes the country’s agrarian economy to become a more industrialized nation. To accommodate greater industrial expansion and to support […]

California grid expected to maintain reliability despite drought

July 6, 2015 Source: U.S. Energy Information Administration, based on North American Electric Reliability Corporation According to the of 38% for the region. California’s hydroelectric generation varies seasonally. From January 2014 to April 2015, hydroelectricity accounted for 6% to 14% of the , averaging near 9%. Source: U.S. Energy Information Administration, Since early 2014, much […]

Uganda: Licensing Application Deadline Extended, Licenses Expected in January 2016

Energy Ministry Permanent Secretary, Kabagambe Kaliisa at the launch of the licensing round in Kampala on 24 February 2015. (Photo: F. Nalubega) The Ugandan government has extended the date of receiving applications for firms interested in securing oil exploration licenses in the Albertine Graben by a period of one month. According to a statement signed […]

U.S. power sector CO2 emissions expected to increase through 2040

May 15, 2015 Source: U.S. Energy Information Administration, Annual Energy Outlook 2015 Although U.S. carbon dioxide (CO2) emissions associated with electricity generation have fallen from the 2005 level, they are projected to increase in the coming decades, based on analysis in EIA’s (AEO2015) that reflects current laws and regulations, and therefore does not include proposed […]

Power generation from coal and natural gas expected to temporarily converge this spring

May 14, 2015 Source: U.S. Energy Information Administration, Republished May 14, 2015, 2:00 p.m. to correct an error in the graph EIA’s most recent has occurred only once before, in April 2012, when natural gas fueled just 1.5% less generation than coal. Power generation from the two fuels is expected to rise at similar rates […]

U.S. household gasoline expenditures expected to fall in 2015

April 10, 2015 Source: U.S. Energy Information Administration, based on U.S. Department of Labor’s , March 2015Note: Gasoline expenditures include spending on motor oil. The average U.S. household expenditure on motor gasoline in 2015 is expected to be about $ 1,817, the lowest level in more than a decade. This level is about $ 700 […]

Growth in residential electricity prices highest in 6 years, but expected to slow in 2015

March 16, 2015 Source: U.S. Energy Information Administration, Electric Power Monthly and Short-Term Energy Outlook Residential electricity customers in most areas of the country experienced large increases in retail electricity prices during 2014, with the average U.S. residential price increasing 3.1% over the previous year. The increase represents the highest annual growth rate since 2008. […]

Oil production in federal Gulf of Mexico expected to continue increasing

March 3, 2015 Source: U.S. Energy Information Administration Note: Production data have not yet been reported for four of the eight fields (Cardamom Deep, Jack, St. Malo, and Tubular Bells). Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact […]

Lower 48 oil production outlook stable despite expected near-term reduction in rig count

January 26, 2015 Source: U.S. Energy Information Administration, January Short-Term Energy OutlookNote: Graph does not include production from Alaska and the Federal Gulf of Mexico. The sharp decline in oil prices over the last quarter of 2014, which has continued in January, is already having a significant effect on drilling activity in the United States, […]

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. […]

OPEC net oil export revenues expected to fall in 2014 and 2015

December 17, 2014 Source: U.S. Energy Information Administration, Note: OPEC is the Organization of the Petroleum Exporting Countries. Iran is excluded because current sanctions make it difficult to estimate revenues. The 2014 revenue estimates are subject to revision as historical production and consumption data are updated. Based on crude oil market assessments in the , […]

Despite lower crude oil prices, U.S. crude oil production expected to grow in 2015

December 12, 2014 Source: North Dakota Department of Mineral Resources, Bloomberg The recent decline in crude oil prices has created the potential for weaker crude oil production. EIA’s Drilling Productivity Report (DPR) includes indicators that provide details on the effect low prices may have on tight oil production, which accounts for 56% of total U.S. […]

Boston, New York City winter natural gas prices expected to remain high

November 24, 2014 Source: U.S. Energy Information Administration, based on Bloomberg Note: November through March are considered winter months. Forward prices for 2014-15 and 2015-16 are as of 10/29/2014. Despite expectations of a milder winter for 2014, marketers anticipate high prices for natural gas in Boston and New York City. Natural gas prices are expected […]

Not Ready to Buy or Sell Your Equipment?

Join our international network of oilfield buyers & sellers! 
We respect your privacy as well as your time and that's why we only send our newsletter no more than TWICE A MONTH.
 
ADD ME TO THE LIST
Two emails per month (maximum). No ads. No affiliate links.
close-link

We offer both Domestic and International Options for Oilfield Equipment. Not All Equipment is Listed. Please contact us for current inventory list. Dismiss