Tag Archives: fall

U.S. net energy imports in 2017 fall to their lowest levels since 1982

Total net energy imports to the United States fell to 7.3 quadrillion British thermal units (quads) in 2017, a 35% decrease from 2016 and the lowest level since 1982, when both gross imports and gross exports were much lower.

Oilfield costs fall following decline in oil prices

June 18, 2015 Source: U.S. Energy Information Administration, based on United States Bureau of Labor Statistics, As oil prices declined—falling more than 50% from June 2014 to January 2015, before increasing slightly in spring 2015—energy production companies focused efforts on increasing operating efficiencies. While are good indicators of the expansion or contraction of the oil […]

Net imports of natural gas fall to lowest level since 1987

May 21, 2015 Source: U.S. Energy Information Administration, based on U.S. Department of Energy Office of Fossil Energy U.S. net imports of natural gas decreased 9% in 2014, continuing an eight-year decline. As U.S. dry natural gas production has reached record highs, lower domestic prices have helped to displace natural gas imports. Net natural gas […]

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 […]

Nigeria: FG’s N450 Billion IGR Insufficient As Oil Continues Free Fall

By Bukola Idowu, Friday Atufe, Chima Akwaja, Olushola Bello The federal government plan to raise about N450billion through internally generated revenue (IGR) for the 2015 budget would not be sufficient going by the continuing fall in the price of crude oil at the international market experts have said. The government’s 2015 budget proposal was sent […]

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 , […]

Nigeria: When Oil Prices Fall

Photo: OPEC headquarters. analysis By Anthony Goldman When politicians, fund managers and development professionals look to highlight the success of democratic Nigeria, they typically point to one, key statistic: when the military stood down in 1999 after an almost unbroken generation in power, per capita income in Africa’s most populous state was USD1,940; by 2013, […]

U.S. coal exports fall on lower European demand, increased global supply

October 3, 2014 Source: U.S. Energy Information Administration, based on U.S. Census Bureau data Republished October 3, 2014, 12:35 p.m., to clarify graph units. U.S. coal exports have continued to decline from their record volumes in 2012. During the first half of 2014, coal exports totaled 52.3 million short tons (MMst), 16% below the same […]

Light-duty vehicles’ share of transportation energy use is projected to fall

July 18, 2014 Source: U.S. Energy Information Administration, Annual Energy Outlook 2014 Transportation energy consumption, including energy demand from light-duty vehicles, heavy-duty vehicles, aircraft, marine vessels, rail, and other sources, reached 13.8 million barrels per day oil equivalent (boe/d) in 2012 (28% of all energy consumption in the United States), down from a peak of […]

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