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Posted July 29, 2015Today in Energy

New methanol and fertilizer plants to increase already-growing industrial natural gas use ›

Reversing a decline that lasted more than a decade, industrial natural gas consumption has grown steadily since 2009 as relatively low natural gas prices have supported use of natural gas as a feedstock for the production of bulk chemicals. Industrial facilities, including methanol plants and ammonia- or urea-based fertilizer plants, consumed an average of 21.0 billion cubic feet per day of natural gas in 2014, a 24% increase from 2009. More


Source: EIA, based on Bentek Energy and industry reports

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WTI crude oil futures price

7/28/2015: $47.98/bbl

down$2.38 from week earlier
down$53.69 from year earlier

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7/28/2015: $2.821/mmBtu

down$0.061 from week earlier
down$0.926 from year earlier

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7/27/2015: $2.745/gal

down$0.057 from week earlier
down$0.794 from year earlier

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7/24/2015: 459.7 mmbbl

down4.2 mmbbl from week earlier
up92.3 mmbbl from year earlier

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7/18/2015: 17.201 million tons

up0.801 million tons from week earlier
down2.237 million tons from year earlier

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