Today in Energy

Aug 26, 2016

OPEC members' net oil export revenue in 2015 drops to lowest level since 2004

graph of OPEC net oil export revenues, as explained in the article text
Source: U.S. Energy Information Administration, derived from data in the Short-Term Energy Outlook
Note: Data before 1994 do not include Angola or Ecuador. Figure does not include Gabon, which rejoined OPEC on July 1, 2016.

Members of the Organization of the Petroleum Exporting Countries (OPEC) earned $404 billion in net oil export revenue in 2015, according to U.S. Energy Information Administration (EIA) estimates. These earnings represent a 46% decline from $753 billion earned in 2014. Although these net export earnings include Iran's revenues, the net export revenue is not adjusted for possible price discounts that Iran may have offered its customers between late 2011 and January 2016, when nuclear-related sanctions targeting Iran's oil sales were in place.

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Aug 25, 2016

Monthly U.S. renewable electricity generation in 2016 surpasses previous years

graph of utility-scale renewable electricity generation, as explained in the article text
Source: U.S. Energy Information Administration, Electric Power Monthly

Renewable electricity generation has surpassed levels from previous years in every month so far this year, based on data through June. Both hydroelectric and nonhydroelectric renewables have contributed to this trend, but in different ways. After a lengthy West Coast drought, hydro generation has increased and is now closer to historical levels. Nonhydro renewable generation continues to increase year-over-year and has exceeded hydro generation in each month since February 2016.

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Aug 24, 2016

As Japan and South Korea import less LNG, other Asian countries begin to import more

graph of imports of liquefied natural gas in selected Asian countries, as explained in the article text
Source: U.S. Energy Information Administration, compiled from several countries' statistical departments

Japan, South Korea, and China are the three largest importers of liquefied natural gas (LNG) in the world, accounting for more than half of global LNG imports in 2015. Combined LNG imports in these countries averaged 18.2 billion cubic feet per day (Bcf/d) in 2015, a 5% (0.9 Bcf/d) decline from 2014 levels and the first annual decline in these countries' combined LNG imports since the global economic downturn in 2009.

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Aug 23, 2016

North Carolina has more PURPA-qualifying solar facilities than any other state

graph of utility-scale solar photovoltaic capacity, as explained in the article text
Source: U.S. Energy Information Administration, Annual Electric Generator Data Form EIA-860
Note: Utility-scale generators are one megawatt or greater. Installed capacity includes utility-scale solar PV plants owned by independent power producers.

North Carolina surpassed states with more favorable solar resources to become the state with the second-highest amount of installed utility-scale solar photovoltaic (PV) capacity owned by independent power producers in 2015, behind only California. Utility-scale—one megawatt (MW) or greater—solar PV growth in North Carolina has been encouraged by a decades-old federal mandate, the Public Utility Regulatory Policies Act of 1978 (PURPA), and by state policies such as the renewable portfolio standard and the state renewable energy tax credit. Currently, 1,173 MW, or 92%, of North Carolina's 1,271 MW utility-scale PV capacity is certified to have qualifying facility (QF) small power producer status under PURPA, which is more than any state in both absolute and percentage terms.

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Aug 22, 2016

Future U.S. tight oil and shale gas production depends on resources, technology, markets

graph of U.S. tight oil production, as explained in the article text
Source: U.S. Energy Information Administration, Annual Energy Outlook 2016

Based on projections in the U.S. Energy Information Administration's Annual Energy Outlook 2016 (AEO2016), U.S. tight oil production is expected to reach 7.08 million barrels per day (b/d), and shale gas production is expected to reach 79 billion cubic feet per day (Bcf/d) in 2040. These values reflect Reference case projections, while several side cases with different assumptions of oil prices, technological advances, and resource availability have different levels of tight oil and shale gas production.

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Aug 19, 2016

Composition of trade influences goods output, shaping industrial sector energy intensity

graph of projected U.S. industrial energy intensity and exports of goods, as explained in the article text
Source: U.S. Energy Information Administration, Annual Energy Outlook 2016

Industrial sector energy intensity is heavily influenced by the composition of goods and services, which is based on both domestic and international demand. In EIA's Annual Energy Outlook 2016 (AEO2016), industrial energy intensity is expected to decline by 15% from 2015 to 2040. The expected increase in the production of goods (such as machinery and electronics, both capital goods) in less energy-intensive industries is a contributor to the decline in industrial energy intensity.

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Aug 18, 2016

Crude oil disruptions in Nigeria increase as a result of militant attacks

graph of Nigeria crude oil production and disruptions, as explained in the article text
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, August 2016

Crude oil production disruptions in Nigeria reached 750,000 barrels per day (b/d) in May 2016, the highest level since at least January 2009. The increased disruptions come as militants continue to focus attacks on oil and natural gas infrastructure in the West African region. Nigeria is a member of the Organization of the Petroleum Exporting Countries (OPEC) and was Africa's largest oil producer until Angola's oil production surpassed Nigeria's earlier this year.

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Aug 17, 2016

Energy-related CO2 emissions from natural gas surpass coal as fuel use patterns change

graph of U.S. energy consumption and emissions, by fuel, as explained in the article text
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (August 2016) and Monthly Energy Review

Republished on August 17, 2016 at 9:30 a.m. to correct the units for carbon dioxide intensities.

Energy-associated carbon dioxide (CO2) emissions from natural gas are expected to surpass those from coal for the first time since 1972. Even though natural gas is less carbon-intensive than coal, increases in natural gas consumption and decreases in coal consumption in the past decade have resulted in natural gas-related CO2 emissions surpassing those from coal. EIA's latest Short-Term Energy Outlook projects energy-related CO2 emissions from natural gas to be 10% greater than those from coal in 2016.

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Aug 16, 2016

U.S. crude oil exports are increasing and reaching more destinations

graph of monthly U.S. exports of crude oil, as explained in the article text
Source: U.S. Energy Information Administration, Petroleum Supply Monthly

The number of countries receiving exported U.S. crude oil has risen since the removal of restrictions on exporting U.S. crude oil in December 2015. U.S. crude oil exports have occurred despite relatively small price spreads between international crude oils and domestic crude oils, as well as other factors that should reduce crude oil exports such as falling U.S. crude oil production and added cargo export costs.

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Aug 15, 2016

Shale gas production drives world natural gas production growth

graph of world natural gas production by type, as explained in the article text
Source: U.S. Energy Information Administration, International Energy Outlook 2016 and Annual Energy Outlook 2016

In the U.S. Energy Information Administration's International Energy Outlook 2016 (IEO2016) and Annual Energy Outlook 2016 (AEO2016), natural gas production worldwide is projected to increase from 342 billion cubic feet per day (Bcf/d) in 2015 to 554 Bcf/d by 2040. The largest component of this growth is natural gas production from shale resources, which grows from 42 Bcf/d in 2015 to 168 Bcf/d by 2040. Shale gas is expected to account for 30% of world natural gas production by the end of the forecast period.

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