Today in Energy

Mar 27, 2015

Without the Cochin pipeline, western Canadian propane seeks new outlets

graph of monthly propane imports from Western Canada, as explained in the article text
Source: U.S. Energy Information Administration, Form EIA-814

In April 2014, after 35 years of shipping propane from western Canada to the upper Midwest, the Cochin pipeline was removed from propane service, and in July repurposed to ship light petroleum liquids north from Illinois to western Canada. Without this pipeline, western Canadian propane production has been shipped by other existing transport modes or placed into inventory at Canadian storage facilities. Recently, the declining value of western Canadian propane has encouraged the development of projects to provide additional outlets for growing production.

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Mar 26, 2015

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

graph of annual U.S. exports of fuel ethanol, as explained in the article text
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 during 2011 and 33% more than exports of fuel ethanol in 2013. Similarly, U.S. imports of ethanol, which totaled approximately 377 million gallons during 2013, fell by 81% to a total of 73 million gallons in 2014, their lowest annual level since 2010. As a result, the United States was a net exporter of fuel ethanol for the fifth consecutive year and exported the fuel to 37 different countries in 2014.

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Mar 25, 2015

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

graph of selected international oil and natural gas companies' quarterly expenditures, as explained in the article text
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 exploration and development typically accounts for the bulk of these companies' investment expenditures.

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Mar 24, 2015

California first state to generate more than 5% of electricity from utility-scale solar

graph of utility-scale solar generation, top 5 states, as explained in the article text
Source: U.S. Energy Information Administration, Electric Power Monthly
Note: Data include generation from plants greater than 1 megawatt.

California has become the first state with more than 5% of its annual utility-scale electricity generation from utility-scale solar power, according to EIA's Electric Power Monthly. California's utility-scale (1 megawatt (MW) or larger) solar plants generated a record 9.9 million megawatthours (MWh) of electricity in 2014, an increase of 6.1 million MWh from 2013. California's utility-scale solar production in 2014 was more than three times the output of the next-highest state, Arizona, and more than all other states combined.

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Mar 23, 2015

Crude oil storage at Cushing, but not storage capacity utilization rate, at record level

graph of weekly crude oil inventory and storage capacities at Cushing, Oklahoma, as explained in the article text
Source: U.S. Energy Information Administration, Weekly Petroleum Status Report and Working and Net Available Shell Storage Capacity

After increasing for 15 consecutive weeks, crude oil storage at Cushing, Oklahoma, reached 54.4 million barrels on March 13, according to EIA's Weekly Petroleum Status Report. This volume is the highest on record, but not the highest percent of storage utilization, as working storage capacity at Cushing has also increased over time.

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Mar 20, 2015

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

graph of monthly U.S. biodiesel and renewable diesel imports, as explained in the article text
Source: U.S. Energy Information Administration, Petroleum Supply Monthly

After reaching record levels in 2013, United States imports of biomass-based diesel fuel (both biodiesel and renewable diesel) fell 36%, to 333 million gallons in 2014. Uncertainty surrounding future Renewable Fuel Standard (RFS) targets and the absence of a late-year influx of volumes from Argentina were two main factors in this decline.

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Mar 19, 2015

U.S. commercial crude oil inventories now provide the most days of supply since 1985

graph of monthly U.S. commercial crude inventories' days of supply, as explained in the article text
Source: U.S. Energy Information Administration, Petroleum and Other Liquids and Short-Term Energy Outlook
Note: U.S. crude oil inventories exclude Strategic Petroleum Reserves. December 2014 to February 2015 are estimates.

With lower U.S. refinery runs and increases in domestic crude oil production, U.S. commercial crude oil inventories at the end of February provided the most days of supply since the mid-1980s. Commercial crude inventories were sufficient to supply 29 days of U.S. refinery demand, based on expected refinery runs in March.

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Mar 18, 2015

EIA launches new data add-in tool for Microsoft Excel for Windows

image of excel add-in installation, as explained in the article text
Source: U.S. Energy Information Administration

The U.S. Energy Information Administration (EIA) has released a free data add-in for Microsoft Excel for Windows that builds on the well-known Federal Reserve Economic Data (FRED) add-in and allows users to find, download, and update EIA's energy data and FRED's economic data directly in any Excel spreadsheet.

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Tags: energy


Mar 17, 2015

Falling rig counts drive projected near-term oil production decline in 3 key U.S. regions

graph of monthly oil production in selected regions, as explained in the article text
Source: U.S. Energy Information Administration, Drilling Productivity Report

Republished March 17, 2015, 10:00 a.m., text was modified to clarify content.

EIA's most recent Drilling Productivity Report (DPR) indicates a change in the crude oil production growth patterns in three key oil producing regions: the Eagle Ford, Niobrara, and Bakken. The DPR estimates, which were issued on March 9 and cover the months of March and April, include the first projected declines in crude oil production in these regions since publication of the DPR began in October 2013. However, with production gains continuing in other regions, particularly the Permian, overall crude oil production in regions tracked by the DPR rose slightly in March to 5.6 million barrels per day. Total production in the DPR regions in April is expected to be virtually unchanged from its March level.

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Mar 16, 2015

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

graph of monthly average U.S. retail electricity price, as explained in the article text
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. EIA forecasts that prices will increase during 2015, but at a slower pace than in 2014.

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