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Posted September 24, 2021Today in Energy

EIA expects increasing consumption of natural gas by U.S. industry in 2021 and 2022 ›

Based on our September Short-Term Energy Outlook, we expect industrial sector natural gas consumption to rise throughout 2021 and to exceed pre-pandemic 2019 levels. We forecast the growth to continue into 2022, and natural gas delivered to industrial consumers will average 23.8 billion cubic feet per day (Bcf/d) that year. If realized, this amount would be near the current record high for annual industrial natural gas consumption set in the early 1970s. More

U.S. monthly industrial natural gas consumption

Source: U.S. Energy Information Administration (EIA), Natural Gas Monthly and Short-Term Energy Outlook (STEO)

Data Highlights

WTI crude oil futures price

9/23/2021: $73.30/barrel

up$0.69 from week earlier
up$33.37 from year earlier

Natural gas futures price

9/23/2021: $4.976/MMBtu

down$0.359 from week earlier
up$2.851 from year earlier

Weekly coal production

9/18/2021: 12.015 million tons

up0.124 million tons from week earlier
up1.189 million tons from year earlier

Natural gas inventories

9/17/2021: 3,082 Bcf

up76 Bcf from week earlier
down589 Bcf from year earlier

Crude oil inventories

9/17/2021: 414.0 million barrels

down3.5 million barrels from week earlier
down80.4 million barrels from year earlier