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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

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