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Posted February 23, 2017Today in Energy

China’s use of methanol in liquid fuels has grown rapidly since 2000 ›

China is the global leader in methanol use and has recently expanded methanol production capacity. Since the early 2000s, China’s methanol consumption in fuel products has risen sharply and is estimated to have been more than 500,000 barrels per day (b/d) in 2016. More


Source: EIA, based on Argus Media Group

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WTI crude oil futures price

2/22/2017: $53.59/barrels

up$0.48 from week earlier
up$21.72 from year earlier

Natural gas futures price

2/22/2017: $2.592/MMBtu

down$0.333 from week earlier
up$0.810 from year earlier

Weekly coal production

2/18/2017: 16.785 million tons

up0.297 million tons from week earlier
up2.895 million tons from year earlier

Natural gas inventories

2/17/2017: 2,356 Bcf

down89 Bcf from week earlier
down261 Bcf from year earlier

Crude oil inventories

2/17/2017: 518.7 million barrels

up0.6 million barrels from week earlier
up42.4 million barrels from year earlier

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