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Today in Energy

Mar 20, 2023

U.S. petroleum product exports set a record high in 2022

annual U.S. petroleum product exports by select types
Data source: U.S. Energy Information Administration, Petroleum Supply Monthly
Note: HGL=hydrocarbon gas liquids

In 2022, the United States set a new record for petroleum product exports, up 7% from 2021, according to our Petroleum Supply Monthly. U.S. petroleum product exports averaged 5.97 million barrels per day (b/d) in 2022 (405,000 b/d more than in 2021) driven by an increase of 18% (193,000 b/d) in distillate fuel oil.

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Mar 16, 2023

EIA projects that U.S. energy-related CO2 emissions will fall through 2050 in AEO2023

total U.S. energy-related carbon dioxide emissions
Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023)
Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. ZTC=Zero-Carbon Technology Cost

U.S. energy-related CO2 emissions drop 25% to 38% below what they were in 2005 by 2030, according to our projections in the Annual Energy Outlook 2023 (AEO2023). We use 2005 as an emissions reference year because the United States’ nationally determined contribution (NDC), submitted as part of the Paris Agreement, calls for a target of 50% to 52% of net greenhouse gas emissions below the 2005 level by 2030. It’s important to note, however, that we only consider energy-related CO2 emissions, which does not cover the full NDC scope.

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Mar 16, 2023

EIA’s Annual Energy Outlook 2023 will be released today

stock image
Data source: U.S. Energy Information Administration

We will release our Annual Energy Outlook 2023 (AEO2023) later today. Our AEO explores long-term energy trends in the United States and presents an outlook for energy markets through 2050.

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Mar 15, 2023

Residential retail electric choice participation rate has leveled off since 2019

residential retail choice participation in U.S. states with choice programs
Data source: U.S. Energy Information Administration, Annual Electric Power Industry Report
Note: Excludes Texas because Texas’s retail choice program is mandatory in areas operated by the Electric Reliability Council of Texas (ERCOT) under state law.

In 2021, 26% of eligible U.S. customers participated in their state’s retail choice program, or 13.2 million U.S. residential electric customers, based on data from our Annual Electric Power Industry Report. The participation rate in U.S. residential retail choice programs remained relatively unchanged from 2019 to 2021, following several years of modest growth.

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Mar 14, 2023

U.S. natural gas consumption set nine monthly records and an annual record in 2022

U.S. natural gas conusmption averages
Data source: U.S. Energy Information Administration, Natural Gas Monthly

In 2022, U.S. natural gas consumption averaged a record 88.5 billion cubic feet per day (Bcf/d)—the highest annual natural gas consumption, according to records beginning in 1949. U.S. natural gas consumption last year increased 5% (4.5 Bcf/d) from 2021, the second-fastest year-over-year growth since 2013. Natural gas consumption in the United States set monthly records in 9 of 12 months in 2022, based on our Natural Gas Monthly.

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Mar 13, 2023

U.S. ethane demand grew 9% in 2022, driven by petrochemical capacity additions

U.S. monthly ethane demand
Data source: U.S. Energy Information Administration, Petroleum Supply Monthly

In 2022, U.S. ethane demand increased by approximately 9%, or almost 0.2 million barrels per day (b/d), according to our Petroleum Supply Monthly. U.S. production and consumption of ethane (a hydrocarbon gas liquid used almost exclusively as a feedstock in the petrochemical industry) has grown since 2010, along with the build-out of U.S. petrochemical capacity. U.S. ethane product supplied, a proxy for ethane consumption, averaged just under 2.0 million b/d in 2022, reaching a peak of almost 2.2 million b/d in July.

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Mar 9, 2023

Nearly 5% of U.S. households did not use space heating in 2020, especially in warm regions

U.S. households space heating survey respondents
Data source: U.S. Energy Information Administration, 2020 Residential Energy Consumption Survey (RECS)

Nearly 5%—or 5.8 million—U.S. households did not use any space-heating equipment in 2020, according to our most recent Residential Energy Consumption Survey (RECS) data. Space-heating equipment is any equipment that generates heat for warmth, such as natural gas furnaces; plug-in, electric space heaters; and wood-burning stoves.

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Mar 8, 2023

Liquefied natural gas will continue to lead growth in U.S. natural gas exports

U.S. monthly and annual natural gas pipeline and LNG exports
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO)
Note: LNG=liquefied natural gas

Exports of liquefied natural gas (LNG) will continue to drive growth in U.S. natural gas exports over the next two years, according to our recently released Short-Term Energy Outlook (STEO).

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Mar 7, 2023

EU’s ban on diesel fuel from Russia shifts trade patterns

monthly diesel imports into Northwest Europe
Data source: Vortexa Analytics, March 1, 2023

On June 3, 2022, the EU adopted a sixth package of sanctions that banned imports of seaborne crude oil from Russia into the EU (effective December 5, 2022) and banned seaborne imports of petroleum products from Russia, including diesel fuel (effective February 5, 2023).

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Mar 6, 2023

Wind, solar, and batteries increasingly account for more new U.S. power capacity additions

annual U.S. electric generating capacity additions
Data source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, January 2023

Wind, solar, and battery storage are growing as a share of new electric-generating capacity each year. In 2023, these three technologies account for 82% of the new, utility-scale generating capacity that developers plan to bring online in the United States, according to our Preliminary Monthly Electric Generator Inventory.

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