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In-brief analysis
May 29, 2024

Congo Brazzaville becomes a liquefied natural gas-exporting country

annual total dry natural gas production in Congo Brazzaville

Data source: U.S. Energy Information Administration, International Energy Statistics database and Country Analysis Brief: Congo Brazzaville

After years of either declining or stable domestic natural gas production, the Republic of the Congo, also known as Congo Brazzaville, began exporting liquefied natural gas (LNG) for the first time when the first phase of a two-phase floating LNG (FLNG) project began operating in February 2024. The development of LNG export capacity will allow the country to monetize natural gas production that was previously either flared or reinjected into oil wells.

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In-depth analysis
May 28, 2024

U.S. biodiesel imports have doubled since 2022 due to low prices in Europe

U.S. biodiesel imports

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

Annual U.S. biodiesel imports doubled from 2022 to 2023 to 33,000 barrels per day (b/d) and continued to rise in the first two months of 2024, according to the most recent data available. Much of the increase in biodiesel imports has come from Germany, and the remaining increase has come mostly from elsewhere in Europe, where a biodiesel surplus has lowered prices.

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In-brief analysis
May 23, 2024

U.S. gasoline prices ahead of Memorial Day weekend are 1% higher than last year

Weekly U.S. average regular gasoline retail price (Jan 1, 2018‚Ä&May 20, 2024)

Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update, and the U.S. Bureau of Labor Statistics
Note: Real prices are adjusted to May 2024 dollars.

On May 20, 2024, the Monday before Memorial Day, the retail price of regular gasoline averaged $3.58 per gallon (gal) across the United States, 1% higher than at the same time last year. After adjusting for inflation (real terms), average U.S. retail gasoline prices going into Memorial Day weekend are 2% lower than last year. The American Automobile Association (AAA) projects 38.4 million people will travel by car over Memorial Day weekend, an increase of 4% compared with last year and nearly 2% more than in 2019.

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In-depth analysis
May 22, 2024

Forecast strong hurricane season presents risk for U.S. oil and natural gas industry

monthly U.S. crude oil field production

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

Meteorologists are forecasting a particularly intense Atlantic hurricane season this year; they expect 20–25 named storms with a possibility of 30 or more, according to reports from AccuWeather in April. Colorado State University similarly forecasts an estimated 23 named storms this year. The potential for a stronger hurricane season suggests heightened risk for weather-related production outages in the U.S. oil and natural gas industry.

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In-brief analysis
May 21, 2024

Guyana becomes key contributor to global crude oil supply growth

Guyana monthly gross crude oil production

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), May 2024

Guyana, situated on South America's northern coast neighboring Venezuela, Suriname, and Brazil, has emerged as a significant contributor to growth in the global supply of crude oil. Since starting production in 2019, Guyana has increased its crude oil production to 645,000 barrels per day (b/d) as of early 2024, all from the Stabroek block.

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In-brief analysis
May 20, 2024

U.S. electricity consumption by light-duty vehicles likely surpassed rail in 2023

Updated May 23, 2024 to correct data errors.

consumption of electricity for transportation in the United States

Data source: U.S. Energy Information Administration, Electric Power Monthly, Tables D.1 and 5.1
Note: Rail data appear in our data as ‚Äútransportation sector.‚ÄĚ

Light-duty vehicles (LDV) in the United States used more electricity than rail systems for the first time in 2023, according to new estimates in our Electric Power Monthly. We recently started publishing experimental estimates for LDV electricity consumption, which are not collected on our traditional surveys but are derived using a model. We compared these estimates with consumption data from electric utilities that report transportation sector end use, which is almost only municipal and regional rail systems.

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In-brief analysis
May 16, 2024

Natural gas-fired electricity generation in Texas set winter record in January 2024

ERCOT hourly natural gas-fired electricity generation

Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor
Note: ERCOT=Electric Reliability Council of Texas; CT=central time

The electric power grid managed by the Electric Reliability Council of Texas (ERCOT) recorded an all-time high for winter natural gas-fired electricity generation for an hour in January, according to our Hourly Electric Grid Monitor, when a three-day cold snap increased electricity demand. Hourly natural gas-fired electricity generation increased to 49.4 gigawatts (GW) for the hour starting at 7:00 p.m. central time on January 16, 2024, 1% more than the previous winter record of 48.8 GW set on December 23, 2022, and within 4% of the summer hourly high of 51.2 GW set between 7:00 p.m. and 8:00 p.m. on August 25, 2023.

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In-brief analysis
May 15, 2024

Higher refining costs could increase summer gasoline prices

U.S. average regular retail gasoline price

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), May 2024

Average monthly prices for regular-grade retail gasoline in the United States could increase by more than 10 cents per gallon (gal) if refinery output is lower than expected, according to an analysis we published on May 14.

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In-brief analysis
May 14, 2024

U.S. share of electric and hybrid vehicle sales decreased in the first quarter of 2024

quarterly U.S. light-duty vehicle sales by powertrain

Data source: Wards Intelligence
Note: EV=electric vehicles, which include both battery electric and plug-in hybrid electric vehicles.

The share of electric and hybrid vehicle sales in the United States decreased in the first quarter of 2024 as battery electric vehicle (BEV) sales declined. Hybrid vehicles, plug-in hybrid electric vehicles, and BEVs fell to 18.0% of total new light-duty vehicle (LDV) sales in the United States in the first quarter of 2024 (1Q24) from 18.8% in 4Q23, according to estimates from Wards Intelligence.

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In-brief analysis
May 13, 2024

Russia’s seaborne diesel trading partners shifted after Feb 2023 sanctions

monthly seaborne diesel shipments from Russia by destination

Data source: Vortexa
Note: Shipments with no recorded destination are included in all other countries.

In 2023, Brazil and Saudi Arabia replaced France and Germany as the countries with the second- and third-most seaborne diesel imports from Russia after sanctions related to Russia‚Äôs petroleum product trade went into effect in February 2023. T√ľrkiye was Russia‚Äôs largest seaborne diesel importer in both 2022 and 2023.

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In-brief analysis
May 10, 2024

U.S. coal-fired electricity generation decreased in 2022 and 2023

lower 48 states annual average coal-fired generation by hour of dispatch

Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor
Note: The chart series reflects the average electricity generation from coal for a given hour across one year; the data are reported in 24-hour increments for the U.S. Lower 48 states, based on local time.

Electricity generation from units that primarily consume coal in the U.S. Lower 48 states decreased for all hours of the day by about 23% between 2021 and 2023, according to our Form EIA-930, Hourly and Daily Balancing Authority Operations Report. Most of the decline occurred between 2022 and 2023, when coal-fired generation fell 19% and the average natural gas spot price at the Henry Hub decreased by more than 60%.

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In-depth analysis
May 9, 2024

Propane prices were slightly lower this winter compared with last winter

weekly wholesale propane prices at mont belvieu, texas

Data source: Thomson Reuters

U.S. wholesale and retail propane prices were slightly lower on average this winter than last winter, largely because of mild weather and robust propane inventories heading into this winter heating season. Despite lower prices and lagging domestic demand, however, continuing international demand for U.S. propane contributed to large withdrawals and left end-of-winter propane inventories below last winter’s year-end levels.

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In-brief analysis
May 8, 2024

U.S. electric power sector reported fewer delays for new solar capacity projects in 2023

monthly status of planned U.S. solar generating capacity

Data source: U.S. Energy Information Administration, Form EIA-860M, Monthly Update to the Annual Electric Generator Report

The U.S. electric power sector reported fewer delays to install new utility-scale solar photovoltaic (PV) projects in 2023 than in 2022. In 2023, solar developers pushed back the scheduled online date for an average of 19% of planned solar capacity compared with an average of 23% in 2022. Although the share of solar capacity reporting delays fell in 2023, it was still higher than the average share of delays between 2018 and 2021.

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In-brief analysis
May 7, 2024

U.S. West Coast refinery demand for hydrogen increasingly met by merchant suppliers

annual west coast refinery demand for hydrogen

Data source: U.S. Energy Information Administration, Refinery Capacity Report

U.S. West Coast refiners are using more hydrogen purchased from merchant suppliers than from their own production. From 2012 to 2022, hydrogen purchased by refiners in the region increased 29% to about 550 million cubic feet per day (MMcf/d). Over the same period, on-site refinery-produced hydrogen production from natural gas fell 20% to about 330 MMcf/d. Merchant suppliers accounted for more than 62% of the hydrogen consumed by West Coast refineries in 2022.

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In-brief analysis
May 6, 2024

China continues rapid growth of nuclear power capacity

annual installed net nuclear generating capacity in China

Data source: U.S. Energy Information Administration and the International Atomic Energy Agency

In the past 10 years, more than 34 gigawatts (GW) of nuclear power capacity were added in China, bringing the country’s number of operating nuclear reactors to 55 with a total net capacity of 53.2 GW as of April 2024. An additional 23 reactors are under construction in China. The United States has the largest nuclear fleet, with 94 reactors, but it took nearly 40 years to add the same nuclear power capacity as China added in 10 years.

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