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Natural Gas Inventory Exceeds Five-Year Average for First Time Since November 2013

Source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report, Short-Term Energy OutlookWorking natural gas in storage has surpassed five-year average levels for the first time in more than a year. At 2,157 billion cubic feet (...

Posted February 27, 2015    

Shale Gas and Tight Oil are Commercially Produced in Just Four Countries

Source: U.S. Energy Information Administration calculations with data from DrillingInfo, Canadian National Energy Board, Cedigaz, Fact Global Energy China Monthly, Chevron, and Yacimientos Petroliferos Fiscales Note: Actual production from Canada...

Posted February 22, 2015    

Energy Efficiency Improvements Have Largely Offset Effect of More, Larger Homes

Source: U.S. Energy Information Administration, Drivers of Household Energy ConsumptionThe growth in residential energy use has slowed to below the rate of household growth, meaning that per-household energy consumption has decreased. Analysis of...

Posted February 20, 2015    

Saudi Arabia Budget Insulated from Effects of Lower Oil Prices

Source: U.S. Energy Information Administration, based on Bloomberg, International Monetary FundSaudi Arabia is the largest exporter of crude oil and other petroleum liquids in the world, and their oil exports accounted for 89% of the country's...

Posted February 15, 2015    

Iraq was Second-Leading Contributor to Global Oil Supply Growth During 2014

Source: U.S. Energy Information Administration, Short-Term Energy OutlookDespite some supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014, behind only the United States. Iraq...

Posted February 13, 2015    

Japan Plans to Restart Some Nuclear Plants in 2015 After Fukushima Shutdown

Source: U.S. Energy Information Administration, International Energy Agency, METIPreviously one of the world's largest producers of nuclear-generated electricity, Japan has relied heavily on fossil fuels following the meltdown at Fukushima Dai-ichi...

Posted February 12, 2015    

Energy Consumption by U.S. Government at Lowest Level Since at Least 1975

Source: U.S. Department of Energy, Federal Energy Management Program. Note: Energy usage includes both civilian and military agencies.The U.S. federal government, with thousands of facilities and vehicles in locations across the United States and...

Posted February 8, 2015    

New England Generation Fuel Mix Changes Likely as Vermont Yankee Nuclear Plant Retires

Source: U.S. Energy Information Administration, Electricity Data Browser and U.S. Energy Mapping SystemOn December 29, 2014, Entergy shut down its Vermont Yankee nuclear facility after 42 years in service. Vermont Yankee had a capacity of 604...

Posted February 6, 2015    

Increase in Average Gasoline Prices Ends 17-Week Streak of Declining Prices

Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel UpdateEIA conducts a survey of gasoline prices each Monday, and the most recent survey showed the U.S. average regular retail gasoline price increasing for the first time in...

Posted February 4, 2015    

Lower 48 Oil Production Outlook Stable Despite Expected Near-Term Reduction in Rig Count

Source: U.S. Energy Information Administration, January Short-Term Energy Outlook. Note: Graph does not include production from Alaska and the Federal Gulf of Mexico.The sharp decline in oil prices over the last quarter of 2014, which has continued...

Posted February 1, 2015    

Friday Energy Facts: Currency Depreciation Against the Dollar Affects Oil Importers and Exporters Differently

Source: U.S. Energy Information Administration, based on Bloomberg Widely traded futures contracts for North Sea Brent crude oil in global financial markets are typically priced in U.S. dollars (USD). The appreciation, or increase in value, of...

Posted January 30, 2015    

Natural Gas Prices Drop Following Strong Production Growth

Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2015Following a short-lived price increase in November, natural gas prices have dropped to their lowest levels since September 2012, reflecting strong domestic...

Posted January 29, 2015