Tag: Energy Information Administration

US fuel exports soar to new milestone

The U.S. exported 3.5 million barrels per day of petroleum last year, the U.S. government reported Tuesday, a 10 percent increase from 2012.  More »

EIA: Natural gas will slash diesel’s dominance as rail fuel

Liquefied natural gas will likely eat into diesel’s market share in fueling freight locomotives over coming decades, largely because U.S. natural gas will remain cheap as domestic production surges, the Energy Information Administration projects.  More »

Chevron inks $1.6B joint venture for shale in Argentina

Chevron will spend more than $1.6 billion to develop shale resources in Argentina with state-owned oil company YPF S.A., as the South American country leaps past China to become the most active foreign shale-well driller this year.  More »

Feds: Gas accounted for half of new US power generation in 2013

Natural gas continues to eat into coal’s share of U.S. power generation, accounting for more than 50 percent of the nation’s new generating capacity last year, according to a new report from the Energy Information Administration.  More »

Gulf Coast drivers to get lowest pump prices as summer gasoline drops

U.S. motorists can expect to pay about $3.57 for a gallon of gasoline this summer, about the same as last year, government economists predicted Tuesday.  More »

Marcellus strategy paying off for gas producers

The Marcellus is starting to prove that, given time, its proximity to the East Coast makes it potentially profitable for those who got in early, according to a Moody’s report issued Tuesday.  More »

Texas producing 36 percent of US crude

More than one of every three barrels of U.S. crude is pumped in Texas, according to the latest monthly figures from the federal Energy Information Administration.  More »

US now pumping 10 percent of the world’s crude

The United States accounted for 10 percent of world crude oil production in the fourth quarter, with oil from unconventional tight rock operations accounting for almost half of the crude American wells produced.  More »

Natural gas exports get scrutiny on Capitol Hill

The spotlight is trained on natural gas exports Tuesday as three congressional committees and the full Senate debate whether to send send more of the fossil fuel overseas.  More »

Texans boost natural gas use for driving, but not for power

Texans increased their use of natural gas to fuel cars and trucks in 2013, but reduced its use to power lights and appliances, according to new federal data.  More »

Report: Efficiency driving shale production growth

Growing efficiency of horizontal drilling and fracking is driving production increases in basins across the country, the U.S. Energy Information Administration said in a new report this week.  More »

Keystone XL southern leg having major effect on US oil hub

The southern leg of the Keystone XL pipeline has drained supplies of oil at the hub of Cushing, Okla., to their lowest levels in more than two years, according to a federal report released Tuesday.  More »
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