MRCTI


Posted an entry on Today in Energy
As cash flow flattens, major energy companies increase debt, sell assets
Cash from operations for major energy companies has flattened in line with flat crude oil prices, which have had the lowest price volatility in years. Based on data compiled from quarterly reports, for the year ending March 31, 2014, cash from...
2014-07-29 09:00:00

Posted an entry on Today in Energy
Natural gas injection season continues on pace for record refill
Nearly midway through the summer storage injection season, working gas in storage is on pace to meet EIA's expectations for a record overall build. The current Short-Term Energy Outlook projects a record build of close to 2,600 billion cubic feet (Bcf)...
2014-07-28 09:20:00

Posted an entry on Today in Energy
Biofuels are included in latest U.S. Navy fuel procurement
Recently the Department of Defense (DoD) released its annual procurement for bulk fuels to be delivered to its facilities in the eastern and inland United States and Gulf Coast. For the first time, this procurement requests military-specification diesel...
2014-07-25 09:00:00

Posted an entry on Today in Energy
U.S. petroleum refineries running at record levels
U.S. refineries have been processing record volumes of oil recently. Refinery inputs hit a record-high 16.8 million barrels per day in each of the past two weeks. Refineries in the Midwest and Gulf Coast in particular pushed the total U.S. input volume...
2014-07-24 09:00:00

Posted an entry on Today in Energy
Oil and natural gas sales accounted for 68% of Russia's total export revenues in 2013
Russia is a major exporter of crude oil, petroleum products, and natural gas, and sales of these fuels accounted for 68% of Russia's total export revenues in 2013, based on data from Russia's Federal Customs Service. Russia received almost four times as...
2014-07-23 09:08:00

Posted an entry on Today in Energy
Fuel economy and average vehicle cost vary significantly across vehicle types
Vehicle price and fueling costs are important factors consumers take into account when deciding to purchase a new light-duty vehicle. While vehicle purchase is influenced by cost and fuel economy, other important factors, such as environmental concerns,...
2014-07-22 09:00:00

Posted an entry on Today in Energy
Recent improvements in petroleum trade balance mitigate U.S. trade deficit
Since the mid-1970s, the United States has run a deficit in merchandise trade, meaning that payments for imports exceeded receipts for exports.
2014-07-21 09:00:00

Posted an entry on Today in Energy
Light-duty vehicles' share of transportation energy use is projected to fall
Transportation energy consumption, including energy demand from light-duty vehicles, heavy-duty vehicles, aircraft, marine vessels, rail, and other sources, reached 13.8 million barrels per day oil equivalent (boe/d) in 2012. In EIA's AEO2014 Reference...
2014-07-18 09:00:00

Posted an entry on Today in Energy
Oil and natural gas resource categories reflect varying degrees of certainty
Crude oil and natural gas resources are the estimated oil and natural gas volumes that might be produced at some time in the future. The volumes of oil and natural gas that ultimately will be produced cannot be known ahead of time. Resource estimates...
2014-07-17 09:00:00

Posted an entry on Today in Energy
EIA projects modest needs for new electric generation capacity
The Annual Energy Outlook 2014 Reference case projects 351 gigawatts (GW) of new electric generating additions between 2013 and 2040, in both the electric power sector and end-use sectors. Projected future capacity additions are well below the average...
2014-07-16 09:00:00

Posted an entry on Today in Energy
Significant fuel economy improvement options exist for light-duty gasoline vehicles
Although light-duty vehicle types such as diesel, full-hybrid, plug-in hybrid, and plug-in electric have garnered significant attention in recent years as ways to reduce petroleum consumption and lower consumer fuel costs, standard gasoline vehicles,...
2014-07-15 09:00:00

Posted an entry on Today in Energy
Flickr page and other tools make EIA data more accessible
EIA's recently launched Flickr page provides users with another avenue to view graphs, charts, maps, and other images produced using EIA's data and analysis.
2014-07-14 09:00:00

Posted an entry on Today in Energy
Fuel economy improvements show diminishing returns in fuel savings
Fuel costs, which depend on vehicle fuel economy, miles driven, and fuel price, are an important factor in vehicle purchasing decisions. However, fuel economy improvement exhibits diminishing returns in fuel savings. For example, switching from a...
2014-07-11 09:00:00

Posted an entry on Today in Energy
EIA projections show hydro growth limited by economics not resources
A recent study conducted by Oak Ridge National Laboratory (ORNL) for the U.S. Department of Energy finds that 61 gigawatts of hydroelectric power potential exists at waterways without existing dams or diversion facilities. ORNL's hydropower resource...
2014-07-10 09:00:00

Posted an entry on Today in Energy
Six formations are responsible for surge in Permian Basin crude oil production
The Permian Basin in Texas and New Mexico is the nation's most prolific oil producing area. Six formations within the basin have provided the bulk of Permian's 60% increase in oil output since 2007. Crude oil production in the Permian Basin has...
2014-07-09 09:12:00

Posted an entry on Today in Energy
Wyoming, Gulf of Mexico dominate fossil fuels production on federal and Indian lands
Sales volumes of fossil fuels from production on federal and Indian lands in fiscal year (FY) 2013 vary widely across states, according to data from the Department of the Interior compiled and summarized in a recent EIA report. This is the first time...
2014-07-08 09:00:00

Posted an entry on Today in Energy
Production of fossil fuels from federal and Indian lands fell in 2013
Sales volumes of fossil fuels from production on federal and Indian lands in fiscal year (FY) 2013 dropped 7% from FY 2012, according to EIA's recently released annual report. Crude oil production on federal lands increased slightly in FY 2013, but that...
2014-07-07 09:00:00

Posted an entry on Today in Energy
UK became a net importer of petroleum products in 2013
Fossil fuels (petroleum and other liquids, natural gas, and coal) account for most of the United Kingdom's (UK) energy consumption. Although renewable energy use is growing, particularly in the electric power sector, fossil fuels accounted for 86% of...
2014-07-03 09:11:00

Posted an entry on Today in Energy
A perspective on U.S. gasoline prices heading into Fourth of July weekend
On Monday, June 30, the national average retail gasoline price was $3.70 per gallon. Although this is the highest average heading into the Fourth of July holiday since 2008, gasoline prices in 2014 have remained well below the spring peaks reached in...
2014-07-02 09:10:00

Posted an entry on Today in Energy
North Dakota and Texas now provide nearly half of U.S. crude oil production
U.S. crude production in April 2014 was 8.4 million barrels per day (bbl/d), with two states, Texas and North Dakota, accounting for nearly half of this total. Texas production topped 3.0 million bbl/d for the first time since the late 1970s, more than...
2014-07-01 09:15:00


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