Trump to Promote US Natgas Exports in Russia's Backyard
President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs. In recent years, Moscow has cut off gas shipments during pricing disputes with neighboring countries in winter months. Exports from the United States would help reduce their dependence on Russia.
US Set to Become Energy Exporter by 2026 -EIA
The United States is projected to become a net energy exporter over the next decade due to rising natural gas exports and falling petroleum product imports, the U.S. Energy Information Administration said on Thursday. While the United States has been a net energy importer since 1953, declining energy imports and growing exports that started over the past year will allow that trend to switch by 2026, the EIA said. In late 2015, the U.S.
OPEC Secretary General Meets EIA, IADB Officials
OPEC Secretary General, HE Mohammad Sanusi Barkindo, met with the Administrator of the United States Energy Information Administration (EIA), Adam Sieminski, and other senior staff members, over a working breakfast on 14 December. The Secretary General briefed Mr. Sieminski and his team on the two recent OPEC Meetings, concluded on 30 November and 10 December, which culminated in the historic ‘Vienna Agreement’.
US Crude Oil Output to Decline by 570,000 bpd in 2016
The U.S. government on Tuesday raised its projected decline rate for crude oil production next year, furthering a year-long rout that has pressured benchmark prices to near a seven-year low. In its short term energy outlook, the U.S. Energy Information Administration said that production in 2016 would fall by 570,000 barrels per day (bpd) to 8.76 million bpd. A month ago, the cut was expected to be 520,000 bpd. The cuts come after U.S.
EIA Lowers 2015, 2016 US Crude Oil Production Forecasts
The U.S. government on Tuesday lowered both its 2015 and 2016 U.S. crude oil production forecasts as a 60-percent rout in benchmark prices since last summer weighs on shale output. In its short term energy outlook, the U.S. Energy Information Administration (EIA) lowered its 2015 U.S. crude oil production growth forecast to 650,000 barrels per day (bpd) from 750,000 bpd, and also expanded the expected production decline for 2016 to 400…
US Sees Longer Oil Output Decline into Early 2016
An anticipated decline in domestic oil production will be slightly longer and deeper than expected, with annual output falling in 2016 for the first time in eight years, the U.S. government projected on Tuesday. In its short-term energy outlook, the U.S. Energy Information Administration forecast a 160,000 barrel per day (bpd) drop in output next year to 9.27 million bpd. A month ago it was still expecting output to rise 20,000 bpd next year.
Kemp: Prospect of Nuclear Deal is Already Weighing on Oil Prices
Lifting sanctions on Iran's oil industry could significantly change the outlook for oil supply and prices, the head of the U.S. Energy Information Administration told U.S. legislators. "If and when sanctions are lifted, EIA's baseline forecast for world crude oil prices in 2016 could be reduced $5-$15 per barrel," Adam Sieminski said to the Senate's Committee on Energy and Natural Resources on Thursday.
US Could Eliminate Energy Imports -EIA
EIA's AEO2015 projects that U.S. The Annual Energy Outlook 2015 (AEO2015) released today by the U.S. Energy Information Administration (EIA) presents updated projections for U.S. energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. "EIA's AEO2015 shows that the advanced technologies are reshaping the U.S.
US Lawmakers Give Preview of Oil Export Fight
U.S. lawmakers gave a preview on Thursday of a looming fight next year on lifting the ban on crude exports with supporters saying it would sustain the drilling boom and others questioning its impacts on industry and fuel prices. In a House of Representatives hearing on the ban, Texas Republican Joe Barton said exporting oil would boost the economy, lower gas prices, and help give allies alternative oil supplies to Russia.
US House to Hold Hearing on Oil Export Ban
A House of Representatives panel will hold a hearing on Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance. The House subcommittee on energy and power, chaired by Representative Ed Whitfield, will hone in on the 1975 Energy Policy and Conservation Act, drafted in response to the 1973 oil crisis.
EIA Sees US Oil Output Growth Slowing Slightly; Cuts Price View
U.S. domestic oil output will keep growing next year as slumping crude prices have not discouraged producers in fast-growing shale regions, the U.S. government said on Wednesday, but it trimmed its output forecast by about 100,000 barrels per day. The U.S. Energy Information Administration also said it expects Saudi Arabia to curb production. But it still cut its forecast for Brent crude prices in 2015 by $18 a barrel from last month's view…
Study: Lifting Crude Exports Will Not Raise U.S. Gas Prices
A highly anticipated study by the U.S. Energy Information Administration will show that domestic oil prices will not rise if the U.S. ban on oil exports is lifted, the agency's top administrator said Thursday. Domestic gasoline prices are set in the global market, and the price of U.S. gasoline is tied more closely to the global benchmark price than WTI, the U.S. benchmark, EIA administrator Adam Sieminski said.
New Definitions Needed for Condensate, Gas Liquids
"A rose by any other name would smell as sweet," William Shakespeare wrote in "Romeo and Juliet". But he was not working for the U.S. government and trying to define what constitutes condensate and natural gas liquids. A simple and workable definition might have baffled even the undisputed master of the English language. In the world of condensates and natural gas liquids, a rose is never just a rose…
US to Release Reports on Crude Oil Export Issues
The U.S. Energy Information Administration plans to release two reports in September examining some of the issues surrounding a potential end to the nation's decades-old ban on most crude oil exports, the EIA's chief said on Monday. Some lawmakers have pressed the EIA, the statistical arm of the Department of Energy, to provide analysis on the implications of relaxing or abolishing the ban, as debate over the future of the moratorium has intensified.
