EUCI Blog

Energize Weekly, May 22, 2019 The oil market is being roiled by production cuts, political sanctions, slow economic growth and political uncertainty, leading to a market of “mixed signals,” according to the International Energy Agency (IEA). The global market for another key petroleum product, liquefied natural gas (LNG), also looks to be out of balance…

Energize Weekly, May 15, 2019 Global oil demand—under current economic and energy development trends—is projected to peak between 2030 and 2035 and then plateau through 2050, according to a new analysis by the London-based investment bank, Barclays. That peak could come as early as 2025 if more aggressive energy policies highlighting renewable power and energy…

Energize Weekly, May 15, 2019 As the soybean market is roiled by trade disputes between the U.S. and China, the domestic biodiesel fuel industry is taking an increasing share of the country’s soybean oil production, according to federal Energy Information Administration (EIA) data. Biodiesel production absorbed 30 percent of domestic soybean oil, or 7.1 billion…

Energize Weekly, May 1, 2019 U.S. fuel ethanol exports rose 23 percent year-on-year to 112,000 barrels a day in 2018—an all-time record, according to the federal Energy Information Administration (EIA). At the same time, U.S. fuel ethanol imports were down 30 percent to less than 4,000 barrels a day in 2018, leaving the U.S. a…

Energize Weekly, April 24, 2019 The average summer retail price for regular-grade gasoline in the U.S. will be about 3 percent lower in 2019 than in 2018 at $2.76 a gallon, according to the federal Energy Information Administration (EIA) Summer Fuels Outlook. The cost of gasoline is primarily driven by the cost of crude oil…

Energize Weekly, April 24, 2019 The United States hit a record high 101.3 quadrillion British thermal units (Btu) for primary energy consumption in 2018—surpassing by three-tenths of a percent the previous high in 2007, according to the federal Energy Information Administration (EIA). Energy consumption was up 4 percent from 2017. It was the largest annual…

Energize Weekly, April 17, 2019 U.S. crude oil production—driven by Texas output—hit a record average 10.96 million barrels a day in 2018, a 17 percent year-over-year increase, according to the federal Energy Information Administration (EIA). In December 2018, crude oil production reached 11.96 million barrels a day—the highest monthly level of crude production in U.S.…

Energize Weekly, April 10, 2019 A Brazilian liquefied natural gas (LNG) power plant project, developed by an international joint venture, has received a $288 million loan from the International Finance Corporation (IFC), a sister organization to the World Bank. The 15-year loan will cover development and operation of the plant in the state of Rio…

Energize Weekly, April 10, 2019 The Colorado legislature has passed a sweeping oil and gas bill aimed at giving local government more control over drilling, but only after adding a few industry-friendly amendments. Gov. Jared Polis has indicated he will sign the bill. The legislation, Senate Bill 181, came in response to protests from residents…

Energize Weekly, April 3, 2019 U.S. natural gas consumption—led by demand from the utility sector—rose 10 percent in 2018 to a record 82.1 billion cubic feet per day (Bcf/d), according to data form the federal Energy Information Administration (EIA). While domestic natural gas use rose across all sectors, the sharpest year-on-year increase, 3.8 Bcf/d, was…

Energize Weekly, March 20, 2019 U.S. natural gas production set records in 2018 for the largest year-on-year increase, 11 percent, and overall production, average 101.3 billion cubic feet per day (Bcf/d), according to the federal Energy Information Administration. Domestic gas production measured as market production and dry-gas production also set records at 89.69 Bcf/d and…

Energize Weekly, March 13, 2019 A bill aimed at dramatically overhauling regulation of oil and gas operations in Colorado is swiftly moving through the state legislature. The legislation is in response to growing concerns as large fracking operations get closer to suburban development and in the wake of a string of court rulings that knocked…