EUCI Blog

By Mark Jaffe, EUCI energy writer Following a five-year trend spurred by investments, rising natural gas prices, and growing demand, the year-over-year national average electric revenue rose 9% to 14.6 cents a kilowatt-hour (kWh) in February 2026, according to the U.S. Energy Information Administration (EIA). Forty-three states and the District of Columbia saw increased revenue…

By Mark Jaffe, EUCI energy writer The war in Iran, while upending world energy markets, may have some winners in U.S. liquefied gas (LNG) exports and renewable energy, according to an analysis by industry risk consultant DNV. Still, the war is exacting a heavy and lasting toll. “Without knowing the duration and possible escalation of…

By Mark Jaffe, EUCI energy writer The U.S. is the world’s biggest natural gas producer – with three regions in the country each producing more gas than most countries – but demand continues to outpace production leading to higher natural gas prices. “Retail U.S. natural gas prices for every sector have increased so far this…

By Mark Jaffe, EUCI energy writer While geopolitical risks tend to push up the price of oil, an increase in supply and global economic uncertainties has tamped down the price of oil to its lowest in nearly three years. Global petroleum inventories rose by an average of 1.8 million barrels a day in the second…

By Mark Jaffe, EUCI energy writer Rising natural gas prices – spurred increasing exports of liquefied natural gas (LNG) – are set to push up electricity prices at the same time new demands are being placed upon electric grids, according to an Institute for Energy Economics and Finance Analysis (IEEFA) study. Natural gas generation become…

By Mark Jaffe, EUCI energy writer Upstream oil and gas mergers and acquisitions opened 2025 with $17 billion in deals, the second-best start since 2018, but it was largely powered by one company. Prospects for the rest of the year are uncertain, according to Enverus Intelligence Research. Diamondback Energy dominated the quarter with its $4.08…

By Mark Jaffe, EUCI energy writer New Mexico is seeing the country’s most rapid increase in oil and gas production – with an output of 2 million barrels a day in 2024 – more than double the 2019 amount, according to a Federal Reserve Bank of Dallas study. New Mexico shares the Permian Basin, the…

Brent Crude Tumbles Below $75 a Barrel, Erasing 2024 Gains September 3, 2024 Brent erased its 2024 gains as concerns about demand in the world’s two biggest economies overshadow heightened geopolitical risks. The global benchmark dropped below $75 a barrel and touched the lowest intraday price since December 2023. Read more

Global oil production to rise while demand falls, putting pressure on prices and investments Energize Weekly, July 10,2024 Increasing global oil production in the face of plateauing demand will put price pressures on producers and challenge the large capital investment the industry is making, according to the International Energy Agency’s (IEA) annual market analysis and…

Record temperatures will increase electricity demand, but not natural gas or coal prices Energize Weekly, June 26, 2024 Record temperatures are set to increase electricity demand this summer, but analyses find that a combination of ample gas storage and more renewable generation will help prevent a spike in natural gas prices. “We expect the U.S.…

New Bloomberg Study Warns of $150 Oil May 14, 2024 A recent release sent to Rigzone by Bloomberg Intelligence (BI) warned that, according to a new analysis by BI and Bloomberg Economics (BE), “an escalation to a direct war between Israel and Iran could result in oil prices rising to $150 a barrel and global…

Lawmakers across the U.S., including in Md., seek to curb utility spending on politics, ads and more March 5, 2024 After a string of scandals and amid rising bills, lawmakers in statehouses across the country, including in Maryland, have been pushing legislation to curb utilities spending ratepayer money on lobbying, expert testimony in rate cases,…