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New Renewable Fuel Standard volume targets facilitate renewable natural gas production

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On June 21, 2023, the U.S. Environmental Protection Agency (EPA) announced a final rule that established biofuel volume requirements and standards for cellulosic biofuel for 2023ï¿½25 as part of the Renewable Fuel Standard (RFS) program. The cellulosic biofuel category primarily applies to Renewable Natural Gas (RNG), ...

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The United States begins the winter with the most natural gas in storage since 2020

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Working natural gas in storage in the Lower 48 United States ended the natural gas injection season at 3,776 billion cubic feet (Bcf), according to estimates based on data from our Weekly Natural Gas Storage Report released on November 16. The Lower 48 states will enter the winter heating season, which runs from ...

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Countries in the Middle East and North Africa supply about one-third of global LNG

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Exporting countries in the Middle East and North Africa region (MENA) supplied nearly one-third (29%) of global liquefied natural gas (LNG) exports in 2022, according to data from the International Group of Liquefied Natural Gas Importers (GIIGNL). The share of global LNG exports coming from the region's ...

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Associated natural gas production has tripled since 2018 in top three Permian oil plays

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Production of associated-dissolved natural gas, or associated natural gas, which is natural gas produced from predominantly oil wells, has nearly tripled since 2018 in the three top-producing tight oil plays in the Permian region. Associated natural gas from the Wolfcamp, Spraberry, and Bone Spring plays averaged a ...

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Red Sea chokepoints are critical for international oil and natural gas flows

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The Suez Canal, the SUMED pipeline, and the Bab el-Mandeb Strait are strategic routes for Persian Gulf oil and natural gas shipments to Europe and North America. Total oil shipments via these routes accounted for about 12% of total seaborne-traded oil in the first half of 2023, and liquefied natural gas (LNG) ...

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Global CO2 emissions rise through 2050 in most IEO2023 cases

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We project that global energy-related CO2 emissions from consumption of coal, liquid fuels, and natural gas will increase over the next 30 years across most of the cases we analyzed in our International Energy Outlook 2023 (IEO2023).

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Coal generation decreased in 2022, but overall U.S. emissions increased

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U.S. coal-related CO2 emissions decreased by 7%, or 68 million metric tons (MMmt), in 2022 relative to 2021. This decrease was largely due to an 8% decline in coal-fired power generation because of retiring coal-fired generating capacity. Changes in electricity generation sources decreased the carbon intensity of ...

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Lower CO2 emissions are partially due to shifts in power generation sources

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We forecast the U.S. energy sector to emit about 4,790 million metric tons of carbon dioxide (CO2) in 2023, a 3% decrease from 2022. Much of this decline results from lower electricity generation from coal-fired power plants due to higher generation from renewable sources such as solar power. We expect this trend to ...

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Electric vehicles and hybrids grow to a record-high 18% of U.S. light-duty vehicle sales

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Sales of hybrid, plug-in hybrid, and battery-electric vehicles (BEV) in the United States rose to 17.7% of new light-duty vehicle sales in third-quarter 2023, according to data from Wards Intelligence. Sales of hybrids, plug-in hybrids, and BEVs have accounted for 15.8% of all new light-duty vehicle sales in the ...

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U.S. gasoline prices decline amid lower gasoline demand and falling crude oil prices

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On November 20, 2023, the Monday before Thanksgiving, the retail price of regular gasoline averaged $3.29 per gallon (gal) across the United States, 10% less than the same time last year. After adjusting for inflation (real terms), retail gasoline prices this Thanksgiving weekend are 13% lower than last year, but they ...

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