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U.S. natural gas consumption established a new daily record in January 2024

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On January 16, 2024, a record high of 141.5 billion cubic feet (Bcf) of natural gas was consumed in the U.S. Lower 48 states (L48), exceeding the previous record set on December 23, 2022, according to estimates from S&P Global Commodity Insights. Well-below-normal temperatures caused by a large mass of arctic air ...

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United Arab Emirates invests to meet 2027 crude oil production capacity goal

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The United Arab Emirates (UAE) has invested heavily in increasing hydrocarbon production capacity and developing midstream and downstream infrastructure to accommodate future growth in hydrocarbon production. However, over the past 10 years, UAE actual production has averaged just less than 3 million barrels per day ...

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Tracking electricity consumption from U.S. cryptocurrency mining operations

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Electricity demand associated with U.S. cryptocurrency mining operations in the United States has grown very rapidly over the last several years. Our preliminary estimates suggest that annual electricity use from cryptocurrency mining probably represents from 0.6% to 2.3% of U.S. electricity consumption.

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Red Sea attacks increase shipping times and freight rates

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After Yemen-based Houthi militia attacks on commercial ships transiting the Red Sea started in November 2023, some vessels began opting to avoid the Bab el-Mandeb chokepoint—a narrow strait that borders the Yemeni coast and is the southern entrance to the Red Sea. Instead, they're choosing to take longer, more costly ...

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Electric vehicles and hybrids surpass 16% of total 2023 U.S. light-duty vehicle sales

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Combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEV) in the United States rose to 16.3% of total new light-duty vehicle (LDV) sales in 2023, according to data from Wards Intelligence. In 2022, hybrid, plug-in hybrid, and BEV sales were 12.9% of total sales.

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The cost of transporting coal to the electric power sector increased in 2022

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We released new data on the electric power sector's coal transportation costs. The release incorporates final data for 2022 from Form EIA-923, which we collect from electric power plant owners and operators. The data release based on our Form EIA-923 includes tables with costs, in nominal and real (2022) dollars, ...

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Projected zero carbon electricity growth highly dependent on cost in parts of Asia

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We project low zero-carbon technology costs will drive substantial growth in zero-carbon electricity capacity and generation and limit growth in fossil fuel-fired generation in parts of Asia between 2030 and 2050 in our International Energy Outlook 2023 (IEO2023). In the region we call Other Asia-Pacific (OAS), we ...

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U.S. coal exports account for larger share of a shrinking market

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As domestic consumption of U.S. coal declines in the near term, we expect exports to account for a larger share of total U.S. coal consumption, according to our recently released Short-Term Energy Outlook (STEO). We expect U.S. coal consumption will total 482 million short tons (MMst) in 2024, 29% less than in 2019. ...

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U.S. electricity customers averaged five and one-half hours of power interruptions in 2022

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On average, U.S. electricity customers experienced approximately five and one-half hours of electricity interruptions in 2022, almost two hours less than in 2021, according to our recently released Annual Electric Power Industry Report. The annual decline was driven by fewer major events in 2022 compared with 2021.

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U.S. monthly dry natural gas production set a new record in December 2023

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U.S. dry natural gas production in the Lower 48 states reached an all-time monthly high of 105.5 billion cubic feet per day (Bcf/d) in December 2023, according to data from S&P Global Commodity Insights. In 2023, Lower 48 dry natural gas production increased 3.7% (3.6 Bcf/d) from 2022. Dry natural gas production ...

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Fewer markets are importing Russia’s coal

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Russia's reliance on four, mainly Asian, countries to import its coal has increased since some countries implemented sanctions against Russia after it invaded Ukraine, according to Global Trade Tracker data. This trade shift corresponds with increased coal exports from the United States to Europe and EU sanctions that ...

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Rise in relatively denser crude oil production drives U.S. growth

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Crude oil production in the United States reached a record high in August 2023, led primarily by more production in Texas. In 2023, most of the crude oil produced in Texas was relatively dense for the state.

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