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Today in Energy Short, timely articles with graphics on energy facts, issues, and trends.

  • In the past 20 years, natural gas has displaced most coal-fired generation in Pennsylvania
    on January 26, 2023 at 1:00 pm

    Natural gas-fired power plants generated 2% of the electricity produced in Pennsylvania in 2001. Over the next 20 years, natural gas-fired generation in the state increased rapidly, reaching 52% in 2021. Natural gas displaced most coal-fired generation, which fell from 57% of the electricity generated in Pennsylvania in 2001 to 12% in 2021.

  • U.S. crude oil production will increase to new records in 2023 and 2024
    on January 25, 2023 at 1:00 pm

    In our January 2023 Short-Term Energy Outlook, we forecast that crude oil production in the United States will average 12.4 million barrels per day (b/d) in 2023 and 12.8 million b/d in 2024, surpassing the previous record of 12.3 million b/d set in 2019. In 2022, U.S. crude oil production averaged an estimated 11.9 million b/d. Increased production in the Permian region and, to a lesser extent, in the Federal Offshore Gulf of Mexico (GOM) drives our forecast growth in production. We base our forecast on our expectations of crude oil prices and infrastructure capacity additions.

  • Daily natural gas spot prices in western United States exceed $50.00/MMBtu in December
    on January 24, 2023 at 1:00 pm

    On December 21, 2022, daily natural gas spot prices at three major trading hubs in the western United States (Pacific Gas & Electric [PG&E] Citygate, Northwest Sumas on the Canada-Washington border, and Malin, Oregon) were higher than $50.00 per million British thermal units (MMBtu). These hub prices were higher than in any other market and averaged $48.12/MMBtu above the Henry Hub benchmark, which was $6.14/MMBtu on December 21. PG&E Citygate in Northern California and Malin, Oregon, the northern delivery point into the PG&E service territory, reported the highest natural gas spot prices since December 2000—in both real and nominal terms—according to pricing data from Natural Gas Intelligence. The price at Southern California (SoCal) Citygate was highest on December 13 at $49.67/MMBtu.

  • Nuclear power plants generated 68% of France's electricity in 2021
    on January 23, 2023 at 1:00 pm

    France has one of the largest nuclear power programs in the world. Nuclear power plants in France generated 361 billion kilowatthours of electricity in 2021, accounting for 68% of the country's annual electricity generation, the highest nuclear generation share in the world.

  • Increasing renewables likely to reduce coal and natural gas generation over next two years
    on January 19, 2023 at 1:00 pm

    In our latest Short-Term Energy Outlook, we expect that increased U.S. power generation from new renewables capacity—mostly wind and solar—will reduce generation from both coal-fired and natural gas-fired power plants in 2023 and 2024. Industry Headlines The latest oil and gas news from around the world.

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