Remove Gas Remove Information Remove Oil Remove United States
article thumbnail

EIA: US crude oil production will increase to new records in 2023 and 2024

Green Car Congress

In its January 2023 Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that crude oil production in the United States will average 12.4 In 2022, US crude oil production averaged an estimated 11.9 Producers currently flare some of the natural gas they produce. million b/d.

Oil 468
article thumbnail

EIA: Proved reserves of US natural gas increased 32% during 2021

Green Car Congress

Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report.

Gas 457
article thumbnail

EIA: proved reserves of US natural gas established a new record; oil reserves increased by 16% at the end of 2021

Green Car Congress

In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels, according to the US Energy Information Administration (EIA). per million British thermal units (MMBtu) in 2020 to $3.67/MMBtu

Oil 259
article thumbnail

EPA proposes new rulemaking for sharp cuts in methane emissions from oil and gas industry

Green Car Congress

The US Environmental Protection Agency (EPA) is proposing comprehensive new regulations to reduce methane emissions from the oil and natural gas industry—including, for the first time, reductions from existing sources nationwide. Source: EPA. billion a year.

EPA 243
article thumbnail

EIA expects US petroleum trade to shift toward net imports during 2022

Green Car Congress

In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it exports following its historic shift to being a net exporter of petroleum in 2020, according to the US Energy Information Administration (EIA). million b/d. million b/d in 2023.

article thumbnail

68% of primary energy imports to US in 2018 was crude oil; 48% of US energy exports were petroleum products

Green Car Congress

The majority (69%) of primary energy imported into the United States in 2018 was crude oil, with petroleum products and natural gas also having significant shares, according to the US Energy Information Administration (EIA). Energy Information Administration, Monthly Energy Review, December 2019, Tables 1.4a

Oil 269
article thumbnail

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

Green Car Congress

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). million barrels per day set in 2019.

Oil 344