Energy Update
(Thu, 17 Oct 2024) Argentina's energy sector relies mainly on fossil fuels, especially natural gas and oil. In 2022, 47% of the country's energy production came from natural gas, and the natural gas share of primary energy consumption was 49.5%. Argentinaâs global share of natural gas consumption was 1.15%. Oil accounted for 42.8% of total energy production and 40.4% of primary energy consumption.
(Thu, 10 Oct 2024) Iran holds some of the worldâs largest oil and natural gas reserves, and crude oil and natural gas production growth remains limited because of international sanctions and underinvestment. However, Iranâs crude oil production increased after 2020 after global oil demand returned to pre-COVID-19 levels and China began to import more discounted crude oil from Iran.
(Wed, 09 Oct 2024) This report fulfils Section 4 of the Stop Harboring Iranian Petroleum Act, or the SHIP Act, which requires the Administrator of the U.S. Energy Information Administration to submit a report describing âIranâs growing exports of petroleum and petroleum productsâ to the appropriate congressional committees.
(Thu, 12 Sep 2024) We recently implemented a new model for forecasting crude oil and natural gas production from the U.S. Federal Offshore Gulf of Mexico (GOM) in the <em>Short-Term Energy Outlook</em> (STEO). In our latest outlook, we forecast that GOM production will remain relatively flat with new fields offsetting the natural production declines from existing fields.
(Wed, 21 Aug 2024) This report looks at planned global refinery capacity additions to 2028 and the implications on crude oil and refined petroleum product trade.
(Thu, 25 Jul 2024) This report about office buildings describes results from an exploratory, web-only survey that was conducted to learn about changes to commercial buildings following the COVID-19 pandemic.
(Mon, 01 Jul 2024) The East China Sea is a semi-closed sea bordered by the Yellow Sea to the north, the South China Sea and Taiwan to the south, Japan's Ryukyu and Kyushu islands to the east, and the Chinese mainland to the west. It has a total area of approximately 290,000 square miles, consisting of mostly shallow waters; three-fourths of the sea is less than 500 feet deep. In the Okinawa Trough, the depths exceed 6,500 feet.
(Tue, 25 Jun 2024) Chokepoints are narrow channels along widely used global sea routes that are critical to global energy security. The seven chokepoints highlighted in this report and the Cape of Good Hope are part of major trade routes for global seaborne oil transportation. Disruptions to these routes could affect oil prices and add thousands of miles of transit in alternative routes.
(Mon, 10 Jun 2024) The United Kingdomâs Rosebank field is expected to contain 300 million barrels of recoverable oil with a peak flow of 70,000 barrels per day starting in 2027; this new field could slow the UKâs declining oil production. U.S. liquefied natural gas has become a major source of natural gas in the UK, while five new international interconnectors have led to a surge in the UKâs electrical trade.
(Wed, 29 May 2024) Guyana's petroleum production has grown rapidly, increasing from 15,000 barrels per day (b/d) in December 2019, when crude oil production in the country began, to 630,000 b/d in January 2024. Three additional projects are underway with the potential to reach a combined production capacity of 1.3 million b/d of crude oil by 2027.
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