Energy Update
(Wed, 29 Jan 2020) Estimated daily natural gas use for power generation has averaged about 28.4 billion cubic per day (Bcf/d) so far this winter (November 1, 2019âJanuary 29, 2020) and is up about 3 Bcf/d, or 12%, compared with the same period in 2018â19. Power burn, estimated based on S&P Global Platts data, reached 34 Bcf/d on January 20, 2020âthe second-highest natural gas use for power during a day in the winter.
(Wed, 29 Jan 2020) On Monday, February 3, 2020, the Independent System Operator for New England (ISO-NE) will open its annual Forward Capacity Market (FCM) auction. ISO-NE uses the FCM auctions to ensure that the New England power system will have sufficient resources to meet future demand for electricity. Owners of various resources compete in the annual auctions to obtain a Capacity Supply Obligation (CSO) in exchange for receiving a market-priced capacity payment.
(Fri, 24 Jan 2020) Halfway through the 2019â20 winter heat season, underground working natural gas stocks for the Lower 48 states totaled 2,947 billion cubic feet (Bcf) as of Friday, January 17, 2020. Cumulative net withdrawals from working gas totaled 782 Bcf as of January 17, which is the lowest cumulative total at this point in a heating season since 2011 and 29% less than the previous five-year average.
(Tue, 21 Jan 2020) The <em>Drilling Productivity Report</em> (DPR) uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil and natural gas wells to provide estimated changes in oil and natural gas production for seven key regions.
(Wed, 15 Jan 2020) Depending on the nature of oil and natural gas resources specific to particular regions, changes in future oil prices can produce very different results. Relatively higher oil prices push investment toward oil projects and away from natural gas projects, and relatively lower oil prices typically produce the opposite effect.
(Thu, 12 Dec 2019) In the <em>International Energy Outlook 2019</em>, India has the worldâs fastest-growing population and the fastest-growing gross domestic product (GDP), which means long-term energy consumption projections are uncertain because of the rapid change magnified by the size of the economy. This discussion explores two aspects of uncertainty about Indiaâs future energy consumption: assumptions about economic composition and industrial sector energy intensity.
(Wed, 04 Dec 2019) EIA has released its evaluation of capital expenditures and operations and maintenance costs for existing fossil steam and renewable generators. With recent increases in generator retirements, this report focuses on potential cost changes for coal and other fossil-fueled plants over time.
Weekly net change in working gas stocks exceeds five-year average for first time this heating season
(Tue, 03 Dec 2019) Last week (week ending November 22, 2019), the U.S. Energy Information Administrationâs (EIA) estimated weekly net withdrawals from working natural gas stocks at underground storage facilities in the Lower 48 states exceeded the five-year average for the first time in three weeks. The heating season traditionally begins on November 1. Total net withdrawals were just 28 billion cubic feet (Bcf) compared with the five-year average for the report week of 57 Bcf.
(Thu, 07 Nov 2019) EIA has updated its country analysis Executive Summary for Sudan/South Sudan from the previous country analysis brief. The Executive Summary contains detailed information and updates to crude oil production, consumption, and exports as well as other significant changes in the countriesâ energy sectors, and the Background Reference provides additional context to the Executive Summary.
<br>
(Thu, 31 Oct 2019) Net injections into working gas storage in the South Central region totaled 44 billion cubic feet (Bcf) for the week ending October 25, 2019. Net injections into salt dome working gas storage facilities totaled 25 Bcf for the week, matching the previous record for the week ending October 14, 2016.
Pages
GET IN TOUCH
- 1875 I Street NW, International Square,
Washington, District Of Columbia, 20006 - Phone: +1 (888) 317-3839
- Email: info@mglllc.com
About
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.