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Well operators in the Permian region of western Texas and eastern New Mexico are getting more oil and gas out of the ground by drilling longer, horizontal wells and increasingly incorporating so-called super-lateral wells that exceed 15,000 feet.
Read more...Waterborne shipments of crude oil and petroleum products from the U.S. Gulf Coast (PADD 3) to the West Coast (PADD 5) more than quadrupled year-on-year in April and May following a waiver that permitted a broader group of ships to[…]
Read more...We forecast U.S. marketed natural gas production will average 122.5 billion cubic feet per day (Bcf/d) in 2026, surpassing the previous record of 118.5 Bcf/d set in 2025, in our August 2026 Short-Term Energy Outlook (STEO).
Read more...In 2025, customers in Puerto Rico experienced an average of 36 hours of power interruptions that were not caused by major events such as hurricanes, 19% more than in 2024. On average, between 2021 and 2025, Puerto Rican customers experience[…]
Read more...Utility-scale battery storage capacity in the United States increased significantly during the last three years, with an annual average growth rate of 70%. By the end of 2025, the U.S. power system had operational battery storage capacity of 43.6 gigawatts[…]
Read more...Although the total value of energy trade between the United States and Canada fell by 11% in 2025 to an estimated $137 billion, according to data from the U.S. Census Bureau, the trade value of natural gas and electricity between[…]
Read more...Hourly peak load in the Electric Reliability Council of Texas (ERCOT), the regional transmission organization serving most of Texas, reached a record 91.1 gigawatts (GW) on July 22, 2026, according to data reported to us for our Hourly Electric Grid[…]
Read more...China, the world's largest importer of crude oil, imported less crude oil in the second quarter of 2026 (2Q26) following higher crude oil prices that resulted from disrupted flows through the Strait of Hormuz. China's lower imports reduced global demand,[…]
Read more...The value of energy trade between the United States and Canada fell by 11% in 2025 to an estimated $137 billion, according to data from the U.S. Census Bureau. Energy trade value is the total value of energy imports and[…]
Read more...In the second quarter of 2026 (2Q26), 24% of new light-duty vehicles sold in the United States were hybrid electric, battery electric, or plug-in hybrid electric vehicles, up from 22% in 2Q25. Between 2Q25 and 2Q26, hybrid electric vehicles continued[…]
Read more...Energia Costa Azul, the second liquefied natural gas (LNG) export facility in Mexico, shipped its initial cargo from Phase 1 of the terminal on July 8, according to the project developer. The completion of the project adds 0.4 billion cubic[…]
Read more...For the week ending July 17, 2026, commercial crude oil inventories (excluding the Strategic Petroleum Reserve) increased 2.0 million barrels to 411.7 million barrels, 6% below the previous five-year (2021–2025) average. Gasoline inventories increased 0.8 million barrels, 7% below the[…]
Read more...On July 3, 2026, the New York Independent System Operator (NYISO) imported 52 gigawatthours (GWh) of electricity from Canada, the most traded between the two areas since January 2025. Some of the imported electricity flowed along the new Champlain Hudson[…]
Read more...Crude oil inventories held at storage facilities in Cushing, Oklahoma, fell below 20 million barrels during the week ending June 19 until the week ending July 10, according to our Weekly Petroleum Status Report.
Read more...Petroleum markets in the second quarter of 2026 (2Q26) were characterized by continued disruptions to international crude oil and petroleum product flows through the Strait of Hormuz, contributing to higher and more volatile crude oil prices through most of the[…]
Read more...Global liquefied natural gas (LNG) trade volumes increased 5.4% to a record 56.3 billion cubic feet per day last year (Bcf/d), driven largely by U.S. LNG export capacity expanding to meet growing demand, according to a recent report from the[…]
Read more...The United States remained the world's largest crude oil producer in 2025, according to our International Energy Statistics database, extending a streak that began in 2018 when the United States overtook Russia to become the world's leading producer.
Read more...U.S. petroleum exports reached a record in April as disruptions to international crude oil and refined product flows through the Strait of Hormuz increased global demand for U.S. exports. Exports increased to 13.6 million barrels per day (b/d) in April,[…]
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