U.S. gasoline exports in May, June, and July reach new seasonal highs

Motor gasoline exports from the United States reached record highs in May, June, and July for each of these months, according to our Petroleum Supply Monthly (PSM). Summer exports in May, June, and July reflect a departure from the historical seasonality of gasoline exports because gasoline export levels are usually low during the summer. More »

EIA projects nearly 50% increase in world energy use by 2050, led by growth in renewables

In our International Energy Outlook 2021 (IEO2021) Reference case, we project that, absent significant changes in policy or technology, global energy consumption will increase nearly 50% over the next 30 years. Although petroleum and other liquid fuels will remain the world’s largest energy source in 2050, renewable energy sources, which include solar and wind, will grow to nearly the same level. More »

EIA projects accelerating renewable consumption and steady liquid fuels growth to 2050

Today at 10 a.m., we are releasing our International Energy Outlook 2021 (IEO2021). In the IEO2021 Reference case, which assumes current laws and regulations, we project that strong economic growth and growing populations will drive increases in global energy-related carbon dioxide emissions and energy consumption through 2050. Much of the increase in energy consumption will be met with liquid fuels and renewable energy sources. Natural gas- and coal-fired generation technologies as well as the emerging use of batteries will also prompt increased consumption. More »

A change in China's tax policy is affecting Asia's petroleum product trade

In June of this year, China implemented a new consumption tax policy that affects imports of two fuels: mixed aromatics, which were blended into gasoline, and light cycle oil, which was blended into diesel. These components were previously exempt from China's consumption tax. This new policy has reduced China's imports of these products and its exports of petroleum products. More »

By 2018, LEDs had become the second-most common lighting in U.S. commercial buildings

According to our 2018 Commercial Buildings Energy Consumption Survey (CBECS), LED lightbulbs had become the second-most common type of lightbulb in commercial buildings. LED bulbs were reported in 9% of commercial buildings in 2012, but they were reported in 44% of commercial buildings in 2018. The prevalence of all other bulb types decreased between 2012 and 2018. More »

Capacity outages at U.S. nuclear power plants averaged 3.1 gigawatts this summer

Daily capacity outages at U.S nuclear power plants averaged 3.1 gigawatts (GW) during the summer of 2021 (June 1 through August 31), 22% less than the 4.0 GW average in summer 2020. Nuclear capacity outages were lowest in August, when they averaged 1.7 GW for the month. More »