EIA projects global energy consumption will outpace efficiency gains in most cases

In our International Energy Outlook 2023 (IEO2023), we project that global energy-related CO2 emissions will increase by 2050 in a number of IEO2023 cases as global population growth and higher living standards push growth in energy consumption beyond advances in energy efficiency. More »

U.S. crude oil exports reached a record high in first half of 2023

U.S. crude oil exports in the first half of 2023 averaged 3.99 million barrels per day (b/d), which is a record high for the first half of a year since 2015, when the U.S. ban on most crude oil exports from the United States was repealed. In the first half of 2023, crude oil exports were up 650,000 b/d (19%) compared with the first half of 2022. More »

Peak hourly U.S. electricity demand in July was the second highest since 2016

On July 27, 2023, peak hourly electricity demand in the continental United States reached 741,815 megawatthours (MWh). This peak was the second highest since we began collecting this data in 2016, just under the all-time high of 742,704 MWh recorded on July 20, 2022. More »

U.S. exports of natural gas set a record high in the first half of 2023

The United States exported more natural gas in the first half of 2023 (1H23) than it did in the same period of any previous year. Natural gas exports averaged 20.4 billion cubic feet per day (Bcf/d), 4% (0.8 Bcf/d) more than in 1H22, according to our Natural Gas Monthly. More »

U.S. construction costs dropped for solar, wind, and natural gas-fired generators in 2021

The average construction costs for solar photovoltaic systems, wind turbines, and natural gas-fired electricity generators all decreased in the United States in 2021 compared with 2020, according to our recently released data. Average construction costs fell by 18% from 2020 for natural gas-fired generators, by 5% for wind turbines, and by 6% for solar photovoltaic systems. More »

U.S. petroleum product exports set new record in the first half of 2023

U.S. petroleum product exports totaled nearly 6.0 million barrels per day (b/d) in the first half of 2023, 2% more than during the same period in 2022. The first half of 2023 saw the most U.S. petroleum product exports during the first six months of any year in our Petroleum Supply Monthly data, which date back to 1981. More »