EIA projects global energy-related CO2 emissions will increase through 2050

The U.S. Energy Information Administration (EIA) projects that global carbon dioxide (CO2) emissions from energy-related sources will continue to grow in the coming decades. EIA's International Energy Outlook 2019 (IEO2019) projects that global energy-related CO2 emissions will grow 0.6% per year from 2018 to 2050 in its Reference case. However, future growth in energy-related CO2 emissions is not evenly distributed across the world: relatively developed economies collectively have no emissions growth, so all of the future growth in energy-related CO2 emissions is among the group of countries outside the Organization for Economic Cooperation and Development (OECD). More »

Most wind capacity in the United States is designed for a medium wind speed environment

Most wind turbines in the United States were designed for medium wind environments, according to data collected in the U.S. Energy Information Administration’s (EIA) Annual Electric Generator Report. Wind design classes, as defined by the International Electrotechnical Commission (IEC), range from Class 1 (high wind) to Class 4 (very low wind). More »

Maine and New York become the 6th and 7th states to adopt 100% clean electricity targets

As of the end of 2018, 29 states and the District of Columbia had adopted renewable portfolio standards (RPS), polices that require electricity suppliers to source a certain amount of their electricity from designated renewable resources or eligible technologies. Three states—Maine, New York, and Ohio—have updated their RPS since May 2019. As a result of their updates, Maine and New York joined California, Hawaii, Nevada, New Mexico, and the District of Columbia in requiring 100% clean electricity by 2050. More »

U.S. sees largest weekly gasoline price increase since Hurricane Harvey

The U.S. average retail gasoline price increased by more than 10 cents per gallon (gal) from the previous week, based on data in the U.S. Energy Information Administration’s (EIA) Gasoline and Diesel Fuel Update. This increase was the largest since early September 2017, when the national average gasoline price rose 28 cents/gal in the aftermath of Hurricane Harvey. EIA surveys retail gasoline and diesel fuel stations each Monday morning. More »

EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

In the International Energy Outlook 2019 (IEO2019) Reference case, released at 9:00 a.m. today, the U.S. Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. Most of this growth comes from countries that are not in the Organization for Economic Cooperation and Development (OECD), and this growth is focused in regions where strong economic growth is driving demand, particularly in Asia. More »

Saudi Arabia crude oil production outage affects global crude oil and gasoline prices

On Saturday, September 14, 2019, an attack damaged the Saudi Aramco Abqaiq oil processing facility and the Khurais oil field in eastern Saudi Arabia. The Abqaiq oil processing facility is the world's largest crude oil processing and stabilization plant, with a capacity of 7 million barrels per day (b/d) or about 7% of global crude oil production capacity. On Monday, September 16, the first full day of trading after the attack, Brent and West Texas Intermediate (WTI) crude oil prices experienced the largest single-day price increase in the past decade. More »