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Energy Tomorrow Blog

MSR: U.S. Petroleum Demand Up, Pushing Domestic Production to Keep Pace

monthly-stats-report  energy demand  gasoline demand 

Dean Foreman

Dean Foreman
Posted May 20, 2021

API’s primary data for April 2021 evidenced momentum for the broader U.S. economic recovery, as petroleum demand and refining activity rose, supply remained solid and leading economic indicators pointed higher.

The April headline figure was that total U.S. petroleum demand of 19.6 million barrels per day (mb/d) rose by 2.5% from March and to within 3.5% of its level in April 2019, which was its highest for the month in 11 years.

Contemplate that for a second: For all of the dislocation and continuing issues with recovery from COVID-19 pandemic, total petroleum demand in April was within a sliver of where it was that record-setting April of 2019.

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Early Signs of Recovery for American Energy and Economy

economic growth  energy demand  travel  driving 

Sam Winstel

Sam Winstel
Posted June 9, 2020

As businesses reopen across the country, the U.S. economy is beginning to emerge from the widespread shutdowns caused by the ongoing coronavirus pandemic. America’s energy operators are poised to safely and responsibly power our economic recovery, and the latest market data shows that the initial phases are well underway.

While the short-term outlook remains unclear, energy analysts have consistently backed the strength of this industry’s fundamentals, and long-term forecasts signal demand growth for natural gas and oil through the next several decades.

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API MSR: Glimmer of Light for Oil Markets?

monthly-stats-report  economy and energy  demand  fuels 

Dean Foreman

Dean Foreman
Posted May 14, 2020

API’s latest Monthly Statistical Report (MSR) has positive news; it just takes a close look to find it.

One example: Weekly petroleum demand data (MSR and U.S. Energy Information Administration), as measured by total domestic petroleum deliveries, indicates that the worst impacts on our industry from COVID-19 and measures to contain it may be behind us, occurring in mid-April.

We won’t know for sure until we see data for May in next month’s MSR. But EIA’s Weekly Petroleum Status Report (WPSR), shows that demand rebounded by 3.0 million barrels per day (mb/d) as of May 8, from the low point in the week of April 10 (lowest demand for April since 1970). With more than 30 states in various stages of re-opening, demand could be expected to increase along with rising economic activity. 


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Energy Operators Will Weather the Coronavirus

oil markets  energy demand  oil and natural gas production 

Lem Smith

Lem Smith
Posted April 23, 2020

While the current decline in crude oil demand and market uncertainty present significant challenges, America’s natural gas and oil producers – especially those using hydraulic fracturing and horizontal drilling – are resilient and remain financially viable, supported by the world’s need for energy.

Contrary to some narratives, our industry is poised to fuel renewed growth once the U.S. and other nations get past the COVID-19 crisis. Natural gas and oil have and will again power modern economic expansion.

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High Stakes for the U.S. Response to Global Market Shifts

fuel supply  energy demand  opec 

Dean Foreman

Dean Foreman
Posted March 12, 2020

Global oil markets have shifted dramatically in recent days and weeks, and the stakes are high for the United States energy revolution, retirement savings and the broader economy.

Let’s start with crude oil prices. Per Bloomberg, the per-barrel price of West Texas Intermediate (WTI) on March 9 was about half of what it was on Dec. 31, falling to $31.13 from $61.06. 

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Electric Vehicles: If You Build Them, Will Buyers Come?

electric vehicles  consumers  energy demand 

Dean Foreman

Dean Foreman
Posted March 11, 2020

Several states are taking the lead to promote electric vehicles (EVs), and they’re not the states that produce them. From California and Oregon to New Jersey and Maryland, their promotions are mainly efforts intended to reduce carbon dioxide emissions.

But even with large state incentives, are consumers onboard?   

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U.S. Natural Gas – Meeting the Energy Poverty Challenge

natural gas  liquefied natural gas  energy exports  global energy demand  electricity 

Sam Winstel

Sam Winstel
Posted September 25, 2019

Energy is essential to a modern standard of living, and as the leading energy sources, natural gas and oil are foundational to almost everything we do – lighting our homes, heating our hospitals and powering our workplaces.

The U.S. is the world’s leading natural gas and oil producer, which is critically important given new projections that global energy consumption will increase nearly 50% by 2050. Though reliable access to energy often is taken for granted in this country, people in other parts of the world struggle to obtain the energy needed for sustainable development and to empower basic human progress.

According to the International Energy Agency (IEA), nearly one in eight people around the world lives without electricity, and 2.7 billion people currently are without access to clean cooking facilities. Without power for heating, lighting and advanced technologies, human potential is severely limited. And in the absence of cleaner fuels, people must use coal, kerosene, biomass and other energy sources to prepare food, which contributes to harmful and unnecessary indoor air pollution.

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The U.S. as Global Oil Growth Supplier

global energy demand  crude oil supplies  iea  us energy security 

Jessica  Lutz

Jessica Lutz
Posted June 19, 2019

Another big indication of the global impact of the U.S. energy revolution comes in the International Energy Agency’s (IEA) oil market report and its outlook for 2020, which says the United States will be responsible for virtually all of this year’s increase in oil supply. …

The fact that the U.S. is projected to fill this role is significant in terms of global market stability and the world’s security – that is, the United States as this growth supplier, versus less stable and/or less friendly regimes.  


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Natural Gas: The Global Fuel of Choice

natural gas  eia  iea  emission reductions  global energy demand 

Jessica  Lutz

Jessica Lutz
Posted March 26, 2019

Natural gas is playing a lead role in meeting rapidly increasing global energy demand, and its growing use in electricity generation has resulted in significant savings in carbon dioxide emissions worldwide. These points were echoed by the International Energy Agency (IEA) in its Global Energy and CO2 Status Report released this week.

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IEA: Opportunity for U.S. Energy as Global Demand Grows

iea  energy demand  us energy  exports 

Mark Green

Mark Green
Posted November 15, 2017

IEA’s statement above is remarkable. What it means is that the energy security goals U.S. leaders have discussed for more than 40 years appear to be coming into view. Thanks to modern, data analytics-based exploration and production, the United States will produce natural gas and oil at unprecedented levels, decreasing oil imports and growing opportunities for U.S. energy in the global marketplace. 

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