Latest News

Latest News

  1. In our latest Short-Term Energy Outlook (STEO), we forecast that electricity generation from U.S. hydropower plants will be 14% lower in 2021 than it was in 2020. Extreme and exceptional drought conditions have been affecting much of the western United States, especially California and states in the Pacific Northwest, which are home to the majority of U.S. hydropower capacity.
  2. In 2020, the U.S. net merchandise trade value of energy products—the value of petroleum, natural gas, coal, and electricity exports less the value of their imports—was a surplus of $27 billion. This amount marks the first time the value of U.S. energy exports exceeded imports since at least 1974, the earliest year in the U.S. Census Bureau's trade value data.
  3. Crude oil inventories in Cushing, Oklahoma, totaled 32.9 million barrels (excluding pipeline fill and stocks in transit by water and rail) in the week ending September 10, which is a 42% decrease since the beginning of the year. Crude oil inventories at Cushing are now 26% lower than normal, based on the previous five-year (2016–2020) average for that time of year. The Cushing storage hub is the crude oil delivery point for the NYMEX West Texas Intermediate (WTI) crude oil futures contract and is home to 14% of U.S. commercial tank and underground crude oil working storage capacity.
  4. The Solar Energy Generating Systems (SEGS) facility in California's Mojave Desert retired five of its solar plants (SEGS 3 through 7) in July 2021 and plans to retire a sixth (SEGS 8) in September 2021, based on information submitted to EIA and published in our Preliminary Electric Generator Inventory. After SEGS 8 is retired, only one solar thermal unit at SEGS will remain operating (SEGS 9). SEGS, which began operating in 1984, is the world's longest-operating solar thermal power facility.
  5. Our Petroleum Supply Monthly trade data show that the United States exported more crude oil and petroleum products than it imported during the first half of 2021 by 120,000 barrels per day (b/d), or less than 1% of combined crude oil and petroleum product exports and imports.