U.S. ethane production, consumption, and exports reached record highs in 2024, according to recent data from our Petroleum Supply Monthly. Increasing ethane recovery associated with natural gas production and continued growth in the domestic and global petrochemical sectors drove these increases.
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03-20-2025
In our March 2025 Short–Term Energy Outlook, we forecast crude oil production in Alaska will increase by 16,000 barrels per day (b/d) in 2026 to 438,000 b/d after remaining relatively flat in 2025. Two new oil developments in Alaska—the Nuna and Pikka projects—are expected to boost crude oil production in the state after decades of decline. If realized, this annual production increase will be the first since 2017 and the largest since 2002..
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03-19-2025
A February 19–22 cold snap increased electricity demand in Texas, and natural gas–fired electricity generation approached record highs for hourly and daily generation.
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03-18-2025
Natural gas pipeline projects completed in 2024 increased takeaway capacity by approximately 6.5 billion cubic feet per day (Bcf/d) in the U.S. natural gas-producing Appalachia, Haynesville, Permian, and Eagle Ford regions, according to our latest Natural Gas Pipeline Projects tracker. These pipelines deliver natural gas from the producing regions to demand centers in the mid–Atlantic and along the U.S. Gulf Coast:
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03-17-2025
U.S. propane exports averaged a record 1.8 million barrels per day (b/d) in 2024, the most since we began collecting this data in 1973. U.S. propane exports increased for each of the last 17 years, with growth driven by higher demand in East Asia, mainly China, and a widening propane price differential between U.S. and global benchmarks.
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03-13-2025