Today in Energy Short, timely articles with graphics on energy facts, issues, and trends.
COVID-19’s impact on commercial jet fuel demand has been significant and uneven
on August 7, 2020 at 12:00 pm
Efforts to contain the 2019 novel coronavirus disease (COVID-19) have dramatically changed global commercial passenger flight volumes. These flights averaged a little more than 70,000 flights per day in January and February, fell to an average of less than 25,000 flights per day in April, and then started to increase again in May. Commercial jet fuel consumption showed a similar pattern, falling from an average of 4.3 million barrels per day (b/d) in January and February to 1.0 million b/d in April.
Gasoline and diesel refining margins that diverged in March have moved closer together
on August 6, 2020 at 12:00 pm
U.S. gasoline and diesel crack spreads diverged sharply in March and April as a result of the mitigation efforts aimed at slowing the spread of the 2019 novel coronavirus disease (COVID-19), but they have moved closer since May. Crack spreads are the difference between the price of crude oil and the wholesale price of a refined petroleum product, and they are used by industry to estimate refining margins.
More than 100 coal-fired plants have been replaced or converted to natural gas since 2011
on August 5, 2020 at 12:00 pm
According to data from the U.S. Energy Information Administration (EIA), 121 U.S. coal-fired power plants were repurposed to burn other types of fuels between 2011 and 2019, 103 of which were converted to or replaced by natural gas-fired plants. At the end of 2010, 316.8 gigawatts (GW) of coal-fired capacity existed in the United States, but by the end of 2019, 49.2 GW of that amount was retired, 14.3 GW had the boiler converted to burn natural gas, and 15.3 GW was replaced with natural gas combined cycle. The decision for plants to switch from coal to natural gas was driven by stricter emission standards, low natural gas prices, and more efficient new natural gas turbine technology.
U.S. crude oil production in May has a record monthly decrease
on August 4, 2020 at 12:00 pm
Production of crude oil decreased in the United States in May 2020 by 1.99 million barrels per day (b/d), the largest monthly decrease since at least January 1980, according to the U.S. Energy Information Administration’s (EIA) Monthly Crude Oil and Natural Gas Production Report. This decrease surpassed the previous record drop in September 2008 when Hurricanes Gustav and Ike caused production to fall by 1.03 million b/d. May marks the sixth consecutive monthly decrease in crude oil production and is the third month since the March 2020 declaration of a national emergency concerning the coronavirus disease (COVID-19) outbreak.
Illinois is a top energy consumer and producer in the Midwest
on August 3, 2020 at 1:00 pm
According to the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS), Illinois had the highest energy consumption in the Midwest and was the third-highest energy producer of any state in the region. In 2018, customers in Illinois consumed 4.0 quadrillion British thermal units (Btu) of energy, and 2.6 quadrillion Btu was produced in the state. Total energy production and consumption in Illinois each accounted for nearly 17% of the Midwest’s total.