Today in Energy Short, timely articles with graphics on energy facts, issues, and trends.
- U.S. petroleum consumption decreased to a 25-year low in 2020on August 5, 2021 at 12:00 pm
In 2020, 18.1 million barrels per day (b/d) of petroleum products were consumed in the United States, a 25-year low. From 2019 to 2020, petroleum consumption decreased in every energy-consuming sector, and it decreased a record 15% in the transportation sector. Our new U.S. petroleum products consumption by source and sector chart shows how much petroleum by source was consumed in each sector.
- Rising U.S. jet fuel refinery production contributes to high jet fuel inventorieson August 4, 2021 at 12:00 pm
Rising U.S. air travel since the beginning of 2021 has contributed to increased demand for kerosene-type jet fuel in the United States. However, increased production of jet fuel has outpaced the higher demand, leading to higher-than-average jet fuel inventory levels.
- U.S. energy intensity has dropped by half since 1983, varying greatly by stateon August 3, 2021 at 12:00 pm
Energy intensityï¿½calculated as total energy consumption divided by real gross domestic product (GDP)ï¿½is a common energy indicator and efficiency measure. In 2020, U.S. energy intensity reached a low of 5.05 thousand British thermal units (Btu) per chained 2012 dollar, down 4% from the previous year and less than half as energy intensive as the United States was in 1983. Energy intensity varies greatly by state, and some states operate with much greater energy intensity than the U.S. average.
- OPEC+ agrees to crude oil production increases, but Brent crude oil prices remain highon August 2, 2021 at 12:00 pm
On July 18, OPEC+, which includes most members of OPEC and several non-OPEC members (including Russia), agreed to increase monthly crude oil production starting in August 2021. On July 19, after the new OPEC+ agreement was made public, the price of Brent crude oil fell 7% from the previous day to $69 per barrel (b). Since then, the price of Brent crude oil has been rising, reaching $76/b on July 30.
- The number of producing U.S. coal mines fell in 2020on July 30, 2021 at 1:00 pm
By the end of 2020, the number of producing coal mines in the United States fell to 551 mines, the lowest number since U.S. coal production peaked in 2008. In 2020, 40 coal mines were opened or reactivated, and 151 mines were idled or closed. This overall decrease resulted in an 18% annual decline in the total number of producing coal mines from 2019 and a 62% decline since 2008. Shutting down less efficient mines while adding relatively few new mines and reactivating few idled mines resulted in the reduction in 2020.