Planck E PressCenter - Reports

Energy Week in Review #16/2023

Location: Amsterdam, Netherlands
Date published: 2023-01-26
Date modified: 2023-01-26
Reading time: 00:02:09

Author: Caspar Bensik

Energy Week in Review #16/2023

Crude Oil

Between January 17 and January 24, 2023, the WTI (Western Texas Intermediate) crude oil contracts closed trading at US$ 79.86, losing 0.5% in a week, and US$ 8.47 less than a year ago. The spread with Brent Crude Oil Spot Price on January 24, was US$5.39.

U.S. oil production averaged 12.200 million barrels per day, 0.00% more than 1 week ago, but 0.700 MMB/D more than 1 year ago.

Crude Oil and Petroleum Products imports to the U.S. equated to 8.129 MMB/D, down 1.136 MMB/D from one week ago and a decrease of 0.684 MMB/D compared to one year back. On the other hand, U.S. Crude Oil and Petroleum exports reached 10.494 MMB/D, 0.305 MMB/D up from one week ago and exceeding 3.774 MMB/D relative to one year ago.

U.S. crude oil refinery net inputs reached 14.981 MMB/D, up 0.128 MMB/D from one week ago and down 0.267 MMB/D compared to the same period last year.

Regarding the number of days of crude oil supply in the U.S., the week ended with the mark of 30.8, 0.7 days more than one week ago, and up 3.9 days compared to one year ago.

In relation to petroleum derivatives, we had the following price changes during the week:

Product (NY Harbor)

Price per gallon

% Change
1 Week

US$ Change
1 Year
Conventional Gasoline US$ 2.749 3.07% US$ 0.229
Heating Oil US$ 3.307 5.02% US$ 0.696
Diesel Fuel (Ultra-low-sulfur) US$ 3.482 8.00% US$ 0.741
Kerosene US$ 3.735 4.71% US$ 1.171

Natural Gas

The Henry Hub spot price rose by US$ 0.150 from January 16, to close at US$ 3.350 MMBtu on January 24. Compared to one year ago, the NG price decreased by US 1.080 MMBtu.

The total supply of U.S. natural gas was 112.5 billion cubic feet in the week ending on 01/24, which is 0.5 bcf/d less than a week ago and 7.4 bcf/d more than a year ago. Concerning U.S. demand, the last measured week reached 99.6 bcf/d, up 6.6 bcf/d from a week ago and up 2.4bcf/d during a year.


The most recent U.S. price indicators for electricity (11/2022) indicate an average residential retail price of US$ 15.64/kWh (14.08% in one year), an average industrial price of US$ 8.30/kWh (13.70% in one year) and an average transportation price of 11.53/kWh (5.68% in one year).

Electricity Generation (Megawatthours - daily average):

Source 01/24/2023 % Change 1 Week % Change 1 Year
Wind 59,708 1.99% 32.75%
Solar 10,070 11.41% -1.40%
Hydro 31,840 1.05% -7.20%
Other 10,304 10.76% 5.14%
Petroleum 1,055 61.08% -66.89%
Natural Gas 179,671 18.79% -3.67%
Coal 90,640 9.56% -32.91%
Nuclear 96,240 1.11% 2.50%
Total 479,528 9.43% -7.43%

EIA Price Forecast

Energy Type

Forecast 12/2024

WTI (dollars per barrel)


Brent (dollars per barrel)


Natural Gas (dollars per thousand cubic feet)


Electricity - Residential Retail (cents per kilowatt-hour)


This weekly Energy Report was crafted by Planck E with sources from: and

For emission reduction purposes, we recommend the book The Science behind Carbon Credits and their Calculation.

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