Planck E PressCenter - Reports

Energy Week in Review #25/2023

Location: Amsterdam, Netherlands
Date published: 2023-03-31
Date modified: 2023-03-31
Reading time: 00:02:09

Author: Caspar Bensik

Energy Week in Review #25/2023

Crude Oil

Between March 22 and March 28, 2023, the WTI (Western Texas Intermediate) crude oil contracts closed trading at US$ 72.87, losing 3.6% in a week, and US$ 27.66 less than a year ago. The spread with Brent Crude Oil Spot Price on March 28, was US$3.93.

U.S. oil production averaged 12.200 million barrels per day, 0.81% less than 1 week ago, but 0.400 MMB/D more than 1 year ago.

Crude Oil and Petroleum Products imports to the U.S. equated to 7.600 MMB/D, down 0.463 MMB/D from one week ago and a decrease of 0.724 MMB/D compared to one year back. On the other hand, U.S. Crude Oil and Petroleum exports reached 10.622 MMB/D, 0.506 MMB/D down from one week ago and exceeding 0.991 MMB/D relative to one year ago.

U.S. crude oil refinery net inputs reached 15.813 MMB/D, up 0.834 MMB/D from one week ago and down 0.135 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, 1.0 days less than one week ago, and up 4.8 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$ 2.645 8.22% US$ -0.462
Heating Oil US$ 2.601 -0.61% US$ -0.947
Diesel Fuel (Ultra-low-sulfur) US$ 2.773 -0.86% US$ -0.982
Kerosene US$ 2.726 -11.18% US$ -1.109

Natural Gas

The Henry Hub spot price fell by US$ 0.480 from March 27, to close at US$ 2.020 MMBtu on March 28. Compared to one year ago, the NG price decreased by US 3.440 MMBtu.

The total supply of U.S. natural gas was 113.4 billion cubic feet in the week ending on 03/28, which is 0.30000000000001 bcf/d more than a week ago and 5.1 bcf/d more than a year ago. Concerning U.S. demand, the last measured week reached 79.3 bcf/d, down 12.3 bcf/d from a week ago and up 2.4bcf/d during a year.


The most recent U.S. price indicators for electricity (01/2023) indicate an average residential retail price of US$ 15.47/kWh (6.84% in one year), an average industrial price of US$ 8.30/kWh (10.67% in one year) and an average transportation price of 12.70/kWh (17.05% in one year).

Electricity Generation (Megawatthours - daily average):

Source 03/28/2023 % Change 1 Week % Change 1 Year
Wind 52,176 -7.99% 4.67%
Solar 14,494 40.68% 1.39%
Hydro 28,742 -2.30% -15.51%
Other 9,820 30.17% 37.48%
Petroleum 947 -12.04% 10.44%
Natural Gas 160,307 -10.04% 10.94%
Coal 61,769 -7.54% -23.44%
Nuclear 75,171 -12.90% -9.31%
Total 403,426 -7.55% -2.61%

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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