Planck E PressCenter - Reports

Energy Week in Review #49/2023

Location: Amsterdam, Netherlands
Date published: 2023-09-07
Date modified: 2023-09-07
Reading time: 00:02:09

Author: Caspar Bensik

Energy Week in Review #49/2023

Crude Oil

Between August 30 and September 05, 2023, the WTI (Western Texas Intermediate) crude oil contracts closed trading at US$ 87.55, gaining 8.6% in a week, and US$ 3.51 more than a year ago. The spread with Brent Crude Oil Spot Price on September 05, was US$4.24.

U.S. oil production averaged 12.800 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 8.833 MMB/D, up 0.108 MMB/D from one week ago and an increase of 1.417 MMB/D compared to one year back. On the other hand, U.S. Crude Oil and Petroleum exports reached 11.426 MMB/D, 1.017 MMB/D up from one week ago and exceeding 1.610 MMB/D relative to one year ago.

U.S. crude oil refinery net inputs reached 16.623 MMB/D, up 0.020 MMB/D from one week ago and up 0.601 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 25.0, 0.4 days less than one week ago, and down 1.7 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$ 2.866 0.88% US$ 0.283
Heating Oil US$ 3.049 1.36% US$ -0.353
Diesel Fuel (Ultra-low-sulfur) US$ 3.129 0.68% US$ -0.363
Kerosene US$ 2.994 -2.63% US$ -0.315

Natural Gas

The Henry Hub spot price fell by US$ 0.010 from August 29, to close at US$ 2.490 MMBtu on September 05. Compared to one year ago, the NG price decreased by US 5.780 MMBtu.

The total supply of U.S. natural gas was 115.5 billion cubic feet in the week ending on 09/05, which is 0.099999999999994 bcf/d less than a week ago and 2.3 bcf/d more than a year ago. Concerning U.S. demand, the last measured week reached 72.2 bcf/d, down 2.3 bcf/d from a week ago and up 2.4bcf/d during a year.


The most recent U.S. price indicators for electricity (06/2023) indicate an average residential retail price of US$ 16.11/kWh (-1.23% in one year), an average industrial price of US$ 8.21/kWh (-10.95% in one year) and an average transportation price of 12.45/kWh (-1.19% in one year).

Electricity Generation (Megawatthours - daily average):

Source 09/05/2023 % Change 1 Week % Change 1 Year
Wind 41,443 60.47% 14.73%
Solar 22,852 7.62% 60.71%
Hydro 27,378 -6.50% -9.20%
Other 11,711 16.93% 19.17%
Petroleum 1,799 209.65% 20.13%
Natural Gas 259,057 3.79% 14.38%
Coal 111,271 4.55% 10.24%
Nuclear 92,496 -1.76% 3.75%
Total 568,006 5.75% 11.73%

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)


Fuel prices in the European Union – September 05, 2023

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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