Planck E PressCenter - Reports

Energy Week in Review #58/2023

Location: Amsterdam, Netherlands
Date published: 2023-11-16
Date modified: 2023-11-16
Reading time: 00:02:09

Author: Caspar Bensik

Energy Week in Review #58/2023

Crude Oil

Between November 08 and November 14, 2023, the WTI (Western Texas Intermediate) crude oil contracts closed trading at US$ 78.90, losing 3.4% in a week, and US$ 6.72 less than a year ago. The spread with Brent Crude Oil Spot Price on November 14, was US$5.3.

U.S. oil production averaged 13.200 million barrels per day, 0.00% more than 1 week ago, but 1.100 MMB/D more than 1 year ago.

Crude Oil and Petroleum Products imports to the U.S. equated to 8.018 MMB/D, up 0.112 MMB/D from one week ago and a decrease of 0.652 MMB/D compared to one year back. On the other hand, U.S. Crude Oil and Petroleum exports reached 10.879 MMB/D, 0.407 MMB/D down from one week ago and exceeding 0.952 MMB/D relative to one year ago.

U.S. crude oil refinery net inputs reached 15.399 MMB/D, up 0.148 MMB/D from one week ago and down 1.011 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 28.8, 1.2 days more than one week ago, and up 2.0 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$ 2.333 -4.70% US$ -0.050
Heating Oil US$ 2.817 -2.76% US$ -1.007
Diesel Fuel (Ultra-low-sulfur) US$ 2.904 -0.38% US$ -1.120
Kerosene US$ 2.862 -0.24% US$ -0.370

Natural Gas

The Henry Hub spot price fell by US$ 0.650 from November 07, to close at US$ 2.690 MMBtu on November 14. Compared to one year ago, the NG price decreased by US 3.190 MMBtu.

The total supply of U.S. natural gas was 119.2 billion cubic feet in the week ending on 11/14, which is 0.7 bcf/d more than a week ago and 4.8 bcf/d more than a year ago. Concerning U.S. demand, the last measured week reached 83.2 bcf/d, up 6.2 bcf/d from a week ago and up 2.4bcf/d during a year.


The most recent U.S. price indicators for electricity (08/2023) indicate an average residential retail price of US$ 15.93/kWh (2.44% in one year), an average industrial price of US$ 8.82/kWh (8.35% in one year) and an average transportation price of 13.13/kWh (13.58% in one year).

Electricity Generation (Megawatthours - daily average):

Source 11/14/2023 % Change 1 Week % Change 1 Year
Wind 42,875 -0.00% 3.98%
Solar 17,214 0.00% 47.91%
Hydro 24,711 0.00% -8.48%
Other 6,756 -0.00% -25.99%
Petroleum 133 0.22% -89.89%
Natural Gas 177,222 0.00% -6.94%
Coal 86,308 0.00% -9.25%
Nuclear 78,666 -0.00% -8.99%
Total 433,885 -0.00% -6.14%

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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