Planck E PressCenter - Reports
Energy Week in Review #59/2023
Date published: 2023-11-23
Date modified: 2023-11-23
Reading time: 00:02:09
Crude Oil
Between November 15 and November 21, 2023, the WTI (Western Texas Intermediate) crude oil contracts closed trading at US$ 78.10, losing 1.0% in a week, and US$ 0.17 more than a year ago. The spread with Brent Crude Oil Spot Price on November 21, was US$5.15.
U.S. oil production averaged 13.200 million barrels per day, 0.00% more than 1 week ago, but 1.100 MMB/D more than 1 year ago.
Crude Oil and Petroleum Products imports to the U.S. equated to 8.223 MMB/D, up 0.205 MMB/D from one week ago and an increase of 0.277 MMB/D compared to one year back. On the other hand, U.S. Crude Oil and Petroleum exports reached 10.937 MMB/D, 0.058 MMB/D up from one week ago and falling behind 0.839 MMB/D relative to one year ago.
U.S. crude oil refinery net inputs reached 15.504 MMB/D, up 0.105 MMB/D from one week ago and down 1.134 MMB/D compared to the same period last year.
Regarding the number of days of crude oil supply in the U.S., the week ended with the mark of 29.2, 0.4 days more than one week ago, and up 3.5 days compared to one year ago.
In relation to petroleum derivatives, we had the following price changes during the week:
| Product (NY Harbor) |
Price per gallon |
% Change |
US$ Change 1 Year |
| Conventional Gasoline | US$ 2.062 | -11.62% | US$ -0.418 |
| Heating Oil | US$ 2.845 | 0.99% | US$ -0.518 |
| Diesel Fuel (Ultra-low-sulfur) | US$ 2.912 | 0.28% | US$ -0.054 |
| Kerosene | US$ 2.695 | -5.84% | US$ -0.178 |
Natural Gas
The Henry Hub spot price fell by US$ 0.060 from November 14, to close at US$ 2.630 MMBtu on November 21. Compared to one year ago, the NG price decreased by US 3.940 MMBtu.
The total supply of U.S. natural gas was 119.2 billion cubic feet in the week ending on 11/21, which is 0 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 0 bcf/d from a week ago and up 2.4bcf/d during a year.
Electricity
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 | 11/21/2023 | % Change 1 Week | % Change 1 Year |
|---|---|---|---|
| Wind | 42,875 | 0.00% | -19.09% |
| Solar | 17,214 | 0.00% | 66.48% |
| Hydro | 24,711 | 0.00% | -4.39% |
| Other | 6,756 | 0.00% | -27.38% |
| Petroleum | 133 | 0.00% | -85.45% |
| Natural Gas | 177,222 | 0.00% | 13.70% |
| Coal | 86,308 | 0.00% | -3.29% |
| Nuclear | 78,666 | 0.00% | -13.30% |
| Total | 433,885 | 0.00% | -0.31% |
EIA Price Forecast
|
Energy Type |
Forecast 12/2024 |
|
WTI (dollars per barrel) |
88.00 |
|
Brent (dollars per barrel) |
92.00 |
|
Natural Gas (dollars per thousand cubic feet) |
3.75 |
|
Electricity - Residential Retail (cents per kilowatt-hour) |
14.82 |
This weekly Energy Report was crafted by Planck E with sources from: https://www.eia.gov/ and https://energy.ec.europa.eu/
For emission reduction purposes, we recommend the book The Science behind Carbon Credits and their Calculation.
Most Recent Presscenter Reports
-
ECO/Carbon Market Report #78/2024
-
ECO/Carbon Market Report #77/2024
-
ECO/Carbon Market Report #76/2024
-
ECO/Carbon Market Report #75/2024
Planck E - Books
Keywords
- energy week review
- petroleum week review
- natural gas market review
- electricity week review
- gasoline week review
For further information about Planck E PressCenter, please contact us.
Divulging ingenious solutions
The mission of the Planck E PressCenter is to promote ideas, products and theories that have not yet reached the mainstream, as captured in our first release Eccentrics and their Ingenious Solutions.
Newsletter
Sign up for our weekly Planck E Newsletter, complete with the latest ingenious solutions.
Click here for the signup form.
Submit your ingenious solution
We encourage you to submit your ingenious solution, article, press release or "out of the mainstream" technical idea for publication on the Planck E PressCenter. Please send us an e-mail to presscenter@planck-e.com and enquire how.
To learn more about holistic engineering, solutions inspired by nature, monetization of diseconomies, training courses or the incorporation of Being Data to your day-to-day, please follow us on the social networks.