Planck E PressCenter


Energy Report 9-15 to 9-21 2022


Location: Amsterdam, Netherlands
Date published: 2022-09-22
Date modified: 2022-09-22
Reading time: 00:02:15
Energy Report 9-15 to 9-21 2022

Crude Oil

Between September 12 and 19, 2022, the WTI (Western Texas Intermediate) crude oil contracts closed trading at US$86.15, losing US$2.30 in a week, but US$16.33 more than a year ago.  The spread with Brent Crude Oil Spot Price on September 12, was US$3.28.  U.S. oil production averaged 12.100 million barrels per day, maintaining parity with 1 week ago, but 2.000MMB/D more than 1 year ago.

Crude Oil and Petroleum Products imports to the U.S. equated to 8.982MMB/D, up 1.566MMB/D from one week ago and an increase of 1.223MMB/D compared to one year back.  On the other hand, U.S. Crude Oil and Petroleum exports reached 10.196MMB/D, 0.380MMB/D up from one week ago and exceeding 3.079MMB/D relative to one year ago.

U.S. crude oil refinery net inputs reached 16.355MMB/D, up 333KBPD from one week ago and up 1,968KBPD compared to the same period last year.

Regarding the number of days of crude oil supply in the U.S., the week of 09/19/22 ended with the mark of 26.7, equal to one week ago and down 0.8 days compared to one year ago.

Natural Gas

The Henry Hub spot price fell by US$0.50 from September 12, to close at US$7.752/MMBtu on September 19.  Compared to one year ago, the NG price increased by US$2.814.  The total supply of U.S. natural gas was 111 billion cubic feet in the week ending on 9/12, which is 0.4bcf/d less than a week ago and 5.3bcf/d more than a year ago.  Concerning U.S. demand, the last measured week reached 67.4bcf/d, down 2.7bcf/d from a week ago and up 3.5bcf/d during a year.

Electricity

The most recent U.S. key indicators for electricity (June 2022) represent a total net generation of 379,680 thousand MWh (+2.5% in one year), an average residential retail price of US$0.1542/kWh (+11.3% in one year), and coal consumption of 41,589 thousand tons (-13.3% in one year).

Electricity Generation (Megawatthours - average hourly peak loads/day):

Source Sep - 15 / 2022 Sep - 21/ 2022
Wind 52,758 50,988
Solar 17,254 16,169
Hydro 24,086 24,425
Other 9,790 10,815
Petroleum 943 981
Natural Gas 179,520 211,731
Coal 86,349 98,382
Nuclear 89,349 89,456
Total 460,138 502,946

EIA Price Forecast

Energy Type

Forecast 2023

WTI (dollars per barrel)

90.91

Brent (dollars per barrel)

96.91

Natural Gas (dollars per thousand cubic feet)

16.36

Electricity (cents per kilowatt-hour)

15.24

 

Fuel prices for selected countries in the EU – 9/19/22

  Euro-super 95 Automotive gas oil
Heating gas oil

Fuel oil   Fuel oil -
 > 1%
Sulfur
  1000L 1000L 1000L t t
Austria 1,705 1,933 1,576.91 786.7  
Belgium 1,675.19 1,934.36 1,118 547.04  
Bulgaria 1,476.63 1,614.17 1,769.25    
Croatia 1,449.05 1,859.6 1,263.05 948.48  
Cyprus 1,485.02 1,834.1 1,400.69 1,115.54  
Czechia 1,573.2 1,803.99 1,321.22 N.A  
Denmark 2,035.68 1,932.15 2,032.05 1,358.29  
Estonia 1,827 1,846 1,362    
Finland 2,012 2,102 1,676    
France 1,554.73 1,696.48 1,487.43 791.93  
Germany 1,985 2,034 1,517.63    
Greece 1,954 1,864 1,606 667.83  
Hungary 1,271.11 1,593.76 1,593.76 859.67  
Ireland 1,799 1,919 1,276.35 853.34  
Italy 1,691.49 1,803.09 1,771.42 734.56  
Latvia 1,735.18 1,802.68 1,327.56    
Lithuania 1,661.07 1,790.64 1,188.28   338.8
Luxembourg 1,640 1,782 1,204    
Malta 1,340 1,210 1,000    
Netherlands 1,945 1,979 1,872 730  
Poland 1,327.95 1,531.07 1,404.79 745.55 722.17
Portugal 1,695 1,760 1,784 1,010.16  
Romania 1,536.37 1,754.26 1,550.63 778.33  
Slovakia 1,642 1,847   766.09 759.48
Slovenia 1,449.93 1,760.46 1,405.11    
Spain 1,708.99 1,867.99 1,321.78 689.29  
Sweden 1,760.39 2,138.93 1,561.95 1,088.22  

 

Sources: https://www.eia.gov/ and https://energy.ec.europa.eu/


Keywords

  • energy prices
  • energy week review
  • EIA energy prices
  • petroleum prices
  • oil stocks

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