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Thursday, 15 July 21
U.S. FOSSIL FUEL CONSUMPTION FELL BY 9% IN 2020, THE LOWEST LEVEL IN NEARLY 30 YEARS - EIA
 U.S. fossil fuel consumption fell by 9% in 2020, the lowest level in nearly 30 years
In 2020, total consumption of fossil fuels in the United States, including petroleum, natural gas, and coal, fell to 72.9 quadrillion British thermal units (Btu), down 9% from 2019 and the lowest level since 1991, according to our Monthly Energy Review. Our new chart of U.S. fossil fuel consumption by source and sector shows how each sector consumes fossil fuels. The chart also shows fossil fuels used for industrial non-combustion or nonfuel purposes, for example, in making plastics and chemicals.
Last year marked the largest annual decrease in U.S. fossil fuel consumption in both absolute and percentage terms since at least 1949, the earliest year in our annual data series. Economic responses to the COVID-19 pandemic in 2020, including a 15% decrease in energy consumption in the U.S. transportation sector, drove much of the decline. The United States also had relatively warmer weather in 2020, which reduced demand for heating fuels.
We convert sources of energy to common units of heat, called British thermal units (Btu), to compare different types of energy that are usually measured in units that are not directly comparable.
Petroleum products, including motor gasoline, distillate fuel oil (diesel), and hydrocarbon gas liquids (HGLs), accounted for 44% of U.S. fossil fuel consumption in 2020. Every sector consumes petroleum, but the transportation sector accounted for about 68% of total petroleum consumption in 2020. Overall, U.S. petroleum consumption fell 13% in 2020 from 2019.
Natural gas accounted for 43% of U.S. fossil fuel consumption in 2020, the largest annual share on record. Every sector consumes natural gas, but the electric power sector accounted for a record-high 38% of total natural gas consumption to generate electricity and heat in 2020. Over 80% of the fossil fuel energy directly consumed in the residential and commercial sectors is natural gas, and it is mostly used for space heating. Overall, U.S. natural gas consumption decreased 2% in 2020 from 2019.
Coal accounted for 13% of U.S. fossil fuel consumption in 2020, the lowest annual share since 1949. Overall, U.S. coal consumption fell 19% in 2020 from 2019, the largest annual decrease on record. The electric power sector consumed about 90% of total coal consumption to generate electricity and heat in 2020. Coal used for electricity generation has steadily declined over the past decade, although we expect it to increase this year, according to the June update of our Short-Term Energy Outlook.
Nonfuel use of fossil fuels accounted for about 8% of U.S. fossil fuel consumption in 2020. Fossil fuels can be consumed—and not combusted, or burned—when they are used directly as construction materials, chemical feedstocks, lubricants, solvents, and waxes. HGLs accounted for 48% of U.S. nonfuel use of fossil fuels in 2020.
Principal contributor: Mickey Francis
Source: EIA
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Thursday, 24 June 21
FEBRUARY'S INCREASE IN COAL-FIRED ELECTRIC GENERATION REDUCED U.S. COAL STOCKPILES - EIA
Coal stockpiles at U.S. power plants decreased significantly from December 2020 to February 2021, including a draw of nearly 16 million tons in Feb ...
Wednesday, 23 June 21
MARKET INSIGHT - INTERMODAL
The first half of 2021 has brought a very sharp and continued recovery in the dry bulk market and while many where expecting a relatively strong ma ...
Thursday, 17 June 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR GLOBAL SEABORNE COAL TRADE; CHINA'S COAL IMPORTS - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade.
Total global loadings in the 12 months of 2020 were down -12 ...
Thursday, 17 June 21
FITCH RATINGS RAISES SHORT-TERM OIL AND GAS PRICE ASSUMPTIONS
Fitch Ratings has increased its 2021 and 2022 oil price assumptions for the Brent and West Texas Intermediate (WTI) benchmarks due to stronger year ...
Wednesday, 16 June 21
MARKET INSIGHT - INTERMODAL
“While approaching the second half of the year and summer season is just around the corner, COVID vaccination programs are steadily moving fo ...
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- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
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