Based on what power plant owners and operators have reported to EIA, the total operating capacity of U.S. coal-fired power plants is scheduled to fall from 172 gigawatts (GW) in May 2025 to 145 GW by the end of 2028, according to our Preliminary Monthly Electric Generator Inventory. On a regional basis, 58% of the planned coal capacity retirements are in the Midwest and Mid-Atlantic regions.
In our Annual Energy Outlook 2025 (AEO2025), we project U.S. production growth of crude oil and natural gas remains relatively high through 2030 due to increasing U.S. exports of petroleum products and liquefied natural gas (LNG), as U.S. energy exports continue to be economical for international consumers.
California is set to lose 17% of its oil refinery capacity over the next 12 months because of two planned refinery closures. If realized, the closure of the facilities is likely to contribute to increases in fuel price volatility on the West Coast.
In 2024, the United States imported about 17% of its domestic energy supply, half of the record share set in 2006 and the lowest share since 1985, according to our Monthly Energy Review. The decline in imports' share of supply in the previous two decades is attributable to both an increase in domestic energy production and a decrease in energy imports since 2006.
In 2024, the United States consumed about 94 quadrillion British thermal units (quads) of energy, a 1% increase from 2023, according to our Monthly Energy Review. Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S. energy consumption in 2024. Nonfossil fuel energy—from renewables and nuclear energy—accounted for the other 18%. Petroleum remained the most-consumed fuel in the United States, as it has been for the past 75 years, and nuclear energy consumption exceeded coal consumption for the first time ever.
Trump's sweeping $3.4 trillion fiscal package is already creating opportunities for segments of the energy and climate industries that had fallen out of favor, struggled to grow, or haven't managed to break through.
Oil fell as Trump reignited tariff threats without targeting Russian energy exports directly.
North America added nine rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Rigzone talks to Carole Nakhle, the Chief Executive Officer of London based consultancy Crystol Energy.
Rigzone takes a closer look at the Energy Institute's latest statistical review of world energy report.