The COVID Project
The record
- Jurisdiction
- United States
- Level
- Federal
- Authority
- 15 U.S.C. 772 (EIA); statistical report
- Issued
- 2020-06-09 June 9, 2020
- Effective
- n/a (report) (read as 2020-06-09)
- End
- n/a (read as 2020-06-30)
- In force
- June 9, 2020 to June 30, 2020
- Quarters
- 2020 Q2
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- Functions reached
- CB (demand for the industry's product under the stay-home and travel orders)
- DR (rig count)
- EX
- Collection
- Mining, Oil and Gas, and Energy Services SEC-23
Operative words
EIA forecasts that demand for global petroleum and liquid fuels will average 83.8 million barrels per day (b/d) in the second quarter of 2020, 16.6 million b/d lower than at the same time last year. Lower demand is the result of COVID-19-related shutdowns throughout much of the world. As stay-at-home orders are eased, EIA expects liquid fuels consumption will rise... EIA expects jet fuel consumption to fall by 64% year-over-year in the second quarter of 2020, while gasoline consumption falls by 26% and distillate consumption falls by 17%.... EIA estimates U.S. crude oil production fell from a record 12.9 million b/d in November 2019 to 11.4 million b/d in May 2020 as Baker Hughes reported the fewest active drilling wells in the United States in their records which go back to 1987.... This 2020 production decline would mark the first annual decline since 2016.
Enforcement
Notes
Facts and circumstances from the federal statistical agency: the causal chain from 'stay-at-home orders' to demand to production to drilling, in EIA's words.
Retrieval note3413563 bytes; context, not an order.