The U.S. average retail price for regular gasoline fell to $2.42 a gallon on Monday. That's down 3.6 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $2.42 a gallon on Monday. That's down 3.6 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel fell to $2.91 a gallon on Monday. That's down 4.6 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

Henry Hub natural gas spot prices averaged $2.02 per million British thermal units in January according to the U.S. Energy Information Administration. Typically, January natural gas prices are among the highest of the year; however, warmer-than-normal January temperatures across much of the northern hemisphere contributed to the lowest average January spot price in many years. After beginning 2018 and 2019 with low U.S. working natural gas inventories, EIA forecasted that normal winter temperatures in the first quarter of 2020, along with production growth, would bring total inventories back over the five-year average this winter. So far this winter, temperatures have actually been warmer than normal, and EIA estimates that in January there were 18% fewer heating degree days in the United States than the prior ten-year average. As a result of reduced space heating demand, U.S. natural gas working inventories ended January 9% above the five-year average, higher than previously forecasted. In its February Short-Term Energy Outlook, EIA forecasts that at the close of the April-October injection season, working inventories will reach almost 4.1 trillion cubic feet on October 31, which would be the highest end-of-October inventory record on level. Expecting inventories to remain elevated as winter heating season winds down, EIA forecasts that Henry Hub natural gas prices will average $2.21 per million British thermal units in 2020, down from $2.57 per million British thermal units in 2019. In 2021, EIA expects natural gas prices to increase, reaching an average annual price of $2.53 per million British thermal units.

The U.S. average retail price for on-highway diesel fuel fell to $2.89 a gallon on Monday. That's down 2 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline rose to $2.47 a gallon on Monday. That's up 3.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline rose to $2.47 a gallon on Monday. That's up 3.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel fell to $2.88 a gallon on Monday. That's down 8 tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel fell to $2.85 a gallon on Monday. That's down 3.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $2.38 a gallon on Monday. That's down 4.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $2.38 a gallon on Monday. That's down 4.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel fell to $2.81 a gallon on Monday. That's down 3.7 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. Energy Information Administration forecasts that U.S. dry natural gas production will average 95.3 billion cubic feet per day in 2020, up 3% from 2019. However, EIA expects monthly production to generally decline through 2020, falling from an estimated 96.3 billion cubic feet per day in January to 92.3 billion cubic feet per day in December. Most of the decline in production will occur in the Appalachian and Permian regions. In the Appalachian region, low natural gas prices are discouraging drilling for natural gas. In the Permian, low oil prices are expected to reduce the associated production of natural gas from wells drilled to produce oil. In its March Short-Term Energy Outlook, EIA forecasts that U.S. dry natural gas production will average 92.6 billion cubic feet per day in 2021, down 3% from 2020. This would be the first decline in average annual natural gas production since 2016.

The U.S. average retail price for regular gasoline fell to $2.25 a gallon on Monday. That's down 12.7 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $2.25 a gallon on Monday. That's down 12.7 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel fell to $2.73 a gallon on Monday. That's down 8.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $2.12 a gallon on Monday. That's down 12.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $2.12 a gallon on Monday. That's down 12.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel fell to $2.66 a gallon on Monday. That's down 7.4 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $2.01 a gallon on Monday. That's down 11 1/2 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $2.01 a gallon on Monday. That's down 11 1/2 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel fell to $2.59 a gallon on Monday. That's down 7.3 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $1.92 a gallon on Monday. That's down 8.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $1.92 a gallon on Monday. That's down 8.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel fell to $2.55 a gallon on Monday. That's down 3.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. Energy Information Administration is forecasting that U.S. energy-related carbon dioxide emissions (CO2) will decrease by 7.5% in 2020, driven by the economic slowdown and restrictions on business and travel activity related to COVID-19. This follows a 2.7% decrease in emissions in 2019. EIA forecasts that energy-related CO2 emissions will then increase by 3.6% in 2021. In its April Short-Term Energy Outlook, EIA estimates that in 2020, CO2 emissions from petroleum will decrease 7% and from coal will decrease 18.4%. EIA creates estimates of energy-related CO2 emissions based on energy consumption and on the amounts of CO2 that are released when different fuels are burned. Total CO2 emissions depend on total energy consumption and the fuel mix of the energy consumed. When it is burned, coal creates the most CO2 of the major fossil fuels. However, because more petroleum products (such as motor gasoline) are consumed than coal, petroleum is the largest source of CO2 emissions in the United States. Natural gas is the least carbon-intensive fossil fuel, but in recent years, because of its increasing consumption, it generates more U.S. CO2 emissions than coal. Non-fossil fuels such as nuclear power and renewable generation emit no direct CO2 at the end use. As these noncarbon generation sources increasingly enter the fuel mix, energy demand can be met without a proportional increase in energy-related CO2.

In its April Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that U.S. electricity generation will decline by 3% in 2020 as a result of the COVID-19 related economic slowdown. Most new generating capacity built in 2020 will use renewable energy sources. EIA expects renewable generation to grow by 11% in 2020. Although EIA expects renewable energy to be the fastest growing source of U.S. electric generation in 2020, the economic slowdown will reduce the total amount of new generating capacity over the next few months. The electric power sector will add 19.4 gigawatts of new wind capacity and 12.6 gigawatts of utility-scale solar capacity in 2020. These annual wind and solar capacity additions are 5% and 10% less, respectively, than EIA forecast in its March outlook. This update combined with EIA's forecast lower overall electricity demand, leads to a decline in U.S. fossil fuel generation, especially at coal-fired power plants. EIA expects that coal generation will fall by 20% in 2020.

As a result of the global economic slowdown related to COVID-19, the U.S. Energy Information Administration estimates that global petroleum and liquids consumption will average 95.5 million barrels per day in 2020, down 5.2 million barrels per day from 2019. EIA forecasts that U.S. oil consumption will decline 6.5% in 2020 to average 19.1 million barrels per day, which would be the largest percentage decline in U.S. consumption since 1980. At the same time, in its April 2020 Short-Term Energy Outlook, EIA expects global oil supply to increase in the coming months from first-quarter 2020 levels. Total world liquids supply will average 98.7 million barrels per day through the third quarter of 2020. These supply and demand developments are contributing to a significant increase in liquid fuels inventories. EIA estimates that second-quarter 2020 global petroleum inventories will increase an average 11.4 million barrels per day. Within the Organization for Economic Cooperation and Development, the most stocks recorded in historical data were in July 2016 at 3.1 billion barrels. EIA forecasts inventories will surpass this level as production continues to outpace consumption. EIA expects these large stock builds will put downward pressure on crude oil prices for several months. Brent crude oil prices averaged 32 dollars per barrel in March, the lowest monthly average since January 2016. EIA forecasts Brent crude oil to average 23 dollars per barrel during the second quarter of 2020 before increasing to an average 46 dollars per barrels in 2021.

In the April Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that the United States will again become a net importer of crude oil and petroleum products in the third quarter of 2020 and remain a net importer in most months through 2021. More net imports of crude oil and less net exports of petroleum products drove this change. EIA expects net crude oil imports to increase because as U.S. crude oil production declines, fewer barrels will be available for export. Net exports of petroleum products will be lowest in the third quarter of 2020, when U.S. refinery runs will decline significantly because of lower demand for refined products. In September 2019, the United States exported more crude oil and petroleum products than it imported for the first month since records began in 1973. EIA previously expected the United States to continue as a net exporter in most months through 2021. However, as a result of recent significant changes in global oil market dynamics, EIA now expects U.S. imports and exports will be even in 2020. It is important to note that the April outlook is subject to heightened levels of uncertainty because the impacts of the 2019 novel coronavirus disease on energy markets are evolving.

The U.S. average retail price for regular gasoline fell to $1.85 a gallon on Monday. That's down 7.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $1.85 a gallon on Monday. That's down 7.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel fell to $2.51 a gallon on Monday. That's down 4.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $1.81 a gallon on Monday. That's down 4.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $1.81 a gallon on Monday. That's down 4.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel fell to $2.48 a gallon on Monday. That's down 2.7 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline fell to $1.77 a gallon on Monday. That's down 3.9 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration

The U.S. average retail price for regular gasoline fell to $1.77 a gallon on Monday. That's down 3.9 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel fell to $2.44 a gallon on Monday. That's down 4.3 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel fell to $2.40 a gallon on Monday. That's down 3.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

CEOs are more optimistic about growth than international counterparts, despite concerns about over-regulation and the Government's response to Australia's fiscal deficit, according to a PwC report launched today.

The sale of New South Wales' and Queensland's utility assets will be among the most eagerly anticipated power deals globally in 2015, according to a PwC report released today.

If we continue to ignore the rising economic success of our Asian neighbours we will lose our place as a G20 economy by 2030.

On Friday 28 February at 4.30am Sydney time, PwC will host its second global forum to students around the world.

PwC Chief Executive Luke Sayers today announced the members of an external advisory board charged with moving the firm towards greater diversity and inclusion among its people.

The key to Japan's economic future lies in growing it's engagement with the countries on its doorstep, according to a PwC report released today.

The pace and scale of disruption in the power and utilities sector is happening faster than expected.

Young leaders from Australia and China are working together to provide creative solutions to issues facing both countries as part of the China Australia Millennial Project (CAMP).

The global mining industry's fight for value and free cash flow has descended into a brawl, after 2014 saw the world's 40 largest miners ramp up production, slash capital spending, and rein in costs.

Australian entertainment and media market is forecast to grow to $43.4 billion by 2019, a compound annual growth rate of 4.2 percent.

Two young Australian innovators are ready to take their ventures to the next level after sharing in $20,000 in seed funding from PwC during a live pitching event held by the Foundation for Young Australians.