Energy

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.

Ørsted partners with Mission Clean Energy to develop 1 GW of storage projects across the Midwest

AJOT | August 08, 2024 | Energy | Alternative

Partnership broadens Ørsted’s portfolio of U.S. clean energy technologies and marks its first joint venture into standalone storage development

Signal Ocean Tanker - Weekly Market Monitor – week 32

AJOT | August 08, 2024 | Energy | Maritime | Bulk

This week's chart shows that the growth in ton days for dirty tankers has slowed since May compared to last year, with a continued decline into August.

Jet fuel demand spike in China is a rare boost for refiners

Bloomberg | August 08, 2024 | Air Cargo | Airlines | Energy

Jet fuel demand in China is on the mend as flights return to the skies, offering some support to domestic refiners grappling with muted diesel and gasoline consumption that’s weighed on the industry.

Domestic uranium market will grow between 2023 and 2024

AJOT | August 08, 2024 | Energy | Alternative

Uranium miners in the United States produced more than 82,000 pounds of uranium concentrate in the first quarter of 2024, more than in all of 2023.

EPA probes biodiesel supply chains as fraud concerns mount

Bloomberg | August 08, 2024 | Energy | Alternative

UAE bans Eswatini-flagged ships in fresh shadow-fleet crackdown

Ulsan Port Authority signs equity investment agreement to create publicly-led alternative marine fuel supply chain

• Invested KRW 24 billion (US$17.6 million) in tank terminal to create alternative marine fuel supply chain • Securing alternative marine fuel storage facilities for the 2027 Korea-US Green Shipping Corridors

Nations can use battery recycling to augment precious minerals and cut geopolitical risks, says Cleantech Group

Titan NRG, Inc. secures major propane contract with Southern Arizona reservation

AJOT | August 07, 2024 | Energy

OrbitMI takes innovative tack to navigate complexities of LNG operations

Transportation of LNG entails complex decision-making processes that must be managed effectively to ensure operational efficiency and environmental compliance.

What is the outlook for U.S. natural gas inventories at the end of injection season?

AJOT | August 07, 2024 | Energy

In our latest Short-Term Energy Outlook, we forecast that U.S. working natural gas inventories will be 3,954 billion cubic feet (Bcf) by the end of October, the most natural gas in U.S. storage since November 2016.

Canada hits surprise trade surplus on energy, gold exports

Bloomberg | August 06, 2024 | Energy | International Trade

Canada unexpectedly recorded a C$638 million ($461 million) trade surplus in June as an expanded crude oil pipeline and surging global demand for gold drove exports higher.

Global oil demand growth to cool as China slows down, EIA says

Bloomberg | August 06, 2024 | Energy

EIA expects mixed bag for energy prices in 2024

AJOT | August 06, 2024 | Energy

The U.S. Energy Information Administration (EIA) expects that U.S. residential electricity prices will increase by about 1% in 2024, the slowest rate of year-over-year growth since 2020.

Economic concerns and stock market selloffs push prices down, more bearishness could come - Rystad Energy’s Oil Macro Market Update

AJOT | August 06, 2024 | Energy

As expected, Brent crude oil prices continued their recent downward trend last week, fluctuating between $77 and $81 per barrel, before the sell-off over the weekend and on Monday.

Bernhard Schulte Shipmanagement joins SEA-LNG

AJOT | August 06, 2024 | Energy | Green Shipping | Maritime

World’s largest third-party ship manager of gas carriers becomes first ship manager to join SEA-LNG coalition

U.S. airlines’ June 2024 fuel cost per gallon down 4.1% from May 2024

AJOT | August 06, 2024 | Air Cargo | Airlines | Energy

Aviation fuel consumption up 4.2% from pre-pandemic June 2019

U.S. imports of renewable diesel increased in the early months of 2024

AJOT | August 06, 2024 | Energy | Alternative

In the first five months of 2024, U.S. imports of renewable diesel averaged 30,000 barrels per day (b/d), approaching the monthly record set in May 2023.

The most coal is stockpiled at U.S. power plants since 2020

AJOT | August 05, 2024 | Energy

In the United States, coal is typically consumed by power plants following the seasonal pattern of electricity generation; most coal consumption occurs during the summer and winter. Because power plants consume more coal during the warm summer months, power plants typically begin increasing their coal stocks in the spring as plant operators prepare.

GT Wings partners with A2O Manufacturing & KS Composites for cutting-edge AirWing™ technology

GT Wings (“GT”) has announced the selection of A2O Manufacturing ( “A2OM”) in collaboration with KS Composites (“KS”) as the composites manufacturer for its innovative AirWing™ technology.

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