Energy

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


Biden administration urges fuel-export cuts to restock Northeast
Energy
Bloomberg | Top Story | August 26, 2022

Biden administration urges fuel-export cuts to restock Northeast

The Biden administration is warning refiners that it may take “emergency measures” to address fuel exports as stockpiles of gasoline and diesel fuel remain near historically low levels in the Northeast.
VW’s trucking CEO sees electric rigs hauling timber in the cold
Energy
Bloomberg | Top Story | August 26, 2022

VW’s trucking CEO sees electric rigs hauling timber in the cold

Christian Levin, who heads Traton and Scania, on why batteries will be the dominant technology for commercial vehicles.
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Plug Power surges on Amazon deal to supply green hydrogen

Bloomberg | August 25, 2022 | Energy | Alternative

Amazon.com Inc. agreed to buy enough carbon-free hydrogen from Plug Power Inc. to run 30,000 forklifts or 800 long-haul trucks annually in a push to use less fossil fuel. Plug’s shares surged.

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Owners of coal-fired generating plants seek greater fuel flexibility

AJOT | August 25, 2022 | Energy | Conventional

The amount of electric power produced from coal has been steadily declining in the United States over the past 10 years, falling to a 46-year low of 773,393 gigawatthours (GWh) in 2020.

OPEC+ Deepens Support for Saudi Call to Weigh Supply Curbs

Bloomberg | August 25, 2022 | Energy | Conventional

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TotalEnergies completes COSCO’s first bunkering of marine biofuel

AJOT | August 25, 2022 | Energy | Maritime | Liner Shipping

TotalEnergies Marine Fuels has successfully completed the first refuelling of a COSCO Shipping Lines containership with sustainable marine biofuel. This operation marks TotalEnergies’ first biofuel bunkering operation for a containership in Singapore.

Russian seaborne coal exports effectively halted by EU ban

Bloomberg | August 25, 2022 | Energy | Conventional

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Port of Oakland takes major step on clean energy project

AJOT | August 24, 2022 | Energy | Alternative | Ports & Terminals | Ports

$2 million renewable energy infrastructure design approved for Oakland Seaport

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Most U.S. fuel ethanol production capacity at the start of 2022 was in the Midwest

AJOT | August 24, 2022 | Energy | By The Numbers

As of January 1, 2022, biofuel plant production capacity in the United States reached 21 billion gallons per year (gal/y) from 275 facilities. More than four-fifths of U.S. biofuel production capacity was for fuel ethanol.

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Inflation Reduction Act will attract an extra $270 billion in US wind and solar investments by 2030

AJOT | August 24, 2022 | Energy | Alternative | By The Numbers

The Inflation Reduction Act is set to boost installed solar and onshore wind capacity in the US by 40% by 2030, with an extra 155 gigawatts (GW) of capacity expected to come online this decade, Rystad Energy research shows.

India to tell US that Russia oil price cap needs consensus
Energy
Bloomberg | Top Story | August 24, 2022

India to tell US that Russia oil price cap needs consensus

India will seek broader consensus before it supports US-led efforts to cap the price of Russian oil, which American officials are expected to push for this week when they travel to Mumbai and New Delhi.
US Set to Ship Record Crude Into 2023 as Energy Crisis Deepens

Bloomberg | August 24, 2022 | Energy | Conventional

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U.S. natural gas price saw record volatility in the first quarter of 2022

AJOT | August 24, 2022 | Energy | Conventional | By The Numbers

U.S. natural gas price volatility (a measure of daily price changes) reached its highest level in 20 years, hitting record highs in the first quarter (January–March) of 2022.

Russia’s influence on gas prices extends beyond Europe - Rystad Energy

AJOT | August 24, 2022 | Energy | Conventional | By The Numbers

Israel Plans Gas Exports to Europe as Output Surges by 22%

Bloomberg | August 24, 2022 | Energy | Conventional

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Daily U.S. electricity generation from natural gas hit a record in mid-July

AJOT | August 23, 2022 | Energy | Conventional | By The Numbers

In the U.S. Lower 48 states, electric power generated by natural gas-fired power plants reached 6.37 million megawatthours on July 21, 2022, according to our Hourly Electric Grid Monitor.

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China extends its purchased tax exemption on EVs and focuses on changing infrastructure – Rystad Energy

AJOT | August 23, 2022 | Energy | Alternative | By The Numbers

China extends purchase tax exemption tax on NEVs (Battery Electric, Plug-In Hybrid and Fuel Cell); puts focus on charging infrastructure

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Russian crude output rebounds strongly, but hard times lie ahead

AJOT | August 23, 2022 | Energy | Conventional | By The Numbers

Russia has so far demonstrated high resilience to the unprecedented pressure imposed by Europe and the US – but the worst is yet to come, according Rystad Energy research.

Diesel Profit Margins Soar to 30-Year Seasonal High as Supply Worries Grip the US
Energy
Bloomberg | Top Story | August 22, 2022

Diesel Profit Margins Soar to 30-Year Seasonal High as Supply Worries Grip the US

Diesel is fetching the highest premium to crude oil for this time of year in data going back more than 30 years.

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