Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Inflation Reduction Act will attract an extra $270 billion in US wind and solar investments by 2030
| 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
US Set to Ship Record Crude Into 2023 as Energy Crisis Deepens
| August 24, 2022 | Energy | Conventional
U.S. natural gas price saw record volatility in the first quarter of 2022
| 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
| August 24, 2022 | Energy | Conventional | By The Numbers
Israel Plans Gas Exports to Europe as Output Surges by 22%
| August 24, 2022 | Energy | Conventional
Daily U.S. electricity generation from natural gas hit a record in mid-July
| 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.
China extends its purchased tax exemption on EVs and focuses on changing infrastructure – Rystad Energy
| 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
Russian crude output rebounds strongly, but hard times lie ahead
| 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
Venezuela Ordered to Pay ConocoPhillips $8.7 Billion Over Asset Seizures
| August 22, 2022 | Energy | Conventional
UAE Expands Non-Oil Trade to $435 Billion After Striking Pacts
| August 22, 2022 | Energy | Conventional
Mozambique to Export First LNG as Global Natural-Gas Prices Soar
| August 19, 2022 | Energy | Conventional | International Trade
U.S. ethane production forecast to grow by 9% in second half of 2022
| August 19, 2022 | Energy | Conventional
Germany’s Drive to Replace Russian Gas Can’t Rely on Canada
| August 19, 2022 | Energy | Conventional
Lure of Big Profits Draws Veteran Ships to Russian Oil Trade
| August 19, 2022 | Energy | Conventional
Swiss to Release More Fuel With Rhine Traffic Near Standstill
| August 19, 2022 | Energy | Conventional
Global Maritime Services launches marine advisory for the FSRU & LNG sector
| August 18, 2022 | Energy
Global Maritime Services Ltd. (GMS) has announced the launch of its new Marine Department, a marine advisory service for the offshore oil and gas sector. Customers will be able to take advantage of GMS’s expertise to secure their Floating Storage and Regasification Unit (FSRUs) and Liquified Natural Gas (LNG) Sector ventures.
Record breaking increases in motor fuel prices in 2022
| August 18, 2022 | Energy | Intermodal | Trucking
From January to June 2022, the price of regular motor gasoline rose 49% and the price of diesel fuel rose slightly more at 55%. Fuel prices have risen since declining in early 2020 during the economic recession and the period when many states adopted stay-at-home orders in response to COVID-19 (figure 1). Fuel prices declined from June to July 2022 but remain more than twice as much as their level in early 2020.
U.S. natural gas exports to Mexico are increasing at the West Texas border
| August 18, 2022 | Energy
Natural gas pipeline exports from West Texas to Mexico averaged 1.6 billion cubic feet per day (Bcf/d) during May 2022—the most pipeline exports from West Texas on record, according to our most recent monthly data. Compared with 2021, U.S. pipeline exports from West Texas increased by 12% from January through May 2022 to average 1.4 Bcf/d.
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