Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
US crude oil exports increased to nearly 3 million barrels per day in 2019

AJOT | March 12, 2020 | Energy

U.S. crude oil exports averaged 2.98 million barrels per day (b/d) in 2019, up 45% (930,000 b/d) from 2018. This growth in U.S. crude oil exports was driven by increasing U.S. crude oil production, expanding domestic infrastructure, and increasing global demand for light, low-sulfur crude oils. The number of destinations for U.S. crude oil exports also increased from 41 to 44. Canada received the largest share of U.S. crude oil exports at 459,000 b/d (15%), followed by South Korea at 426,000 b/d (14%).

Jet fuel demand battered as Trump ban deepens market gloom

Bloomberg | March 12, 2020 | Air Cargo | Airlines | Energy

With oil this cheap, why bother going green?

Bloomberg | March 12, 2020 | Energy

Coal’s sell-by date just moved closer

Bloomberg | March 11, 2020 | Energy | International Trade
Shale tycoon seeks US dumping probe into Saudi oil flood

Bloomberg | March 11, 2020 | Energy | International Trade

Shale billionaire Harold Hamm intends to file a complaint with the U.S. Department of Commerce against Saudi Arabia for “illegal” dumping of crude that sent oil prices into a tailspin earlier this week.

Alberta ready to cut oil output to ensure producers’ survival

Bloomberg | March 11, 2020 | Energy | Intermodal | Rail

Texas oil-export hub set to slash spending after market meltdown

Bloomberg | March 10, 2020 | Energy | Ports & Terminals

Crude collapse to crush US petchem advantage

AJOT | March 10, 2020 | Energy
Out of service? OFS firms brace for bankruptcies as price war could slash $250 billion off E&P budgets

AJOT | March 10, 2020 | Energy

The total capital and operational expenditure of exploration and production companies (E&Ps) is now likely to be cut by $100 billion in 2020 and another $150 billion in 2021 if oil prices remain on a $30 level, a Rystad Energy impact analysis revealed – a development that will heavily impact service company revenues, driving some out of the market.
Trish Skoglund joins Crowley Fuels to lead sales and supply for Alaska

AJOT | March 09, 2020 | Energy | Conventional | People | Appointments

Trish Skoglund has been appointed vice president of sales and supply for Crowley Fuels LLC, one of Alaska’s leading petroleum transportation, distribution and sales companies serving more than 280 communities throughout the state.

A Recycling Plan to Clear Wind Turbine Blades From Graveyards

Bloomberg | March 09, 2020 | Energy | Alternative
Coronavirus now poised to wipe out most of 2020 oil demand growth, no OPEC cure in sight

AJOT | March 05, 2020 | Energy

The spread of coronavirus continues to deepen the severity of the blow to global fuels demand. Rystad Energy now expects more than half of global oil demand growth to be lost in 2020. As global stocks increase by the day, the ongoing OPEC+ meeting is unlikely to result in cuts sufficient enough to balance the market, under all of our scenarios.
Deadlocked in Papua New Guinea

AJOT | March 03, 2020 | Energy | Conventional

Multibillion LNG projects set for delays as negotiations hit wall
U.S. natural gas consumption sets new record in 2019

AJOT | March 03, 2020 | Energy | Conventional | By The Numbers

U.S. natural gas consumption increased by 3% in 2019, reaching a record of 85.0 billion cubic feet per day (Bcf/d), according to the U.S. Energy Information Administration’s (EIA) recently released Natural Gas Monthly. New natural gas-fired electric capacity and lower natural gas prices led the increase in domestic natural gas consumption.

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