Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
| February 21, 2020 | Energy
| February 21, 2020 | Energy
| February 21, 2020 | Energy
A buyer of liquefied natural gas has canceled two cargoes from Cheniere Energy Inc., the biggest U.S. exporter, as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.
| February 20, 2020 | Energy
EIA’s recently released Annual Energy Outlook 2020 (AEO2020) projects that U.S. energy consumption will grow more slowly than gross domestic product (GDP) through 2050 as energy intensity continues its decades-long trend of decline through the AEO2020 forecast period. Energy intensity is a measure of how efficiently the economy uses energy to produce every dollar of GDP.
| February 20, 2020 | Energy
Brazil’s natural gas demand is set to climb to a record in 2020‒2021 at 39 billion cubic meters (bcm) per year, giving the country one of its biggest demand-supply deficits in history.
| February 20, 2020 | Energy
Indonesia’s production of both oil and gas will most likely fall in 2020, a Rystad Energy analysis shows, despite the country’s official projections of a combined 8% growth year-on-year.
| February 20, 2020 | Energy | International Trade
| February 20, 2020 | Energy | International Trade
| February 19, 2020 | Energy | International Trade
| February 19, 2020 | Energy | Conventional | By The Numbers
In the February 2020 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that global liquid fuels demand will average 101.7 million barrels per day (b/d) in 2020, 1.0 million b/d more than the 2019 average but 378,000 b/d less than was forecast in the January 2020 edition of the STEO.
| February 19, 2020 | Energy | Conventional
| February 19, 2020 | Energy | Alternative
| February 14, 2020 | Energy | Conventional | By The Numbers
Recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to upcoming wells. Meanwhile global oil firms are preparing to spend more than $53 billion in Guyana’s coveted Stabroek Block during the coming decade, Rystad Energy research shows.
| February 14, 2020 | Energy | Conventional | By The Numbers
This winter, natural gas prices have been at their lowest levels in decades. On Monday, February 10, the near-month natural gas futures price at the New York Mercantile Exchange (NYMEX) closed at $1.77 per million British thermal units (MMBtu).
| February 13, 2020 | Energy | Conventional | Intermodal | Rail
Protests against a natural gas pipeline are crippling Canada’s railways -- key economic arteries in the sprawling, trade-dependent nation -- and prompting cries of “insanity” and “ecoterrorism” from business leaders.
| February 13, 2020 | Energy | Conventional | Maritime | Bulk
| February 13, 2020 | Energy | Ports & Terminals
| February 13, 2020 | Energy
Natural gas consumption in the United States has two seasonal peaks, largely reflecting weather-related fluctuations in energy demand. In the winter months, cold weather leads to more demand for heating in the residential and commercial sectors. In the summer months, warm weather leads to more demand for air conditioning and, in turn, more demand for electricity.
| February 13, 2020 | Energy
The coronavirus outbreak in China will curb global oil demand growth by at least a quarter this year, and the production cuts of 600,000 barrels per day (bpd) proposed by an OPEC+ committee are far from enough to balance the market, a Rystad Energy analysis shows.
| February 12, 2020 | Energy
Industry leaders privately warned the Trump administration that the U.S. will struggle to produce the oil, gas and other energy products that China has committed to buy in a new trade deal, raising additional questions about one of the president’s signature economic achievements.
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