Bloomberg | January 11, 2023 | Energy | Alternative
Korean conglomerate Hanwha Solutions pledged to invest more than $2.5 billion in US solar manufacturing, a boost to the Biden administration’s efforts to reduce the nation’s dependence on China for its panel supply.
The Biden-Harris Administration today released the U.S. National Blueprint for Transportation Decarbonization. Developed by the Departments of Energy, Transportation, Housing and Urban Development, and the Environmental Protection Agency, the Blueprint is a landmark strategy for cutting all greenhouse emissions from the transportation sector by 2050.
In our January 2023 Short-Term Energy Outlook, we forecast the Brent crude oil price (the global benchmark) will rise from an average $81 per barrel (b) in December 2022 to average $83/b in the first quarter of 2023 (1Q23). We expect this forecast increase to follow the upcoming EU ban on seaborne imports of petroleum products from Russia, effective February 5.
Bloomberg | January 10, 2023 | Energy | Maritime | Bulk
Frontline Plc, the shipping giant controlled by billionaire John Fredriksen, gave up plans to buy Euronav NV and create the world’s largest publicly listed oil-tanker company after opposition from one of Belgium’s oldest shipping families.
Average wholesale electricity prices at major trading hubs in the United States rose throughout much of 2022 and were, at times, volatile as a result of extreme weather events. The limited availability of coal to substitute for higher-priced natural gas also contributed to higher electricity prices.