Energy

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


EIA expects low natural gas prices to continue in 2024

AJOT | March 13, 2024 | Energy | Alternative

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TODAY IN ENERGY: U.S. propane exports established a new record in December 2023

AJOT | March 12, 2024 | Energy

U.S. propane exports averaged a record 1.9 million barrels per day (b/d) in December 2023, the highest since we began collecting this data in 1973 in our Monthly Energy Review...

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IMC announces significant investment in electric and hydrogen technology at sustainability event

AJOT | March 11, 2024 | Energy | Green Shipping | Trucking

IMC Logistics, the largest marine drayage provider in the nation, announced a significant investment in sustainability at a special event in Compton, CA on March 6, 2024.

$3.24 billion methanol plant planned on Port of Lake Charles property
Energy
AJOT | Top Story | March 11, 2024

$3.24 billion methanol plant planned on Port of Lake Charles property

Lake Charles Methanol II LLC (“Lake Charles Methanol”) has announced plans to invest $3.24 billion to construct a new manufacturing plant that will produce low-carbon intensity methanol and other chemicals at the Port of Lake Charles.
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United States produces more crude oil than any country, ever

AJOT | March 11, 2024 | Energy | Conventional

The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in 2019...

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Rystad Energy data shows OPEC+ output jumped more than 200,000 bpd in February.

AJOT | March 08, 2024 | Energy | Conventional | By The Numbers

According to Rystad Energy data and research, crude production in OPEC+ countries increased by 212,000 barrels per day (bpd) in February over January output.

Yang Ming adopts biofuel for sustainable future
Energy
AJOT | Top Story | March 08, 2024

Yang Ming adopts biofuel for sustainable future

To respond to the 2050 net-zero emissions goal, Yang Ming is taking a significant step by adopting sustainable biofuel to its fleet, starting at Hong Kong and Singapore on 7th and 8th March.
US pause on new LNG export licenses may last months under review

Bloomberg | March 08, 2024 | Energy | Conventional

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Washington State’s emissions allowance program held its first auctions in 2023

AJOT | March 07, 2024 | Energy

Washington State wrapped up its first full year of auctions for tradable emission allowances in December, as the state considers joining an integrated regional greenhouse gas reduction program with California and Québec.

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The Port of Barcelona’s first OPS for container ships arrives at the BEST terminal

AJOT | March 07, 2024 | Energy | Alternative | Green Shipping | Ports & Terminals | Equipment and Tech

• The arrival of the BEST terminal OPS marks the beginning of the countdown to connect the first container ships next July. • The Port of Barcelona is holding meetings with several shipping companies to plan the arrival and connection of ships equipped with OPS connections.

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DHL renews partnership with Formula 1 and doubles biofuel-powered truck fleet

AJOT | March 06, 2024 | Energy | Alternative | Green Shipping | Trucking

DHL commemorates 20 years as the Official Logistics Partner of Formula 1®

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Mannok partners with Hydrogen Vehicle Systems (HVS) for groundbreaking hydrogen fuel cell truck trial

AJOT | March 06, 2024 | Energy | Alternative | Green Shipping | Trucking

• Mannok aims for net zero carbon by 2050 through a strategic partnership with HVS • Trials of HVS’ Hydrogen Fuel Cell Electric Vehicles (HFCEV) to start in late 2025 • Partnership will explore suitability of zero-emission HGV technology for possible adoption onto their fleet

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Reduced refinery activity puts upward pressure on gasoline and diesel prices

AJOT | March 06, 2024 | Energy

Since early January 2024, U.S. refinery utilization has decreased 11%, falling as low as 81% during the two weeks ending February 9 and February 16, and briefly dropped below the five-year (2019–23) low. Although U.S. retail average prices for gasoline and diesel are below 2023 prices for this time of year, decreasing regional inventories for the major U.S. refining regions increased retail prices for both fuels last month, according to our Gasoline and Diesel Fuel Update.

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