Energy

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

Canada’s Crude-by-Rail Terminals Sit Idle as Oil Glut Grows

Bloomberg | March 26, 2018 | Energy | Intermodal | Rail

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EIA’s estimates for Texas crude oil production account for incomplete state data

AJOT | March 26, 2018 | Energy | International Trade

Crude oil and lease condensate production data for Texas, published by EIA in its Petroleum Supply Monthly (PSM) and by the Texas Railroad Commission (TRRC), reflect differences in the treatment of incomplete and lagged data. Data published by state agencies are often incomplete when first published because of a combination of late reporting and processing delays.

Argentina eyes $500 million rail project to boost shale play

Bloomberg | March 23, 2018 | Energy | Intermodal | Rail

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Solar photovoltaic costs are declining, but estimates vary across sources

AJOT | March 21, 2018 | Energy | Alternative

Costs for utility-scale solar photovoltaic (PV) systems have declined in recent years—most sources show that system costs on a per-watt basis have fallen about 10% to 15% per year from 2010 through 2016.

Myanmar to Start $2.5 Billion Yangon Station Revamp by Mid-Year

Bloomberg | March 16, 2018 | Energy | Intermodal | Rail

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U.S. crude oil exports increased and reached more destinations in 2017

AJOT | March 15, 2018 | Energy | International Trade

U.S. crude oil exports grew to an average of 1.1 million barrels per day (b/d) in 2017, the second full year since restrictions on crude oil exports were removed. Crude oil exports in 2017 were nearly double the level of exports in 2016. Increased U.S. crude oil exports were supported by increasing U.S. crude oil production and expanded infrastructure.

Libyan Oil Is Back, at Least for Now, Vying With Saudis and Iraq

Bloomberg | March 15, 2018 | Energy | International Trade

Canadian Crude Is Finding a New Way to Asia Without a Pipeline

Bloomberg | March 14, 2018 | Energy | International Trade

Canadian Oil Curve Indicates Relief From Glut May Be on the Way

Bloomberg | March 14, 2018 | Energy | Intermodal

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The value of U.S. energy exports to Mexico exceeded import value for third year in a row

AJOT | March 14, 2018 | Energy | International Trade

In each of the past three years, the value of U.S. energy exports to Mexico has exceeded the value of U.S. energy imports from Mexico. Energy trade between Mexico and the United States has historically been driven by Mexico’s sales of crude oil to the United States and by U.S. exports of refined petroleum products to Mexico. As the United States has reduced crude oil imports from Mexico, the trade balance has shifted.

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Venezuela’s crude oil production declines amid economic instability

AJOT | March 13, 2018 | Energy

Venezuela’s crude oil production has been on a downward trend for two decades, but it has experienced significant decreases over the past two years. Crude oil production in Venezuela decreased from 2.3 million barrels per day (b/d) in January 2016 to 1.6 million b/d in January 2018.