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US Exported 662,000 B/D of Crude in May, Highest on Record: EIA

Jul 29, 2016

US crude exports jumped to their highest level on record in May, coming in at 662,000 b/d, monthly data from the US Energy Information Administration showed Friday. Exports are up from 591,000 b/d in April and have been up steadily from ...

Tags: crude exports, US crude

US DOE Investing $10.5m in Nine Solid-State Lighting R& D Projects

Jun 15, 2016

Building on the new commitments to the Global Lighting Challenge announced in early June during the Clean Energy Ministerial, the US Department of Energy (DOE) is announcing funding for nine research and development projects that will ...

Tags: DOE, SSL, LED

Oil Prices to Remain Low Well Into 2016

Dec 29, 2015

Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...

Tags: Oil Prices, Crude Oil

North American Coal Industry Faces More Declines in 2016: Moody's

Dec 15, 2015

The North American coal industry remains negatively positioned for 2016 with thermal coal facing a slow, long-term decline and metallurgical coal prices unlikely to recover within the next 12 months, a Moody's Investors Service note said ...

Tags: Coal Industry, thermal coal, metallurgical coal

Nymex January Natural Gas Settled at $1.990/Mmbtu, Down 2.5 Cents

Dec 15, 2015

The NYMEX January natural gas futures contract settled at $1.990/MMBtu Friday, down 2.5 cents. A prompt-month contract has not settled lower since reaching $1.975/MMBtu on April 24, 2012. The fall in the January contract comes as the ...

Tags: Natural Gas, temperatures, prices

Exxonmobil Gets Green Light for Argentinian Shale Development

Dec 15, 2015

The government of Neuquen, a southwestern province of Argentina, said Monday it has approved ExxonMobil's investment plan for developing shale resources in the Bajo el Choique and La Invernada blocks. The company will work with Gas y ...

Tags: shale, GyP, natural gas

US Refinery Margin Tracker: Unquenchable Gasoline Demand a Gift for US Refiners

Dec 15, 2015

Unseasonably strong gasoline demand is proving for US refiners to be the gift that keeps on giving this holiday season, as support from seasonal diesel demand is tamped down by record high temperatures across much of the US. Gasoline ...

Tags: gasoline, diesel, ULSD

US Eia to Estimate 4-8 Bcf Natural Gas Storage Injection: Survey

Nov 25, 2015

A consensus of analysts surveyed by Platts expects the US Energy Information Administration on Wednesday will estimate a natural gas storage injection of between 4 Bcf and 8 Bcf for the reporting week that ended November 20. The EIA plans ...

Tags: Natural Gas

US Gulf Coast Hsfo Swaps Market Contango Widens out for DEC/Jan

Nov 24, 2015

The December/January US Gulf Coast 3% sulfur fuel oil swap spread moved to a wider contango on Friday, while market sources searched for a fundamental reason to explain the movement. Platts assessed the December/January 3%S spread at a ...

Tags: sulfur fuel oil, USGC fuel oil

Analysis: US Distillate Stocks Expected to Have Fallen Last Week

Nov 24, 2015

With colder temperatures finally hitting much of the northern US last week, many in the oil market will have their eyes on US distillate stocks when the US Energy Information Administration releases its weekly inventory data Wednesday. ...

Tags: ULSD, crude

NYMEX December Natural Gas Rises 10.2 Cents on Storage Report

Nov 6, 2015

NYMEX December natural gas futures settled 10.2 cents higher at $2.364/MMBtu Thursday on the back of a bullish storage report. The US Energy Information Administration announced a 52-Bcf storage injection for the week ended October 30, ...

Tags: NYMEX, Natural Gas

US Photovoltaics Installations up 41% in 2013

Nov 5, 2015

More than 13 GW of solar power generating capacity is now in place across the US, after 2013 witnessed a record 4.8 GW of installations, including some 2.8 GW in utility-scale projects. The explosive growth figures come from GTM ...

Tags: Photovoltaics, solar power, Electricity

Obama Administration to Continue Keystone Xl Review, Despite Suspension Request

Nov 4, 2015

The Obama administration on Tuesday said it will continue to process TransCanada's application for a permit to build the Keystone XL pipeline, even as it considers the company's request to suspend the review. "We would like to finish this ...

Tags: Obama, Keystone XL pipeline, crude

USW Obiected to Lifting The Long-Standing Crude Oil Export Ban

Aug 3, 2015

Leo W. Gerard, international president of the United Steelworkers (USW), has testified before the US Senate Banking, Housing and Urban Affairs Committee, reiterating his opposition to lifting the long-standing crude oil export ban, ...

Tags: crude oil, export ban

BYD Aims to Triple Its Production of Batteries as It Takes on Tesla Motors in The Race

Mar 16, 2015

Chinese automaker BYD Co, backed by Warren Buffett's Berkshire Hathaway Inc, aims to triple its production of batteries as it takes on Tesla Motors in the race to supply electric vehicles and boost energy storage. Shenzhen-based BYD plans ...

Tags: Chinese automaker, BYD, Tesla, Battery Factory

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