(Wed, 15 Jan 2020) Depending on the nature of oil and natural gas resources specific to particular regions, changes in future oil prices can produce very different results. Relatively higher oil prices push investment toward oil projects and away from natural gas projects, and relatively lower oil prices typically produce the opposite effect.
(Thu, 12 Dec 2019) In the <em>International Energy Outlook 2019</em>, India has the worldâs fastest-growing population and the fastest-growing gross domestic product (GDP), which means long-term energy consumption projections are uncertain because of the rapid change magnified by the size of the economy. This discussion explores two aspects of uncertainty about Indiaâs future energy consumption: assumptions about economic composition and industrial sector energy intensity.
(Wed, 04 Dec 2019) EIA has released its evaluation of capital expenditures and operations and maintenance costs for existing fossil steam and renewable generators. With recent increases in generator retirements, this report focuses on potential cost changes for coal and other fossil-fueled plants over time.
(Tue, 03 Dec 2019) Last week (week ending November 22, 2019), the U.S. Energy Information Administrationâs (EIA) estimated weekly net withdrawals from working natural gas stocks at underground storage facilities in the Lower 48 states exceeded the five-year average for the first time in three weeks. The heating season traditionally begins on November 1. Total net withdrawals were just 28 billion cubic feet (Bcf) compared with the five-year average for the report week of 57 Bcf.
(Thu, 07 Nov 2019) EIA has updated its country analysis Executive Summary for Sudan/South Sudan from the previous country analysis brief. The Executive Summary contains detailed information and updates to crude oil production, consumption, and exports as well as other significant changes in the countriesâ energy sectors, and the Background Reference provides additional context to the Executive Summary.
(Thu, 31 Oct 2019) Net injections into working gas storage in the South Central region totaled 44 billion cubic feet (Bcf) for the week ending October 25, 2019. Net injections into salt dome working gas storage facilities totaled 25 Bcf for the week, matching the previous record for the week ending October 14, 2016.
(Fri, 25 Oct 2019) Working gas stocks climbed higher than the five-year average for the first time since the fall of 2017 as a result of near-record injections into working gas stocks during the 2019 refill season (typically April through November). The deficit to the five-year average reached 565 billion cubic feet (Bcf)âits highest level during 2019âduring the week ending March 8. The deficit fell somewhat during the weeks leading up to the 2019 refill season.
(Fri, 18 Oct 2019) Annual state-level estimates of energy consumption, prices, and expenditures for jet fuel.
(Thu, 17 Oct 2019) Working natural gas stocks in the Lower 48 states totaled 3,519 billion cubic feet (Bcf) for the week ending October 11, 2019, 14 Bcf more than the previous five-year average, according to the <em>Weekly Natural Gas Storage Report</em> (WNGSR) released this week. Last week was the first time that Lower 48 statesâ working gas stocks exceeded the five-year average since September 22, 2017.
(Wed, 16 Oct 2019) An update to the final 2018 data for Form EIA-923, <em>Power Plant Operations Report</em>, is available. This update includes a new worksheet containing fuel consumption, gross electricity generation, and net electricity generation data at the prime mover level for power plants with electric storage onsite.
Recently passed legislation in France has mandated that the roofs of all new buildings in commercial areas must be so-called green roofs, which are at least partially covered in either solar modules or with living plants.
The head of top Russian oil producer Rosneft has said the US shale energy boom could become the next “dotcom bubble”. Igor Sechin also accused Opec of destabilising the market by allowing the oil price to halve in six months.
Global oil prices have fallen sharply over the past seven months, leading to significant revenue shortfalls in many energy exporting nations, while consumers in many importing countries are likely to have to pay less to heat their homes or drive their cars.
Coming on the heels of Demand Energy’s announcement that it is installing 1 MW of energy storage capacity in a series of Glenwood residential apartment buildings in New York City, a report released today concludes that the distributed energy storage market will increase almost 10-fold over the next three years.
Leaders from Sudan, Egypt and Ethiopia have signed an agreement to end a long-time dispute regarding the controversial 6,000-MW Grand Ethiopian Renaissance hydropower plant.
Even a few years ago, renewable energy played only a small role in most countries’ energy planning. While governments and publics were eager to increase the share of renewables in their energy systems, the economics of doing so were challenging. There were also serious concerns about the impact on the electricity grid of adding too much capacity from variable renewable energy sources, such as solar and wind.
Oil prices fell for the second straight session on Monday as Iran and six world powers negotiated a deal for Tehran's nuclear program that could end Western sanctions, allowing the OPEC member to ship more crude into an already flooded market.
The United States may be the only major oil-producing nation where the domestic politics of petroleum production appear almost entirely divorced from its international interests.