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US natural gas inventories end withdrawal season at lowest level since spring 2014

AJOT | April 19, 2019 | Energy

Working natural gas in storage in the Lower 48 states at the end of March totaled 1,137 billion cubic feet (Bcf) according to EIA’s Weekly Natural Gas Storage Report.

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EIA expects 2019 summer average residential electricity use to be lowest in five years

AJOT | April 18, 2019 | Energy

EIA’s Short-Term Energy Outlook forecasts that the typical U.S. residential household will consume about 3,080 kilowatthours of electricity this summer (June through August), down 5% from the average summer consumption in 2018. If this forecast is realized, it would be the lowest level of electricity consumption per customer since 2014 and the second-lowest level since 2001. EIA expects summer electricity consumption will be lower than in 2017 because of milder projected temperatures.

OPEC+ cuts oil production and Russian exporters win

Bloomberg | April 18, 2019 | Energy

India should beware of Saudi Aramco’s billions

Bloomberg | April 17, 2019 | Energy | International Trade

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Summer 2019 gasoline prices forecast to be lower than last summer

AJOT | April 17, 2019 | Energy | Intermodal | Trucking

In the April 2019 update of its Summer Fuels Outlook, EIA expects the retail price of U.S. regular-grade gasoline will average $2.76 per gallon (gal) during the summer from April through September 2019.

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SERVA and Polar Service Centers Open New, Advanced Service Facility

AJOT | April 16, 2019 | Energy

SERVA and Polar Service Centers are pleased to announce the opening of a new service facility in Odessa, Texas, located at 12318 W. County Road 100. On April 16, this location will host an open house showcasing products from all the EnTrans International brands, including SERVA, Polar Tank Trailer, Heil Trailer, Kalyn Siebert and Jarco.

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SCF’s “Green Finance” Wins Marine Money Award

AJOT | April 16, 2019 | Maritime | Bulk | Energy

The publication recognized Sovcomflot's USD 252M seven-year credit agreement with a consortium of foreign banks to finance the construction of a series of the world's first large-capacity LNG-fuelled tankers.

U.S. Waiver Concern Sees Iranian Oil Buyers Put Imports on Hold

Bloomberg | April 16, 2019 | Energy | International Trade

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The U.S. exported 2 million barrels per day of crude oil in 2018 to 42 destinations

AJOT | April 15, 2019 | Energy

In 2018, U.S. exports of crude oil rose to 2.0 million barrels per day (b/d), nearly double the 1.2 million b/d rate in 2017. Export volumes by destination changed significantly during the year, as U.S. crude oil exports to China fell and exports to other destinations such as South Korea, Taiwan, and Canada increased.

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BP, Nouryon and Port of Rotterdam partner on green hydrogen study

AJOT | April 15, 2019 | Energy | Ports & Terminals | Ports

BP, Nouryon (formerly AkzoNobel Specialty Chemicals), and the Port of Rotterdam have joined forces to explore the opportunity of making “green hydrogen” via water electrolysis for BP’s refinery in Rotterdam, the Netherlands, which has the potential for significant reductions in CO2 emissions.

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Chevron emerging as the clear leader among all Permian players

AJOT | April 12, 2019 | Energy

Today’s announcement that US supermajor Chevron will acquire Anadarko Petroleum in a deal valued at $50 billion is reflective of multiple trends that are becoming increasingly evident in the global energy market, according to industry expert Rystad Energy.

Indepentent study reveals LNG reduces shipping GHG emissions by up TO 21%

AJOT | April 11, 2019 | Maritime | Liner Shipping | Energy

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Global discoveries on the rise as majors take a bigger bite

AJOT | April 11, 2019 | Energy

Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Energy.

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US natural gas-fired combined-cycle capacity surpasses coal-fired capacity

AJOT | April 10, 2019 | Energy

The amount of generating capacity from natural gas-fired combined-cycle (NGCC) plants has grown steadily over time, and in 2018, surpassed coal-fired plants as the technology with the most electricity generating capacity in the United States.

How Trump can escape a bind on Iran sanctions

Bloomberg | April 09, 2019 | Energy | International Trade

Trump said to seek limit on state power over pipelines

Bloomberg | April 09, 2019 | Energy | Intermodal

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