Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
| July 16, 2021 | Energy | Alternative | Maritime | Liner Shipping
| July 16, 2021 | Energy | Alternative
| July 16, 2021 | Energy | Alternative
The annual capacity-weighted average construction costs for solar photovoltaic systems in the United States continued to decrease in 2019, dropping by a little less than 3%, according to our latest data on newly constructed utility-scale electric generators. The average costs for wind turbines remained relatively stable in 2019, increasing $9 per kilowatt (kW), or a little less than 1% from the 2018 average. Costs for natural gas-fired generators had the largest change from 2018 to 2019, increasing $241/kW, or almost 29%.
| July 16, 2021 | Energy | Alternative | International Trade | Commodity
The European Union wants to enact the world’s first pollution-import levy on global competitors. The details will take a while to hash out.
| July 16, 2021 | Energy
| July 16, 2021 | Energy
Natural gas exports from the United States to Mexico surpassed 7 billion cubic feet per day (Bcf/d) on multiple days during June, according to pipeline data from Wood Mackenzie. The record high for the month was 7.4 Bcf/d on June 24. Increased power demand, high temperatures, and greater industrial demand, combined, drove the increased demand for natural gas. New pipeline additions have helped facilitate the increased volume of natural gas flowing to natural gas-fired power plants, industrial plants, and pipeline interconnections throughout Mexico.
| July 16, 2021 | Energy | Alternative
| July 16, 2021 | Energy
| July 15, 2021 | Energy | International Trade
| July 15, 2021 | Energy
| July 15, 2021 | Energy
In the July Short-Term Energy Outlook (STEO), we forecast the Brent crude oil price will average $72 per barrel (b) in the second half of 2021 (2H21) and $67/b in 2022, both $6/b higher than in the June STEO forecast. We revised global production down by 210,000 barrels per day (b/d) in 2H21, leading to larger forecast inventory draws in 2H21 and smaller forecast inventory builds in 2022, which contributes to the increased price forecast.
| July 15, 2021 | Energy
LR1 Silver Venus loaded 315,000 bbls of gasoline at the Petrobras Rio de Janeiro terminal July 1, before heading north signaling for New York. The vessel then changed direction on July 13, heading west and is now signaling for Houston.
| July 15, 2021 | Energy | Alternative
| July 15, 2021 | Energy | Alternative
| July 15, 2021 | Energy | Alternative
| July 15, 2021 | Energy | Conventional
| July 14, 2021 | Energy
| July 14, 2021 | Energy | Alternative
| July 14, 2021 | Energy
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