Energy

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


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Agricultural feedstock costs drive RIN prices to all-time highs

AJOT | June 02, 2021 | Energy

The prices of renewable identification number (RIN) credits—the compliance mechanism used for the Renewable Fuel Standard (RFS) program administered by the U.S. Environmental Protection Agency (EPA)—sharply increased through April of this year, and they are now higher than at any time during the 13-year history of the RFS program.

Heineken supports Dutch battery-powered container carrier
Energy
Stas Margaronis | Top Story | June 01, 2021

AJOT Insights
Heineken supports Dutch battery-powered container carrier

This summer the Netherlands will see the deployment of a self-propelled container barge utilizing battery power, an undertaking supported by a long-term contract with the Dutch beer maker Heineken.
Dominion Energy, Ørsted and Eversource reach deal on contract to charter offshore wind turbine installation vessel
Energy
AJOT | Top Story | June 01, 2021

Dominion Energy, Ørsted and Eversource reach deal on contract to charter offshore wind turbine installation vessel

• Dominion Energy-led consortium building America’s first offshore wind turbine installation vessel, creating hundreds of U.S. jobs while achieving a historic milestone for domestic offshore wind industry • Vessel will be used to install Ørsted-Eversource’s Revolution Wind and Sunrise Wind, two of the nation’s first large-scale offshore wind farms, working first from State Pier in New London, Conn. • Charybdis will be homeported in Hampton Roads, Va. and manned with an American crew
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Putin is betting coal still has a future

Bloomberg | June 01, 2021 | Energy

Russia is spending more than $10 billion on a railroad that will help it ramp up coal exports to Asia. It's even mobilizing prisoners to speed up construction.

US sanctions on Belarus include petrochemicals, Treasury says

Bloomberg | May 30, 2021 | Energy | International Trade

Iran transfers oil from pipeline skirting troubled strait

Bloomberg | May 30, 2021 | Energy | International Trade

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U.S. average gasoline prices before Memorial Day are the highest since 2014

AJOT | May 28, 2021 | Energy | Conventional | By The Numbers

The average retail price for regular gasoline in the United States on May 24, the Monday before the Memorial Day weekend, was $3.02 per gallon (gal), the highest gasoline price before Memorial Day since 2014, according to our weekly Gasoline and Diesel Fuel Update. The average U.S. gasoline price on May 24 was $1.14/gal higher than a year ago.

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The state of exploration 2021 - Westwood

AJOT | May 27, 2021 | Energy

The State of Exploration report is published at a time which may come to be seen as a watershed moment in the global energy industry.

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Major utilities’ spending on the electric distribution system continues to increase

AJOT | May 27, 2021 | Energy

Annual spending on electricity distribution systems by major U.S. utilities continues to increase.

Biden administration announcement will speed offshore wind in California & new wind port
Energy
Stas Margaronis | Top Story | May 27, 2021

AJOT Insights
Biden administration announcement will speed offshore wind in California & new wind port

The Biden Administration announced that the U.S. Departments of Interior and Defense have reached agreement on California sea-space and other issues, clearing the way to move ahead with development of the state’s multi-gigawatt (GW) offshore wind power potential on its Central and North coasts.
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EIA lowers its forecast of India’s oil demand because of rising COVID-19 cases

AJOT | May 26, 2021 | Energy

The rapid increase in COVID-19 cases in India has led to various travel restrictions, which reduced consumption of transportation fuels such as gasoline and diesel. As a result, we revised down our forecast for petroleum consumption in India in the May Short-Term Energy Outlook (STEO). We estimate that petroleum consumption in India declined by 0.4 million barrels per day (b/d) (8%) to 4.7 million b/d between March and April.

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