Energy

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


Rockies become diesel bright spot between West and East coasts

Bloomberg | December 03, 2020 | Energy | Intermodal

US imports of Saudi crude oil fall to lowest in three decades

Bloomberg | December 02, 2020 | Energy | International Trade

OPEC core’s oil exports drop before face-off over output targets

Bloomberg | December 02, 2020 | Energy | International Trade

Dirty fuel demand jumps with more pollution kits on ships
Energy
Bloomberg | Top Story | December 01, 2020

Dirty fuel demand jumps with more pollution kits on ships

An increase in vessels being fitted with pollution-reducing kits and unusually strong demand for container shipping is providing a boost to the dirtiest marine fuel.
Oil near $45 with OPEC+ struggling for consensus on output

Bloomberg | December 01, 2020 | Energy | Logistics

Oil-hungry Asia lures armada of tankers carrying American crude

Bloomberg | December 01, 2020 | Energy | Logistics

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Prices at stake: If OPEC+ increases output in January, a 200 million-barrel glut will build through May

AJOT | November 30, 2020 | Energy

As the world is aching to put an end to a devastating 2020, oil producers are now assessing the lasting effect of the pandemic into 2021 – and in particular, the consequences of oil demand destruction to global balances.

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As global oil demand outlook weakens, planned refining capacity boom set to keep utilization low

AJOT | November 25, 2020 | Energy

The ongoing energy transition combined with the effects of Covid-19 will drive future oil demand to lower levels than what was expected just months ago. As a result, a plethora of planned refinery additions will far exceed closures towards 2025, and utilization rates will likely never recover to pre-pandemic levels unless some capacity closes early, a Rystad Energy market analysis reveals.

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Pre-Thanksgiving gasoline prices at lowest level since 2015

AJOT | November 25, 2020 | Energy

The average U.S. regular retail gasoline price (the price that consumers pay at the pump) during the week before Thanksgiving this year was $2.10 per gallon (gal), the lowest average retail gasoline price for the Monday before Thanksgiving since 2015, according to the U.S. Energy Information Administration’s (EIA) Gasoline and Diesel Fuel Update.

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World may not have enough heavy lift vessels to service the offshore wind industry post 2025

AJOT | November 25, 2020 | Energy | Project / Heavy Lift | Maritime Project

Offshore wind is booming, and as turbine and project sizes grow, demand for specialized installation vessels will soar. The market for vessels capable of installing large offshore wind components is quickly being outpaced by growing demand from the global development pipeline, a Rystad Energy analysis shows.

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New York generated the fourth most electricity from renewable sources of any state in 2019

AJOT | November 23, 2020 | Energy

In 2019, more electricity was generated from renewable sources in New York than in all but three states, according to the U.S. Energy Information Administration’s (EIA) Electric Power Monthly. New York’s 39.4 million megawatthours (MWh) of renewable electricity generation was more than any other state east of the Mississippi River and accounted for 30% of the state’s total electricity generation in 2019.

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Africa’s renewable energy capacity is set for consecutive years of growth, exceeding 50 GW in 2025

AJOT | November 23, 2020 | Energy

Africa’s installed capacity of renewable energy, which stood at 12.6 gigawatt (GW) in 2019, is set for consecutive years of growth, a Rystad Energy analysis shows. The continent’s capacity is forecast to reach 16.8 GW in 2020, add another 5.5 GW in 2021, and further climb to 51.2 GW in 2025, led by growth in solar and wind projects in Egypt, Algeria, Tunisia, Morocco and Ethiopia.

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Off-grid solar generation could affect how Africa uses coal, natural gas for electricity

AJOT | November 20, 2020 | Energy

In the International Energy Outlook 2020 (IEO2020), the U.S. Energy Information Administration (EIA) projects electricity generation in Africa using two cases with different assumptions about how future electricity needs are fulfilled. In the Maximum Grid Expansion case, in which a centralized grid is developed to meet electricity demand throughout the continent, EIA projects that solar photovoltaic generators will meet 13% of Africa’s electricity generation in 2050. In this case, EIA’s projections do not include off-grid, stand-alone generators. In contrast, in the Maximum Off-Grid case, where demand growth in the southern half of the continent (Africa-South) is met by off-grid resources, solar energy—from both grid-connected and off-grid systems—will provide 21% of continent-wide electricity generation in 2050.

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