Energy

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

US gasoline prices set to fall under $3/gallon as election nears

Reuters | September 12, 2024 | Energy

Oil prices climb 1% on concern about hurricane’s impact on US output

Reuters | September 12, 2024 | Energy

Iberdrola, BP to build 25-MW green hydrogen project in Spain

Reuters | September 12, 2024 | Energy | Alternative

Bob’s Discount Furniture celebrates World EV Day with first EV truck

Bob’s Discount Furniture, one of the fastest growing omni-channel furniture retailers in the country, celebrates World EV Day through a recent partnership with Werner Final Mile, the last mile delivery service provider across the United States, Mexico and Canada.

US clean fuels tax credit likely by end of Biden administration, Agriculture Secretary says

Reuters | September 11, 2024 | Energy | Alternative | Green Shipping

U.S. Agriculture Secretary Tom Vilsack said on Tuesday he is confident that a clean fuels tax credit program set to take effect in 2025 will be finalized by end of the Biden administration in January.

Operations at key Louisiana energy port suspended as Francine approaches

Reuters | September 11, 2024 | Energy | Ports & Terminals

Japanese importers seek prompt LNG - Rystad Energy’s Gas and LNG Market Update

AJOT | September 11, 2024 | Energy

Asian spot liquefied natural gas (LNG) financial derivatives for November traded at $13.6 per million British thermal units (MMBtu) on 9 September, down 3.5% week-on-week, on limited demand for November delivery, while some Japanese importers were seeking prompt spot LNG cargoes for September delivery.

China’s poor performance fuels bearish sentiment - Rystad Energy’s Oil Macro Market Update

AJOT | September 11, 2024 | Energy

The oil market is dominated by a bearish sentiment due to China’s and US’ economic risks.

Retail electricity prices closely tracked inflation over the last 10 years

AJOT | September 11, 2024 | Energy

The change in average residential electricity prices across the United States has generally mirrored the rate of inflation over the past decade, increasing by less than 1% in inflation-adjusted terms between 2013 and 2023.

Combilift secures double win at UK Engineering & Manufacturing Awards 2024

Combilift, a leading global innovator in material handling solutions, has achieved dual recognition at this year’s UK Engineering & Manufacturing Awards 2024, securing two highly prestigious awards.

World’s strongest battery paves way for light, energy-efficient vehicles

AJOT | September 11, 2024 | Energy | Alternative | Green Shipping

When cars, planes, ships or computers are built from a material that functions as both a battery and a load-bearing structure, the weight and energy consumption are radically reduced.

Trafigura to convert more supertankers if oil market woes linger

Bloomberg | September 11, 2024 | Energy | Maritime | Bulk

US Gulf Coast energy facilities hit by hurricane Francine

Reuters | September 11, 2024 | Energy | Ports & Terminals

Energy

Reuters | Top Story | September 11, 2024

Emissions-free truck prices need to drop by 50% to compete with diesel, study says

Prices of emissions-free trucks need to fall by as much as half to make them an affordable alternative to diesel models, a study by consultancy firm McKinsey published on Wednesday said, a necessary step to help achieve European Union climate targets.

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