Energy

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Energy

Bloomberg | Top Story | August 12, 2024

Oil refiners in US slow down, stoking global crude glut worries

Some of the top US oil refiners are throttling back operations at their facilities this quarter, adding to concerns that a global glut of crude is forming.

Second LNG tanker seen docking at sanctioned Russian facility

Bloomberg | August 12, 2024 | Energy | Alternative

A second liquefied natural gas tanker has docked at an export terminal in northern Russia that’s subject to US sanctions, satellite images show.

Public company proved oil and natural gas reserves were mostly unchanged in 2023

AJOT | August 12, 2024 | Energy

Global proved crude oil and natural gas reserves held by 175 publicly traded global exploration and production (E&P) companies increased by 2.0 billion barrels of oil equivalent (BOE) in 2023, or about 1%, according to data from the companies’ annual financial reports...

European energy prices surge as Russia supply-risk buoys gas

Bloomberg | August 12, 2024 | Energy

Pakistan sees solar boom as Chinese imports surge

Bloomberg | August 09, 2024 | Energy

Pakistan’s market for solar power is booming, propelled by a surge in imports from China...

Biden offers $1.45 billion in financing for Georgia solar plant

Bloomberg | August 08, 2024 | Energy | Alternative | International Trade

The Biden administration is offering Qcells as much as $1.45 billion in conditional financing to construct the biggest US plant producing silicon ingots and wafers, the building blocks of solar panels.

Ørsted partners with Mission Clean Energy to develop 1 GW of storage projects across the Midwest

AJOT | August 08, 2024 | Energy | Alternative

Partnership broadens Ørsted’s portfolio of U.S. clean energy technologies and marks its first joint venture into standalone storage development

Signal Ocean Tanker - Weekly Market Monitor – week 32

AJOT | August 08, 2024 | Energy | Maritime | Bulk

This week's chart shows that the growth in ton days for dirty tankers has slowed since May compared to last year, with a continued decline into August.

Jet fuel demand spike in China is a rare boost for refiners

Bloomberg | August 08, 2024 | Air Cargo | Airlines | Energy

Jet fuel demand in China is on the mend as flights return to the skies, offering some support to domestic refiners grappling with muted diesel and gasoline consumption that’s weighed on the industry.

Domestic uranium market will grow between 2023 and 2024

AJOT | August 08, 2024 | Energy | Alternative

Uranium miners in the United States produced more than 82,000 pounds of uranium concentrate in the first quarter of 2024, more than in all of 2023.

EPA probes biodiesel supply chains as fraud concerns mount

Bloomberg | August 08, 2024 | Energy | Alternative

UAE bans Eswatini-flagged ships in fresh shadow-fleet crackdown

Ulsan Port Authority signs equity investment agreement to create publicly-led alternative marine fuel supply chain

• Invested KRW 24 billion (US$17.6 million) in tank terminal to create alternative marine fuel supply chain • Securing alternative marine fuel storage facilities for the 2027 Korea-US Green Shipping Corridors

Nations can use battery recycling to augment precious minerals and cut geopolitical risks, says Cleantech Group

Titan NRG, Inc. secures major propane contract with Southern Arizona reservation

AJOT | August 07, 2024 | Energy

OrbitMI takes innovative tack to navigate complexities of LNG operations

Transportation of LNG entails complex decision-making processes that must be managed effectively to ensure operational efficiency and environmental compliance.

What is the outlook for U.S. natural gas inventories at the end of injection season?

AJOT | August 07, 2024 | Energy

In our latest Short-Term Energy Outlook, we forecast that U.S. working natural gas inventories will be 3,954 billion cubic feet (Bcf) by the end of October, the most natural gas in U.S. storage since November 2016.

Canada hits surprise trade surplus on energy, gold exports

Bloomberg | August 06, 2024 | Energy | International Trade

Canada unexpectedly recorded a C$638 million ($461 million) trade surplus in June as an expanded crude oil pipeline and surging global demand for gold drove exports higher.

Global oil demand growth to cool as China slows down, EIA says

Bloomberg | August 06, 2024 | Energy

EIA expects mixed bag for energy prices in 2024

AJOT | August 06, 2024 | Energy

The U.S. Energy Information Administration (EIA) expects that U.S. residential electricity prices will increase by about 1% in 2024, the slowest rate of year-over-year growth since 2020.

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