Energize Weekly, August 21, 2019 World energy production – spurred by coal and natural gas – was up 2.2 percent in 2017 to 14,035 million tons oil equivalent (Mtoe) when compared to 2016, according to the International Energy Agency (IEA). Coal and natural gas output were each up by more than 120 Mtoe in 2017.…
Energize Weekly, August 14, 2019 A record for daily U.S. natural gas consumption – 44.5 billion cubic feet (Bcf) – was set on July 15 as a heat wave took hold of the Midwest and Eastern Seaboard, according to S&P Global Platts. The previous record of 43.1 Bcf was set on July 16, 2018. During…
Energize Weekly, August 14, 2019 The economics for electric vehicles (EVs) and renewable energy charging have become so competitive that in the future, the price of oil will have to be no more than $10 a barrel to compete, according to analysis by Paris-based BNP Paribas. The analysis – Wells, Wires and Wheels – is…
Energize Weekly, August 7, 2019 U.S exports of liquefied natural gas (LNG), which have been steadily rising, hit 4.7 billion cubic feet a day in May 2019, as exporters added a growing European market to their Asian base. In 2019, the U.S. became the third largest LNG exporter in the world behind Australia and Qatar,…
Energize Weekly, July 24, 2019 Organization of the Petroleum Exporting Countries (OPEC) unplanned crude oil production outages hit a four-year high in the first half of 2019, according to the federal Energy Information Administration (EIA). The outages averaged 2.5 million barrels a day for the six-month period, the highest level since 2015. Unplanned outages included…
Energize Weekly, July 17, 2019 U.S. crude oil and petroleum liquids production hit a new record in April of 12.2 million barrels a day, according to the federal Energy Information Administration’s (EIA) Petroleum Supply Monthly. It is the first time U.S. production has surpassed 12 million barrels a day and comes less than a year…
Energize Weekly, July 10, 2019 The natural gas industry is making $1.3 trillion in infrastructure investments to create a global liquefied natural gas (LNG) market but those capital expenditures may be at risk from competitive renewable energy prices and the prospect of climate regulations, according to Global Energy Monitor. The San Francisco-based nonprofit, which tracks…
Energize Weekly, June 26, 2019 The value of global fuel subsidies was pushed up to their highest levels in five years, according the International Energy Agency (IEA). IEA data show the estimated value of these subsidies at $424 billion, a 33 percent annual increase. The subsidy estimates for oil, gas and fossil-fuel generated electricity all…
Energize Weekly, June 26, 2019 The strong growth in global energy demand in 2018 is a sign that the world is on an “unsustainable path,” according to the BP Statistical Review of World Energy. Global energy demand was up 2.9 percent and carbon emissions grew by 2 percent in 2018, faster than at any times…
Energize Weekly, June 19, 2019 U.S. crude oil imports from the Organization of the Petroleum Exporting Countries (OPEC) fell in March to 1.5 million barrels a day, the lowest level in 33 years, based on data from the federal Energy Information Administration’s (EIA) “Petroleum Supply Monthly.” The drop to a level not seen since March…
Energize Weekly, June 5, 2019 More than $570 billion in new global oil refining investments are set to be made by 2025, raising total capacity by 15 percent to 116 million barrels a day, according to Bloomberg New Energy Finance (BNEF). About 75 percent of the new capacity will be in the Asia-Pacific region and…
Energize Weekly, June 5, 2019 U.S. shale oil drillers continue to “burn cash” as they operate with negative cash flows, and while bankruptcies in the sector have cooled with the rebound in oil prices, risks still remain, according to industry analyses. An analysis of 40 shale companies by Oslo, Norway-based Rystad Energy, an independent energy…
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