Energy news

Energy commodity prices fell significantly in the last quarter of 2018

(Wed, 02 Jan 2019) After increasing 25% from January through the beginning of October in 2018, the spot energy index in the S&P Goldman Sachs Commodity Index (GSCI) ended the year 21% lower than at the beginning of the year. The S&P GSCI is a weighted average of commodity prices intended to reflect global commodity production quantities and futures contracts’ trading volumes. Although all components of the S&P GSCI fell in 2018, the S&P GSCI energy index fell more than any other sub-index.

January 01, 2019 By 0 Comments Read more...

Most utility-scale fixed-tilt solar photovoltaic systems are tilted 20 degrees-30 degrees

(Thu, 27 Dec 2018) Nearly 40%, or 10.4 gigawatts (GW), of utility-scale solar photovoltaic (PV) systems operating in the United States at the end of 2017 were fixed-tilt PV systems rather than tracking systems. Of the utility-scale fixed-tilt solar PV systems, 76% of the capacity was installed at a fixed angle between 20 degrees and 30 degrees from the horizon.

December 26, 2018 By 0 Comments Read more...

In 2016, U.S. energy expenditures per unit GDP were the lowest since at least 1970

(Wed, 26 Dec 2018) U.S. energy expenditures declined for the fifth consecutive year, reaching $1.0 trillion in 2016, a 9% decrease in real terms from 2015. Adjusted for inflation, total energy expenditures in 2016 were the lowest since 2003. Expressed as a percent of gross domestic product (GDP), total energy expenditures were 5.6% in 2016, the lowest since at least 1970.

December 25, 2018 By 0 Comments Read more...

EIA’s residential energy survey now includes estimates for more than 20 new end uses

(Tue, 18 Dec 2018) Results from the 2015 Residential Energy Consumption Survey (RECS) introduced estimates of energy consumption for an expanded list of energy end uses. For electricity, the number of end uses estimated has expanded from 4 to 26 by adding estimates for equipment such as dishwashers, clothes washers, clothes dryers, televisions, and lighting.

December 17, 2018 By 0 Comments Read more...

South Korea stopped importing condensate from Iran before receiving sanctions waivers

(Thu, 13 Dec 2018) South Korea, the world’s leading importer of condensates, has sought alternatives to partially offset declines in imports of Iranian condensates during the past few months, particularly in light of U.S. sanctions on Iranian exports of crude oil and condensate. South Korea purchased close to half a million barrels per day (b/d) of condensates in 2017, accounting for more than 25% of global condensate trade. In the first seven months of 2018, 38% of South Korea’s condensate imports came from Iran. South Korea ceased importing Iranian condensates in August.

December 12, 2018 By 0 Comments Read more...

For one week in November, the U.S. was a net exporter of crude oil and petroleum products

(Wed, 12 Dec 2018) During the week ending November 30, 2018, the United States exported more crude oil and petroleum products than it imported for the first time in weekly data going back to 1991. From November 24–30, the United States exported an estimated record 3.2 million barrels per day (b/d) of crude oil as well as an estimated 5.8 million b/d of petroleum products such as distillate fuel oil, motor gasoline, and propane.

December 11, 2018 By 0 Comments Read more...

Annual Energy Outlook Retrospective Review

(Wed, 12 Dec 2018) The <em>Annual Energy Outlook Retrospective Review</em> compares realized energy outcomes with the Reference case projections included in previous editions of the <em>Annual Energy Outlook</em> (AEO) beginning with 1994. This edition of the report adds the AEO 2018 projections and updates the historical data to incorporate the latest data revisions.

December 11, 2018 By 0 Comments Read more...

Changes in coal sector led to less SO2 and NOx emissions from electric power industry

(Tue, 11 Dec 2018) Annual U.S. electric power industry emissions of sulfur dioxide (SO2) and nitrogen oxides (NOx) have declined by 88% and 76%, respectively, between their peaks in 1997 and 2017. During this period, coal-fired generation was responsible for 90% of SO2 emissions and 76% of NOx emissions from the U.S. electric power industry. Among other factors, declining coal-fired generation and implementation of environmental regulations under the Clean Air Act Amendments (CAAA) of 1990 have both contributed to the decrease in electric power industry SO2 and NOx emissions.

December 10, 2018 By 0 Comments Read more...

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