LOOP Sour crude becomes lighter, sourer in April: In the LOOP
LOOP Sour crude became lighter and more sour in April, with an average API gravity of 29.8 degrees and typical sulfur content of 2.86%.
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(Tue, 08 May 2018) Existing U.S. nuclear power generating plants operate under increasingly competitive market conditions brought on by relatively low natural gas prices, increasing electricity generation from renewable energy sources, and limited growth in electric power demand. Several sensitivity cases prepared for EIAâs <em>Annual Energy Outlook 2018</em> (AEO2018) show the potential effects on the U.S. nuclear power fleet of different assumptions for natural gas prices, potential carbon policies, and nuclear power plant operating costs.
An Arctic about-face: Alaska natives, who fought offshore oil projects, now leading the charge to drill
For years indigenous people living in small villages along Alaska’s Arctic coast fiercely fought offshore drilling. Now they want a piece of the action.
Natural gas and renewables make up most of 2018 electric capacity additions
(Mon, 07 May 2018) EIA expects nearly 32 gigawatts (GW) of new electric generating capacity will come online in the United States in 2018, more than in any year over the past decade. Although renewables such as wind and solar accounted for 98% of the 2 GW added so far this year (based on data for January and February), EIA expects about 21 GW of natural gas-fired generators will come online in 2018.
Nuclear Power Outlook
(Mon, 07 May 2018) In EIAâs <em>Annual Energy Outlook 2018</em> Reference case, U.S. nuclear power generating capacity is projected to decline from 99.3 gigawatts (GW) to 79.1 GW over the projection period of 2017â50. To address some of the uncertainty surrounding this projection, this Issues in Focus article presents sensitivity cases under different assumptions for oil and natural gas availability, nuclear power unit costs, and carbon policies.
LIBOR: Shipping's elephant in the room
As LIBOR increases, stresses on shipping industry balance sheets, cash flows and earnings also rise. With rates still at relatively low levels in historic terms, further increases are likely, and for a highly capital-intensive sector like shipping, this will undoubtedly weigh heavily on already debt-laden companies.
The 2018 EIA Energy Conference is one month away
(Fri, 04 May 2018) EIA is hosting its 2018 Energy Conference on Monday, June 4, and Tuesday, June 5, in Washington, DC, where attendees will get up-to-date information on a wide set of emerging energy issues. This two-day event provides an opportunity to meet and network with energy analysts, decision makers, and EIA staff. Last year, more than 900 people from industry, government, and academia attended the conference.
Americans will pay more at the pump this summer, but things could be worse for drivers
The US government forecasts that summertime gasoline prices this year will be at their highest level since 2014, when Taylor Swift’s “Shake It Off” was at the top of all the music charts and Andrew Garfield still played Spider-Man.
Biodiesels produced from certain feedstocks have distinct properties from petroleum diesel
(Thu, 03 May 2018) Biodiesel is a renewable fuel made from various feedstocks, including refined vegetable oils, recycled cooking oils, and rendered animal fats. Different feedstocks produce biodiesel with distinct qualities that must be considered when blending biodiesel with petroleum diesel for use in transportation.
U.S. imports of Canadian crude oil by rail increase
(Wed, 02 May 2018) Growth in Canadian crude oil production has outpaced expansions in pipeline takeaway capacity and, along with past pipeline outages, has driven Canadian crude oil prices lower and increased Canadian crude oil exports by rail to the United States. However, the outlook for increased volumes of Canadian crude oil shipped by rail to the United States is highly uncertain despite significant U.S. demand for Canadian crude oil, specifically on the U.S. Gulf Coast.