The dry bulk freight market: Just treading water?
A decade has passed since the 2008 dry bulk freight rates began a long downturn which coincided with the Financial Crisis and culminated with a historic low in January 2016.
China's door-slam on thermal coal imports a golden opportunity for India
Beijing's sudden decision to drastically curb imports of thermal coal into the country's ports presents a golden opportunity to Indian coal buyers to pick up large volumes of Australian power station fuel at discounted prices, according to a S&P Global Platts analysis.
Fuel cell power plants are used in diverse ways across the United States
(Fri, 20 Apr 2018) At the end of 2016, the United States had 56 large-scale fuel cell generating units greater than 1 megawatt (MW), totaling 137 megawatts (MW) of net summer capacity. Most of this capacity (85%) has come online since 2013. Fuel cells collectively provided 810,000 megawatthours (MWh) of electricity in 2016, representing 0.02% of total U.S. electricity generation.
Japan's brewers eye raising a can to new markets
Japan's craft brewers have suddenly found their cups are running over, and exporting beer in aluminum cans may be the answer to their problem.
U.S. coal exports increased by 61% in 2017 as exports to Asia more than doubled
(Thu, 19 Apr 2018) The United States exported 97.0 million short tons (MMst) of coal in 2017, a 61% (36.7 MMst) increase from the 2016 level. Exports to Asia more than doubled from 15.7 MMst in 2016 to 32.8 MMst in 2017, although Europe continues to be the largest recipient of U.S. coal exports.
Is peace in the (gas) pipeline for Pyongyang?
What’s the similarity between a peace pipe and a gas pipeline? Both are out of place in Pyongyang, says Eric Yep.
The U.S. is an active participant in petroleum markets as both an importer and exporter
(Wed, 18 Apr 2018) U.S. net petroleum trade, including crude oil, petroleum products, and natural gas plant liquids, has fallen in recent years, reaching 3.7 million barrels per day (b/d) in 2017. This is the lowest level of net petroleum trade (imports minus exports) since 1971. At the same time, total U.S. gross petroleum trade (imports and exports) has reached an all-time high of 16.3 million b/d in 2017.
Customer spending on electricity expected to increase this summer
(Tue, 17 Apr 2018) EIAâs <em>Short-Term Energy Outlook</em> forecasts the typical U.S. household will spend an average of $426 for electricity this summer (JuneâAugust), an increase of about 3% from the average summer expenditures in 2017. The expected increase in electricity bills is a result of forecast higher retail electricity prices and slightly higher projected electricity use to meet increased cooling demand.
Overwhelming market interest for blockchain-powered oil trading platform VAKT: Gunvor
An initiative to modernize energy trading processes through blockchain was receiving overwhelming interest from market participants, Chief – Operations and IT, Gunvor Group, Eren Zekioglu said in an exclusive interview.
U.S. natural gas production and consumption increase in nearly all AEO2018 cases
(Mon, 16 Apr 2018) EIAâs <em>Annual Energy Outlook 2018</em> (AEO2018) projects that U.S. dry natural gas production will increase through 2050 across a wide variety of alternative assumptions about the future. In the Reference case, which is based on current laws and regulations, production grows 59% from 2017 to 2050, starting at 73.6 billion cubic feet per day (Bcf/d) in 2017 and reaching 118 Bcf/d in 2050.