(Fri, 02 Feb 2018) In July 2017, Californiaâs state legislature passed assembly bill (AB) 398 to reauthorize and extend until 2030 the stateâs economy-wide greenhouse gas (GHG) reduction program. The bill sets a new GHG target of at least 40% below the 1990 level of emissions by 2030. As of 2015, about 86% of Californiaâs GHG emissions were related to the consumption of energy.
There is no question that China is combining industrial and environmental policies in a way that is more radical than most, if not all, Western governments.
The commoditization of the global LNG market has had implications across several associated industries, ranging from the gas-fired power sector to seaborne gas transportation.
(Thu, 01 Feb 2018) U.S. crude oil production reached 10.038 million barrels per day (b/d) in November 2017, according to EIAâs latest Petroleum Supply Monthly. Novemberâs production is the first time since 1970 that monthly U.S. production levels surpassed 10 million b/d and the second-highest U.S. monthly oil production value ever, just below the November 1970 production value of 10.044 million b/d.
Platts JKM, the benchmark LNG spot price, has revealed three important surprises over the past three years. Marc Howson, Director, LNG Market Development blogs for The Barrel.
(Wed, 31 Jan 2018) South Africa is one of the worldâs leading emitters of energy-related carbon dioxide (CO2), ranking fifteenth globally in 2015 and accounting for more than any other country in Africa. In an effort to reduce CO2 emissions, South Africa is planning to diversify its energy portfolio, replacing coal with lower CO2-emitting fuels such as natural gas and renewable sources.
(Tue, 30 Jan 2018) In 2016, hydraulically fractured horizontal wells accounted for 69% of all oil and natural gas wells drilled in the United States and 83% of the total linear footage drilled. The combination of horizontal drilling and hydraulic fracturing has increased the rate of recent U.S. crude oil, lease condensate, and natural gas production.
Saudi's dream of securing a $100bn windfall from the IPO of Aramco may be clouding its judgement. It needs higher oil prices to entice international investors to buy a stake in the state-owned company, which supplies almost all its crude.
(Mon, 29 Jan 2018) From late August through September 2017, Hurricane Harvey caused disruptions to the U.S. Gulf Coast refining sector, resulting in record-high U.S. crude oil exports when export facilities reopened after the storm and before many refineries returned to pre-storm levels of utilization.
US market players anxiously awaiting Trump’s decision on whether or not to restrain steel imports got something else instead: the report of a rift between Trump and Wilbur Ross, secretary of the US DOC, which launched the import investigation last year.
