(Fri, 24 Feb 2017) U.S. crude oil imports from Saudi Arabia and Iraq, two of the United Statesâ main sources for imported crude oil, have risen since reaching relatively low points in 2014 and 2015. On a combined basis, crude oil imports from these countries are the highest since late 2012.
When Bob Dinneen, CEO and president of the RFA, stepped up to address the National Ethanol Conference this week, the house was packed.
(Thu, 23 Feb 2017) China is the global leader in methanol use and has recently expanded methanol production capacity. Since the early 2000s, Chinaâs methanol consumption in fuel products has risen sharply and is estimated to have been more than 500,000 barrels per day (b/d) in 2016.
(Wed, 22 Feb 2017) The United States is expected to become a net exporter of natural gas on an average annual basis by 2018, according to the recently released Annual Energy Outlook 2017 (AEO2017) Reference case. The transition to net exporter is driven by declining pipeline imports, growing pipeline exports, and increasing exports of liquefied natural gas (LNG).
Kenya is proving an excellent testing ground for initiatives that prove successful elsewhere in Sub-Saharan Africa. It is now seeking to do the same with electrification.
(Tue, 21 Feb 2017) U.S. crude oil production increased for the second consecutive month in November 2016, the first time this has occurred since early 2015.
Mexico’s plans to develop its shale oil resources have finally taken a step forward following years of largely fruitless efforts by the state owned company Pemex.
(Fri, 17 Feb 2017) Lower crude oil prices in recent years have translated to lower fuel costs and overall lower operating expenses for U.S. passenger airlines. According to the U.S. Department of Transportationâs Bureau of Transportation Statistics (BTS), U.S. passenger airlinesâ collective net profit increased to $25.6 billion in 2015, up from $7.5 billion in 2014.
(Thu, 16 Feb 2017) U.S. production of uranium concentrate (U3O8) totaled 2.9 million pounds in 2016, 13% lower than the uranium produced in 2015 and the lowest annual U.S. production since 2005. U.S. uranium concentrate production in 2016 was less than 7% of the historical peak production level of 43.7 million pounds in 1980.
(Wed, 15 Feb 2017) Oil plays a crucial role in the global economyâfrom the production of goods to the transportation of people and freight. For this reason, economic activity and oil consumption tend to move together, particularly in developing economies. This relationship makes gross domestic product (GDP) an important driver of oil consumption.
