Puerto Rico Faces Mountain of Obstacles on the Road to Recovery
For an island long crippled by enormous debt and an essentially bankrupt financial system, Puerto Rico’s road back has gone from long to seemingly endless.
Changing quality mix is affecting crude oil price differentials and refining decisions
(Thu, 21 Sep 2017) Growth in global liquid fuels supply since March 2017 has been driven by increases in the production of historically higher-priced light crude oils. This growth has more than offset recent declines in the production of medium and heavy crude oils. As these production trends continue, price differences between certain crude oils are narrowing, and refinery operation decisions are changing.
Petroleum Supply Annual, Volume 2
(Thu, 21 Sep 2017) Final monthly statistics for the supply and disposition of crude oil and petroleum products.
Petroleum Supply Annual, Volume 1
(Thu, 21 Sep 2017) Final annual data for the supply and disposition of crude oil and petroleum products.
Harvey makes landfall in Texas, but drilling returns remain strong
Despite devastating hurricanes, internal rates of return (IRR) increased across the board due in large part to higher natural gas liquids (NGLs) prices.
Hurricane Irma cut power to nearly two-thirds of Florida's electricity customers
(Wed, 20 Sep 2017) Hurricane Irma struck Florida on September 10, 2017, and knocked out power to 6.7 million electricity customersâ64% of all customer accounts in the stateâaccording to reports compiled by the Florida Division of Emergency Management. About 100,000 customers (1% of the state total) remained without power as of September 19.
Beyond China and India, energy consumption in non-OECD Asia continues to grow
(Tue, 19 Sep 2017) Based on projections in EIAâs <em>International Energy Outlook 2017 (IEO2017)</em>, much of the future growth in world energy consumption will occur in the nations of Asia outside of the Organization for Economic Cooperation and Development (or non-OECD Asia).
Despite Rising Seas and Bigger Storms, Florida’s Land Rush Endures
Florida rose from a swamp and never stopped growing. But hurricanes become harder to absorb as the buildings keep spreading.
Solar shines on US heat wave, near-record peakload
Cal-ISO was expected to break a more than decade-long peakload record September 1 as a heat wave sat over the region, but solar changed the game.
Venezuela’s oil output continues to fall as PDVSA fritters away money: Fuel for Thought
Despite the billions of dollars that have flowed into Venezuela’s state-owned PDVSA in recent years, crude oil and refining output continues to languish. It is not lack of investment hindering growth, though.