(Tue, 17 Jan 2017) U.S. production of ethane is expected to increase from an average of 1.25 million barrels per day (b/d) in 2016 to 1.7 million b/d in 2018 according to EIAâs latest <em>Short-Term Energy Outlook</em> (STEO). Increased ethane production is expected to be consumed in the petrochemical industry domestically as well as exported to other countries.
In California, an environmental crisis forced a utility to fast-track a risky idea — using rechargeable cells to stand in for power plants.
President-elect Donald J. Trump advocates big spending on infrastructure. Someone will profit, but it may not be mutual fund investors.
(Fri, 13 Jan 2017) Natural gas spot prices in 2016 averaged $2.49 per million British thermal units (MMBtu) at the national benchmark Henry Hub, the lowest annual average price since 1999. The monthly average price fell below $2.00/MMBtu from February through May, but later increased, ending the year at an average of $3.58/MMBtu in December.
(Thu, 12 Jan 2017) The U.S. Energy Information Administrationâs January <em>Short-Term Energy Outlook</em> (STEO) forecasts benchmark North Sea Brent and West Texas Intermediate (WTI) crude oil prices to average $53 per barrel (b) and $52/b, respectively, in 2017, close to their levels during the last three weeks of 2016. These prices are expected to rise to $56/b and $55/b, respectively, in 2018.
Ms. Chao sailed through the hearing to become transportation secretary with little difficulty, offering remarkably few specifics but many promises of cooperation.
Consensus forecasts suggest iron ore delivered into China will average around $55-$60/dry mt this year.
(Wed, 11 Jan 2017) Average wholesale electricity prices at major trading hubs across the United States during the first quarter of 2016 were significantly lower than during the same period in 2015, ranging from 24% lower in California to 64% lower in New England.
(Tue, 10 Jan 2017) Once final data are in, EIA expects 24 gigawatts (GW) of new generating capacity to be added to the power grid during 2016. For the third consecutive year, more than half of these additions are renewable technologies, especially wind and solar.
(Mon, 09 Jan 2017) U.S. coal production in 2016 is expected to total 743 million short tons (MMst), 17% lower than in 2015, and the lowest level since 1978. Falling production in 2016 continues an eight-year decline from peak production in 2008.
