The Middle East comes into its own as a LNG demand center
Over the past two years, the Middle East has grown into a recognized demand center because of increasing imports from both traditional buyers and new market entrants.
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(Thu, 19 Jan 2017) U.S. carbon dioxide (CO2) emissions from the transportation sector reached 1,893 million metric tons (MMmt) from October 2015 through September 2016, exceeding electric power sector CO2 emissions of 1,803 MMmt over the same time period.
South Korea Country Analysis Brief
(Thu, 19 Jan 2017) South Korea, which lacks domestic energy reserves, ranks among the worldâs top five importers of liquefied natural gas, coal, and petroleum and other liquids. Despite its lack of resources, South Korea has some of the most advanced oil refineries in the world, and its companies have investments in overseas oil and natural gas assets.
GOP tax reform and what’s at stake for the oil industry
Any change in the US' corporate tax system that has an enormous shift in the tax treatment of imports and exports is going to have the potential to impact oil flows, and by extension, oil markets.
Natural gas-fired power plants lead electric capacity additions in Mexico
(Wed, 18 Jan 2017) Natural gas is Mexicoâs largest source of electricity generation, accounting for 54% of the countryâs generation in 2015, up from 34% in 2005.
U.S. ethane production, consumption, and exports expected to increase through 2018
(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.
A Big Test for Big Batteries
In California, an environmental crisis forced a utility to fast-track a risky idea — using rechargeable cells to stand in for power plants.
Rebuilding Infrastructure May Be Profitable for the Very Rich
President-elect Donald J. Trump advocates big spending on infrastructure. Someone will profit, but it may not be mutual fund investors.
Natural gas prices in 2016 were the lowest in nearly 20 years
(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.
Crude oil prices expected to increase slightly through 2017 and 2018
(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.