The Great Masquerade of Shipping at Posidonia 2016
The shipping industry is a marketplace where massive deals concerning the movement of millions of barrels of oil on behemoth ships can be made over a third pint at the local pub.
How Climate Change Could Make the Ground Collapse
Craters called “slumps” can form as permafrost thaws, endangering plants and animals.
Speculators help fund sugar market revival
David Elward looks behind speculators' decision to target sugar, with it having offered significantly higher returns than other commodities, including crude oil and precious metals.
Is 2016 the endless summer for US HRC steel prices?
The US steel industry is nearing the dog days of summer when many in the market will pack their bags and make the pilgrimage to the coast.
The 2016 EIA Energy Conference and job fair is next month
(Thu, 16 Jun 2016) The U.S. Energy Information Administration will hold its 2016 Energy Conference on July 11 and 12 in Washington, DC. This two-day event provides the opportunity to meet and network with energy analysts, decision makers, and EIA staff. This year's conference also includes an EIA job fair.
A rare tour of the Strategic Petroleum Reserve
The world’s largest emergency stockpile of crude oil is quickly falling apart.
Total U.S. electricity sales projected to grow slowly as electricity intensity declines
(Wed, 15 Jun 2016) Electricity sales, as projected in the U.S. Energy Information Administration's most recent Annual Energy Outlook (AEO2016) Reference case, increase in each sector through 2040. In 2015, 3.7 trillion kilowatthours (kWh) of electricity were sold, and total electricity sales are projected to rise 0.7% annually through the projection period. The residential sector currently purchases the most electricity, with a 38% share of total electricity sales in 2015.
OPEC Revenues Fact Sheet
(Tue, 14 Jun 2016) For 2015, the U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $404 billion in net oil export revenues (unadjusted for inflation). This represents a 46% decline from the $753 billion earned in 2014, mainly as a result of a precipitous fall in average annual crude oil prices during the year, and to a lesser extent to decreases in the level of OPEC net oil exports. This revenue total was the lowest earnings for OPEC since 2010.
India Country Analysis Brief
(Tue, 14 Jun 2016) India was the third largest global energy consumer behind China and the United States in 2013. Despite having notable fossil fuel resources, India has become increasingly dependent on energy imports to meet its growing demand. As India?s population grows and its economy develops, the country will require more access to energy infrastructure, electricity, and fuel supply from various sources.
First new U.S. nuclear reactor in almost two decades set to begin operating
(Tue, 14 Jun 2016) The Tennessee Valley Authority's (TVA) Watts Bar Unit 2 was connected to the power grid on June 3, becoming the first nuclear power plant to come online since 1996, when Watts Bar Unit 1 started operations. Watts Bar Unit 2 is undergoing final testing, producing electricity at incremental levels of power, as TVA prepares to start commercial operation later this summer. The new reactor is designed to add 1,150 megawatts (MW) of electricity generating capacity to southeastern Tennessee.