Japan's brewers eye raising a can to new markets
Japan's craft brewers have suddenly found their cups are running over, and exporting beer in aluminum cans may be the answer to their problem.
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(Thu, 19 Apr 2018) The United States exported 97.0 million short tons (MMst) of coal in 2017, a 61% (36.7 MMst) increase from the 2016 level. Exports to Asia more than doubled from 15.7 MMst in 2016 to 32.8 MMst in 2017, although Europe continues to be the largest recipient of U.S. coal exports.
Is peace in the (gas) pipeline for Pyongyang?
What’s the similarity between a peace pipe and a gas pipeline? Both are out of place in Pyongyang, says Eric Yep.
The U.S. is an active participant in petroleum markets as both an importer and exporter
(Wed, 18 Apr 2018) U.S. net petroleum trade, including crude oil, petroleum products, and natural gas plant liquids, has fallen in recent years, reaching 3.7 million barrels per day (b/d) in 2017. This is the lowest level of net petroleum trade (imports minus exports) since 1971. At the same time, total U.S. gross petroleum trade (imports and exports) has reached an all-time high of 16.3 million b/d in 2017.
Customer spending on electricity expected to increase this summer
(Tue, 17 Apr 2018) EIAâs <em>Short-Term Energy Outlook</em> forecasts the typical U.S. household will spend an average of $426 for electricity this summer (JuneâAugust), an increase of about 3% from the average summer expenditures in 2017. The expected increase in electricity bills is a result of forecast higher retail electricity prices and slightly higher projected electricity use to meet increased cooling demand.
Overwhelming market interest for blockchain-powered oil trading platform VAKT: Gunvor
An initiative to modernize energy trading processes through blockchain was receiving overwhelming interest from market participants, Chief – Operations and IT, Gunvor Group, Eren Zekioglu said in an exclusive interview.
U.S. natural gas production and consumption increase in nearly all AEO2018 cases
(Mon, 16 Apr 2018) EIAâs <em>Annual Energy Outlook 2018</em> (AEO2018) projects that U.S. dry natural gas production will increase through 2050 across a wide variety of alternative assumptions about the future. In the Reference case, which is based on current laws and regulations, production grows 59% from 2017 to 2050, starting at 73.6 billion cubic feet per day (Bcf/d) in 2017 and reaching 118 Bcf/d in 2050.
Factbox: Syrian crisis shines spotlight on Russian energy in Europe
The risk of a direct military confrontation between the US and Russia over Syria has raised energy security concerns in Europe. Oil prices touched three-and-half year highs above $72 b/d after US President Donald Trump signaled a possible military response to alleged chemical weapons attacks near Damascus.
Analysis: US avoids direct Russia confrontation with Syria airstrikes, lowering oil price risk
The US' declaration that the overnight missile strikes against Syria would be limited and a "one-time shot" may tamp down some of the risk to oil prices spiking when markets open Monday.
Natural gas inventories end heating season at the lowest level since 2014
(Fri, 13 Apr 2018) Working natural gas in storage in the United States as of March 31, 2018, the end of the 2017â2018 heating season, totaled 1,351 billion cubic feet (Bcf), according to EIAâs estimate based on its Weekly Natural Gas Storage Report. This is the lowest level for U.S. working gas stocks at this time of year since March 31, 2014, when working gas stocks were much lower, at 837 Bcf following the 2013-2014 heating season