The plight of the light sweet crude barrel: Fuel for Thought
The word ‘glut’ is one of the more overused words in news stories to describe the global oil markets, but in the case of light sweet crude the moniker is true—much to the chagrin of OPEC.
South Carolina utilities stop construction of new nuclear reactors
(Mon, 14 Aug 2017) South Carolina Electric & Gas Company, principal subsidiary of SCANA Corporation, and South Carolina Public Service Authority (Santee Cooper) announced on July 31 that they are halting construction of two new nuclear reactors at the V.C. Summer nuclear power plant.
The Strait of Malacca, a key oil trade chokepoint, links the Indian and Pacific Oceans
(Fri, 11 Aug 2017) Nearly one-third of the 61% of total global petroleum and other liquids production that moved on maritime routes in 2015 transited the Strait of Malacca, the second-largest oil trade chokepoint in the world after the Strait of Hormuz.
Winter is coming … to narrow US gasoline spreads
Perhaps the most confusing thing about US gasoline is all the changes various markets undergo, with requirements depending on the time of year and location.
Total U.S. energy expenditures in 2015 were the lowest in more than a decade
(Thu, 10 Aug 2017) Expenditures for delivered energy in the United States in 2015 totaled $1.127 trillion, a 20% decrease in real terms from 2014, according to recently released data from EIAâs State Energy Data System. Adjusted for inflation, total energy expenditures in 2015 were the lowest since 2004.
United States expected to become a net exporter of natural gas this year
(Wed, 09 Aug 2017) EIAâs latest <em>Short-Term Energy Outlook</em> projects that the United States will export more natural gas than it imports in 2017. The United States has been a net exporter for three of the past four months and is expected to continue to export more natural gas than it imports for the rest of 2017 and throughout 2018.
North Texas polyethylene packaging projects delayed until 2018
Two North Texas joint ventures between resin packaging companies and railroads that aim to move USGC polyethylene for export have been delayed to 2018.
In new trend, U.S. natural gas exports exceeded imports in 3 of the first 5 months of 2017
(Tue, 08 Aug 2017) The United States exported more natural gas than it imported in February, April, and May of 2017 according to the latest EIAâs Natural Gas Monthly. The United States has been a net natural gas importer (on an average annual basis) for nearly 60 years.
Iraq may need to justify OPEC fudge: Fuel for Thought
Iraq is compliant with neither the spirit nor the letter of the OPEC-led agreement to cut oil production from January 1 this year. The question is whether it should be.
Solar eclipse on August 21 will affect photovoltaic generators across the country
(Mon, 07 Aug 2017) On August 21, a solar eclipse will obscure the sunlight needed to generate electricity at approximately 1,900 utility-scale solar photovoltaic (PV) power plants in the United States.