UK election: Brexit confusion
Following the June 8 UK general election result, what does a hung parliament mean for upcoming Brexit negotiations? Ross McCracken blogs.
U.N. cap on North Korean coal exports could decrease North Korean export earnings
(Fri, 09 Jun 2017) In 2016, the almost $1.2 billion value of North Koreaâs coal exports accounted for about 40% of their total export revenue. A cap imposed by the United Nations (U.N.) on imports of coal from North Korea would limit North Koreaâs coal export earnings to about US $400 million in 2017, about one-third of the previous five-year average.
Global access to electricity has increased over the past two decades
(Thu, 08 Jun 2017) According to the most recent data from the World Bank, 15% of the worldâs populationâapproximately 1.1 billion peopleâlacked access to electricity in 2014. However, access to electricity has been generally increasing over the past two decades. In 1994, approximately 27% of the worldâs population lacked access to electricity.
Building blockchains in energy markets
The idea of using blockchain technology to ease trading in the energy and commodities markets is cropping up more and more.
A mixed May bag in commodities: Of Presidents and Prices
The commodities price watch during Trump’s term continues. Here are the price averages for some key commodity benchmarks since he became president.
United States remains the worldâs top producer of petroleum and natural gas hydrocarbons
(Wed, 07 Jun 2017) The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production declines for both petroleum and natural gas relative to their 2015 levels.
As U.S. airlines carry more passengers, jet fuel use remains well below its previous peak
(Tue, 06 Jun 2017) The amount of jet fuel consumed by U.S. airlines increased in both 2015 and 2016, although jet fuel use in 2016 remained 11% lower than its level a decade ago. Jet fuel use was lower despite the fact that the number of passengers traveling on U.S. carriers in 2016 was 7% higher than in 2007.
NERCâs Summer Reliability Assessment highlights seasonal electricity reliability issues
(Mon, 05 Jun 2017) The North American Electric Reliability Corporation's (NERC) recent <em>2017 Summer Reliability Assessment</em> finds that there are enough resources to meet this summer's projected peak electricity demand in all areas of the country.
As coal shipments decline, rail remains dominant mode of coal transport to power sector
(Fri, 02 Jun 2017) The U.S. electric power sector consumed 677 million short tons of coal in 2016, the lowest amount since 1984. Electric power sector coal consumption accounted for more than 93% of all coal consumed in the United States, and more than two-thirds of this coal was shipped either completely or in part by rail.
More than half of small-scale photovoltaic generation comes from residential rooftops
(Thu, 01 Jun 2017) Generation from small-scale photovoltaic (PV) systems totaled about 37% of the annual generation from all U.S. solar PV electricity generators in 2016. EIAâs small-scale category includes PV systems that have less than one megawatt (MW) of generating capacity.