Oil’s recovery quells concerns over rising costs
Will rapidly rising oilfield service costs derail efforts by companies to maintain fiscal austerity while hitting their production targets?
The United States exported more natural gas than it imported in 2017
(Mon, 19 Mar 2018) The United States exported more natural gas than it imported in 2017, marking the first time since 1957 that the United States has been a net natural gas exporter.
Solar plants typically install more panel capacity relative to their inverter capacity
(Fri, 16 Mar 2018) A solar photovoltaic (PV) systemâs panel capacity is often reported in direct current (DC), while operating capacity in the United States is reported as it is delivered to the grid in alternating current (AC). For economic and engineering reasons, capacity values reported in DC typically are 10% to 30% higher than those reported in AC capacity.
Several Dead After Bridge Collapse, Officials Say
The pedestrian bridge at Florida International University in Miami had been installed days earlier and was still under construction when it fell onto a road.
U.S. crude oil exports increased and reached more destinations in 2017
(Thu, 15 Mar 2018) U.S. crude oil exports grew to an average of 1.1 million barrels per day (b/d) in 2017, the second full year since restrictions on crude oil exports were removed. Crude oil exports in 2017 were nearly double the level of exports in 2016. Increased U.S. crude oil exports were supported by increasing U.S. crude oil production and expanded infrastructure.
The value of U.S. energy exports to Mexico exceeded import value for third year in a row
(Wed, 14 Mar 2018) In each of the past three years, the value of U.S. energy exports to Mexico has exceeded the value of U.S. energy imports from Mexico. Energy trade between Mexico and the United States has historically been driven by Mexicoâs sales of crude oil to the United States and by U.S. exports of refined petroleum products to Mexico. As the United States has reduced crude oil imports from Mexico, the trade balance has shifted.
Japan aluminum’s tipple of choice: US bourbon in a can
Jim Beam, the world’s biggest-selling US bourbon whiskey, is sold mostly in aluminum cans in Japan — which could potentially take an unintended hit from the US’ recent move to impose a 10% levy on aluminum imports.
Venezuelaâs crude oil production declines amid economic instability
(Tue, 13 Mar 2018) Venezuelaâs crude oil production has been on a downward trend for two decades, but it has experienced significant decreases over the past two years. Crude oil production in Venezuela decreased from 2.3 million barrels per day (b/d) in January 2016 to 1.6 million b/d in January 2018.
In Erie, One City Block Is a Trek of Disrespect
A decaying bridge has ignited a debate over how a struggling city treats some of its poorer residents.
S&P 500 implied volatility briefly surpassed that of crude oil in February
(Mon, 12 Mar 2018) For four consecutive days in early February, stock market implied volatility surpassed crude oil price volatility for the first time since 2008. The VIX, a measure of implied volatility, or the marketâs expected range of near-term price changes on Standard and Poorâs (S&P) 500 index options, closed higher than the OVX, a measure of implied volatility on crude oil options.