Massive United States-Saudi Infrastructure Fund Struggles to Get Going
Last year, Blackstone announced a $40 billion infrastructure fund with a huge commitment from the Saudis. It hasn’t come together as planned.
U.S. production of crude oil grew 5% in 2017, likely leading to record 2018 production
(Wed, 04 Apr 2018) Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase of 464,000 b/d from 2016 levels after declining by 551,000 b/d in 2016. In November 2017, monthly U.S. crude oil production reached 10.07 million b/d, the highest monthly level of crude oil production in U.S. history.
A 15-Hour Road Trip Through Broken Bridges and Makeshift Checkpoints
The roads in Central African Republic present more obstacles than solutions.
In 2017, U.S. electricity sales fell by the greatest amount since the recession
(Tue, 03 Apr 2018) U.S. retail electricity sales fell by 80 billion kilowatthours (kWh) in 2017, the largest drop since the economic recession in 2009. The 2% decrease in 2017 reflects lower retail sales in the residential, commercial, and industrial sectors and is largely attributable to milder weather
As oil flows in the US, so does borrowing power: Fuel for Thought
US E&P companies needing cash for drilling are likely to hear good news from banks currently preparing to size up borrowing profiles, as upstream activity continues to tick higher.
Uncertainty looms over marine fuel sulfur limit: Fuel for Thought
In about 20 months, the shipping industry is going to start burning a fuel that today they know next to nothing about.
Natural gas storage design capacity increased slightly in 2017
(Mon, 02 Apr 2018) Over the past four years, relatively little new underground natural gas storage capacity was built in the Lower 48 states. EIA measures natural gas storage capacity in two ways: design capacity and demonstrated maximum working gas volume (or demonstrated peak). In 2017, design capacity grew by about 1%, and demonstrated peak fell by 1%
EIA projects that U.S. coal demand will remain flat for several decades
(Fri, 30 Mar 2018) EIA projects U.S. coal dispositionâdomestic demand and coal exportsâto remain relatively flat through 2050 in the <em>Annual Energy Outlook 2018</em> (AEO2018) Reference case, even as many coal-fired power plants are retired. Coal disposition for the next three decades averages 750 million short tons per year (MMst), down from the peak of nearly 1.2 million tons in 2008.
Trump Heralds a New Trade Deal, Then Says He Might Delay It
In a meandering speech, Mr. Trump seemed to undercut his own administration’s initiatives, including on infrastructure and a trade agreement with South Korea.
Are spot LNG prices headed up or down? Take a look at JKM Swaps
The recent winter of 2017/18 has been particularly volatile, with the physical JKM spot LNG assessment not only charting the longest rally since its inception in 2009 but also briefly returning to double-digit levels not seen in three years.