Author Archive: AEN Staff

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Column: Britain tries price cap for gas and electricity customers

Column: Britain tries price cap for gas and electricity customers

2016 review showed retail gas, electricity markets not working well in Britain By John Kemp LONDON, Oct 19 (Reuters) – Britain’s government has published draft legislation which would cap gas and electricity prices for most residential customers until the end of 2020, the most startling intervention since privatisation three decades ago. The caps come after […]

By October 19, 2017 0 Comments Read More →
Oil prices down after recent gains due to profit-taking

Oil prices down after recent gains due to profit-taking

Oil prices down over 1 per cent After four days of gains, oil prices were down over 1 per cent on Thursday on larger-than-expected product inventories in the US and profit taking. Brent crude ended the day down 75 cents, or 1.6 per cent, landing at $57.23/barrel and US WTI fell by 7 cents to […]

By October 19, 2017 0 Comments Read More →
China natural gas demand rises on shift from coal

China natural gas demand rises on shift from coal

China natural gas demand set to outpace US over coming 20 years As China pivots from powering the nation with coal to cleaner burning fuels and renewables, analysts say the country is in a “golden age” for natural gas, and will likely be the largest consumer of the fuel worldwide sometime between 2040 and 2050. […]

By October 19, 2017 0 Comments Read More →
Shift to natural gas may threaten China’s power supplies this winter

Shift to natural gas may threaten China’s power supplies this winter

Push to complete natural gas pipelines before winter hits As part of the Beijing’s efforts to use cleaner burning fuels, the Chinese government is hoping to heat millions of homes in northern China this winter with natural gas instead of coal. To reach their goal, the government has ordered state oil companies to rush construction […]

By October 19, 2017 0 Comments Read More →
Venezuela’s PDVSA crude output down and deteriorating

Venezuela’s PDVSA crude output down and deteriorating

PDVSA crude deterioration symptom of poorly maintained infrastructure A number of refineries in the United States, India and China have found the quality of PDVSA crude to be deteriorating, resulting in complaints, cancelled orders and demands for discounts from the cash-strapped firm. According to Reuters, these refineries say the cargoes of crude from Venezuela’s state-run […]

By October 19, 2017 0 Comments Read More →
Oil prices steady despite increased US gasoline, diesel stocks

Oil prices steady despite increased US gasoline, diesel stocks

Oil prices dip early in trading, but recover throughout the day Brent oil prices retreated from three-week highs reached earlier on Wednesday, but recovered throughout the trading day, despite a decline in US refining runs and an unexpected increase in gasoline and diesel inventories. Brent rose 27 cents to $58.15/barrel by 4:06 p.m. EDT and […]

By October 18, 2017 0 Comments Read More →
Wave of investment in US shale investment 2018: Total CEO

Wave of investment in US shale investment 2018: Total CEO

Oil execs, bankers see 2018 boost in US shale producers production Reuters reports major oil executives and bankers attending the Oil & Money conference in London are forecasting another surge in US shale production next year as operators have ramped up bets against another fall in oil prices. According to the report, analysts have said […]

By October 18, 2017 0 Comments Read More →
Devastation in Puerto Rico could produce a revolutionary power grid

Devastation in Puerto Rico could produce a revolutionary power grid

Weeks after Hurricane Maria, only 15 per cent of Puerto Rico has electricity By Lewis M. Milford and Mark Muro Disasters often lead to unexpected and swift technology innovation. The calamitous collapse of Puerto Rico’s electricity system might be the next example of that phenomenon. As we know, Hurricane Maria devastated the island. Now, just a few weeks […]

By October 18, 2017 0 Comments Read More →
Column: Fuel security and power generation in the United States

Column: Fuel security and power generation in the United States

Fuel security the crux of Energy Secretary Rick Perry’s new grid resiliency rule By John Kemp LONDON, Oct 17 (Reuters) – “The resiliency of the nation’s electric grid is threatened by the premature retirements of power plants that can withstand major fuel supply disruptions caused by natural or man-made disasters,” the U.S. Department of Energy […]

By October 17, 2017 0 Comments Read More →
Saudi Aramco IPO investor relations work suspended: Reuters

Saudi Aramco IPO investor relations work suspended: Reuters

FTI Consulting headed up Saudi Aramco IPO investor relations advisory work According to a report by Reuters, investor relations advisory work by FTI Consulting on the proposed $100 billion Saudi Aramco IPO has been suspended. The move comes just days after a consortium made up of state-owned oil firms, banks and its sovereign wealth fund […]

By October 17, 2017 0 Comments Read More →