Author Archive: AEN Staff

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Companies compete to build European EV charging stations

Companies compete to build European EV charging stations

Fewer than 100,000 EV charging stations in Europe Power utilities, big oil companies and tech start-ups are squaring off in a battle to establish themselves as kingpins in the growing and ever-changing business of EV charging stations. “It is a bit of a landgrab now to win this sector,” Tim Payne, chief executive of British […]

By September 15, 2017 0 Comments Read More →
Oil prices near five-month high on IEA report, refineries restart

Oil prices near five-month high on IEA report, refineries restart

Oil prices down slightly Friday Oil prices remained close to five-month highs in Friday trading and were on track for their largest weekly gain since late July after the International Energy Agency forecast rising crude demand and refineries shuttered by Hurricane Harvey slowly come back online. Benchmark Brent crude way down by 10 cents to […]

By September 15, 2017 0 Comments Read More →
Oil prices up on tighter oil market, increased demand

Oil prices up on tighter oil market, increased demand

Oil prices briefly touch five-month high Oil prices rose on Thursday, one day after the International Energy Agency released its report forecasting a tighter crude market due to increased demand. By 2:25 p.m. EDT, Brent crude was up by 35 cents to $55.51/barrel, after touching a five-month high of $55.99 earlier in the session.  US […]

By September 14, 2017 0 Comments Read More →
Global liquid fuels use rise nearly 20 per cent by 2040

Global liquid fuels use rise nearly 20 per cent by 2040

Liquid fuels growth driven by transportation, industrial sectors The United States Energy Information Administration forecasts global use of petroleum and other liquid fuels to jump by nearly 20 per cent by 2040. Growth in the transportation and industrial sectors are the biggest factors in the expected increase. According to the EIA, consumption of liquid fuels […]

By September 14, 2017 0 Comments Read More →
Column: US shale sector at critical price threshold

Column: US shale sector at critical price threshold

US shale firms dust off ambitious drilling growth plans at $55/barrel By John Kemp LONDON, Sept 14  – Forward US oil prices for 2018 have climbed back above $50 per barrel, a level that should be high enough to stabilise drilling activity over the next two months. But if prices continue their current upward trend, […]

By September 14, 2017 0 Comments Read More →
First US delivery of Daimler electric trucks to UPS

First US delivery of Daimler electric trucks to UPS

Daimler electric trucks have a range of about 62 miles UPS will be the first customer for Daimler electric trucks in the United States.  The battery-powered small trucks, known as FUSO eCanter trucks, will expand the delivery company’s electric vehicle lineup and offer a range of about 62 miles. A number of automakers are looking […]

By September 14, 2017 0 Comments Read More →
Global oil stocks declining on strong demand: IEA

Global oil stocks declining on strong demand: IEA

Global oil stocks falling, markets tightening In its monthly report, the International Energy Agency says global oil stocks are falling on increased demand from Europe and the US as well as decreased OPEC and non-OPEC production. The agency also raised its 2017 global oil demand growth estimate to 1.6 million barrels per day (b/d) from […]

By September 13, 2017 0 Comments Read More →
Column: Climate change not only factor impacting coal use

Column: Climate change not only factor impacting coal use

Tide of history running against coal, producers By John Kemp LONDON, Sept 13 – U.S. coal companies blame climate campaigners and the Obama administration for waging a war on coal that has cost thousands of jobs and threatened struggling mining communities. But coal’s long-term problems stem not from politics but from physical properties that make it […]

By September 13, 2017 0 Comments Read More →
Oil prices rise as US crude stocks jump, gasoline inventories drop

Oil prices rise as US crude stocks jump, gasoline inventories drop

Market appears to have factored in impact of Hurricanes Harvey and Irma US crude stocks rose significantly last week and gasoline inventories dropped to the lowest level on record as US Gulf Coast refinery activity markedly slowed in the wake of Hurricane Harvey. As of 1:16 p.m. EDT, US crude prices were up 78 cents […]

By September 13, 2017 0 Comments Read More →
Oil prices up on OPEC 2018 demand estimates, lower output

Oil prices up on OPEC 2018 demand estimates, lower output

Oil prices up slightly Tuesday Oil prices rose slightly in trading on Tuesday after OPEC released its forecast for 2018 crude use showing higher demand next year. The cartel also reported its output fell in August. The monthly report from OPEC said Hurricanes Harvey and Irma will have “negligible” impact on oil demand. By 1:57 […]

By September 12, 2017 0 Comments Read More →