News Archives - The American Energy News

Beating the Heat: How Consumers Can Handle Heat Waves in Western Canada

Saving people from extreme heat is becoming more critical as Western Canada faces increasingly intense heat waves. These scorching temperatures push power consumption to the brink, challenging the energy grids in Saskatchewan, Alberta, and British Columbia. But with a bit of savvy and some practical steps, you can stay cool and manage your energy consumption […]

Beating the Heat: How Consumers Can Handle Heat Waves in Western Canada Read More »

Saving People from Extreme Heat isn’t that Hard

Innovation, News

Saving people from extreme heat is a growing challenge in cities. The urban heat-island effect makes city temperatures dangerously high. To combat this, scientists and urban designers are promoting solutions like cool roofs and green spaces, which can significantly lower temperatures and improve public safety. Cities are a paradox. They offer great efficiencies with dense

Saving People from Extreme Heat isn’t that Hard Read More »

Column: US shale returns to growth, posing problem for OPEC

News

Futures prices sending signal to US shale firms to boost output By John Kemp LONDON, Jan 5 – US crude oil prices have risen above $60 per barrel which should accelerate shale drilling and production in the next few months, provided the price increase is sustained. US crude futures are trading over $60 for

Column: US shale returns to growth, posing problem for OPEC Read More »

Permian, Anadarko basins lead US drilling rig rebound and force market to follow oil’s lead

News

NGL production expected to grow in five years as demand increases In the latest installment of its FundamentalEdge series, Drillinginfo released Chasing Crude, a market outlook report focused on its latest view of price and production forecasts for the oil, natural gas, and NGL markets. Chasing Crude continues to monitor the global supply/demand balance for crude oil. Following

Permian, Anadarko basins lead US drilling rig rebound and force market to follow oil’s lead Read More »

Global plug-in electric vehicle sales surpassed 1 million in 2017

News

Through 2020, market projected to experience 38% annual growth A new report from Navigant Research shows that electric vehicle(EV) sale surpassed 1 million in 2017, according to a press release. Recent developments in the plug-in electric(PEV) market, including the rollout of long-range battery EVs (BEVs) at sub-$40,000 price points, have positioned the segment for robust growth. Since

Global plug-in electric vehicle sales surpassed 1 million in 2017 Read More »

Most EV drivers lease cars, see upcoming models eclipsing current EVs

News

Almost 80 per cent of US EV drivers lease their vehicles The market for plug-in vehicles in the United States is dominated by leases, as many EV drivers opt to not buy their vehicles. According to a Bloomberg report, these drivers are often choosing to lease their cars because they believe upcoming models will exceed

Most EV drivers lease cars, see upcoming models eclipsing current EVs Read More »

Hybrid or EVs make up over half new car sales in Norway

News

EVs exempted from almost all taxes in Norway Reuters reports that sales of hybrids and EVs in Norway in 2017 rose to over half the new registrations in the Scandinavian, oil-rich country. According to data released on Wednesday by the Norwegian Road Federation (OFV), pure electric cars and hybrids accounted for 52 per cent of

Hybrid or EVs make up over half new car sales in Norway Read More »

Column: OPEC’s focus on oil stocks risks prices overshooting

News

Oil stocks overhang compared to 5-yr average has narrowed significantly By John Kemp LONDON – The Organization of the Petroleum Exporting Countries (OPEC) is sticking doggedly to its plan to cut commercial oil inventories down to the five-year average to rebalance the oil market. But in doing so, the organization risks tightening the market too

Column: OPEC’s focus on oil stocks risks prices overshooting Read More »

Crude oil prices increased in 2017, and Brent-WTI spread widened

News

US crude oil production increased in 2017 by 384,000 b/d, more growth forecast to 2030 Crude oil prices ended 2017 at the highest levels since 2013 and West Texas Intermediate (WTI) crude oil prices averaged $51/b in 2017, up $7/b from the 2016 average, and ended the year at $60/b, $6/b higher than at the

Crude oil prices increased in 2017, and Brent-WTI spread widened Read More »

Global oil and gas discoveries fall again in 2017, will impact supply in the 2020s

News

Global exploration expenditures fell by over 60% from 2014 to 2017 2017 was another low year for the discovery of conventional volumes of oil and gas, with less than seven billion barrels of oil equivalent (boe) found year to date, according to consultancy Rystad Energy. “We haven’t seen anything like this since the 1940s,” says senior analyst

Global oil and gas discoveries fall again in 2017, will impact supply in the 2020s Read More »