Kewaunee Nuclear Power Plant shut down in 2013, won’t be removed until 2073, at $1 billion cost Since 2013, six commercial nuclear reactors in the United States have shut down, and an additional eight reactors have announced plans to retire by 2025, according to the U.S. Energy Information Administration. The retirement process for nuclear power […]
Decommissioning nuclear reactors is a long-term and costly process Read More »
Most distillate fuel oil used for high-powered engines By John Kemp LONDON, Nov 17 – US refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets which will leave the distillate market very tight in 2018. Even if the northern hemisphere winter is only averagely cold, the distillate
Column: Distillate fuel oil market set to tighten in 2018 Read More »
TransCanada operates network of pipelines extending over 91,500 kilometres TransCanada crews safely shut down its Keystone pipeline at approximately 6 a.m. CST (5 a.m. MST) after a drop in pressure was detected in its operating system resulting from an oil leak that is under investigation, according to a press release. This comes just days before
China is second-largest destination for U.S. crude oil exports In its Nov. Short-Term Energy Outlook (STEO), EIA forecasts the price difference between West Texas Intermediate (WTI) crude oil priced at Cushing, Oklahoma, and Brent, the global crude oil price benchmark, to remain at $6 per barrel (b) through the first quarter of 2018 before narrowing to $4/b
Transportation constraints, export costs widen Brent-WTI crude oil price spread Read More »
Technology improvements mitigate population growth-related increases in energy demand EIA projects that growth in global carbon dioxide (CO2) emissions from energy-related sources will slow despite increasing energy consumption, according to the U.S. Energy Information Administration. EIA’s International Energy Outlook 2017 (Reference case) projects that energy-related CO2 emissions will grow 0.6 per cent per year from 2015 to
Growth in global energy-related CO2 emissions expected to slow Read More »
Oil prices slump on Tuesday By John Kemp LONDON, Nov 14 (Reuters) – Crude oil prices and calendar spreads have started to soften in recent trading sessions, in what is likely to be profit-taking after hedge funds amassed a record bullish position in the petroleum complex. Hedge funds and other money managers had accumulated a record net
Column: Oil prices hit by profit-taking after funds build record bullish position Read More »
Oil demand for non-transportation uses expected to rise A study by IHS Markit released on Tuesday says even though global vehicle sales are forecast to decline over the next twenty years, oil demand will rise to 115 million barrels per day (b/d) by 2040. IHS Markit says vehicle demand worldwide will decline as consumers use
Global vehicle sales drop in coming years, oil demand rises: IHS Markit Read More »
U.S.projected to become world’s largest LNG exporter and net oil exporter by end of 2020’s The resurgence in oil and gas production from the United States, deep declines in the cost of renewables, and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to
Russia also exported 1.3 million b/d of fuel oil, 990,000 b/d of diesel, and 120,000 b/d of gasoline in 2016 Russia exported more than 5.2 million b/d of crude oil and condensate and more than 2.4 million b/d of petroleum products in 2016, mostly to countries in Europe, according to the U.S. Energy Information Administration.
Russia exports most of its crude oil production, mainly to Europe Read More »
US natural gas prices up by almost 10 per cent since beginning of November By John Kemp LONDON (Reuters) – US natural gas prices have bounced by almost 10 per cent since the start of the month as traders reassess their earlier bearish view this winter amid signs sentiment had become far too gloomy. Futures
Column: US natural gas prices rise as traders reassess gloomy outlook Read More »
