State-controlled Saudi Aramco adjusted its official crude oil selling prices in response to changing oil market dynamics. The company left Arab Light prices unchanged for Asian customers, while it increased prices for destinations in Europe and the US where demand appears to be picking up. The summer cooling season in Saudi Arabia is expected to increase domestic crude oil demand from about 450,000 b/d at the beginning of the year to 750,000 b/d, which is about 8% of current production volumes. Increased domestic demand this summer was also cited as a potential reason for raising OSPs, although that is questionable. [Reuters]

Ford said it’s offering the 2016 F-150 half-ton pickup truck with a “gaseous-fuel prep option,” meaning the vehicle can be converted to run on compressed natural gas or propane. “The $315 factory-installed package would allow an F-150 with a 5-liter V-8 to run on propane or compressed natural gas, making it the only half-ton pickup with that capability. The customer must then take their factory-prepped truck to a qualified vehicle modifier to install the proper fuel tanks, fuel lines and fuel injectors. The cost of the upfitting ranges from $7,500 to $9,500.” [USA Today]

A new report by the Solar Electric Power Association ranks the top US utilities based on installed solar power capacity. Not surprisingly, California utilities are way ahead of their counterparts in other states. “California utilities are clearly leading the nation in terms of cumulative megawatts of solar installed, a new study from SEPA finds. Nearly half of the added solar capacity that came online in 2014 was in California, and the state’s three investor owned utilities installed more MW of solar than the rest of the nation’s utilities combined.” [Utility Dive]

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