Northeast distillate inventories decreased by 19% in the past 3 weeks and are currently 50% below the 5-year average, according to the EIA. “Demand for heating oil has outpaced supply during January’s cold snaps, resulting in a drawdown of stocks… In addition to increased demand from consumers that regularly use oil heat, press reports indicate… Keep reading →
European governments and businesses are discussing the next round of carbon emissions targets once existing greenhouse gas reduction goals expire in 2020. The Institutional Investors Group on Climate Change says binding targets are needed to make investors confident in putting money into upgrading power generation infrastructure. “Setting out an ambitious 2030 emissions reduction target of… Keep reading →
As part of its New Energy Architecture initiative to better understand the changes currently in full swing within the global energy system, the World Economic Forum recently published its Global Energy Architecture Performance Index Report 2014. The report identifies and examines various indicators across countries and regions that are significant for an effective global transition… Keep reading →
The Audubon Society is upset with a US Department of Interior decision to allow wind farm operators to obtain permit extensions allowing accidental bird death or injury for up to 30 years. Interior says the permit extensions provide regulatory certainty to wind developers, but Audubon thinks the move fails to balance “the need for conservation… Keep reading →
We guess that means Mrs. Claus would also be Canadian if the North Pole is included in the country’s Arctic claim. “Canada will still meet a Dec. 6 deadline for filing an application to the United Nations to extend its northern sea boundary, according to the daily Globe and Mail. But it now also plans… Keep reading →
We are at a transformational moment in energy history. Just a few years ago, all energy projections forecast increased imports, increased scarcity, and increased natural gas prices. Today, we’ve shifted from scarcity to abundance. U.S. oil production has increased by 2.5 million barrels per day (B/D) since 2010. This year, the United States overtook Saudi… Keep reading →
Statoil has been proactively linking the contractual price of natural gas to European gas trading hubs and abandoning oil-linked pricing as Brussels pushes for market liberalization, consumers fight oil-linked prices and regional hubs gain liquidity. The change is slowly taking place in Eastern Europe, but “all of its German contracts and nearly all its UK,… Keep reading →
Australia has a lot going for it that other potential shale gas producers lack, like access to capital markets, existing infrastructure and a history of natural gas development. But natural gas development projects – conventional and unconventional – can be expensive and landed prices in Asia – despite proximity – could be higher than delivered… Keep reading →
By: Holly Ellyatt The U.K’s “big six” energy companies will be grilled by U.K. lawmakers on Tuesday about the reasons behind hiking their consumer energy bills by an average of 9.1 percent just ahead of the onset of winter. The companies — EDF Energy, SSE, Scottish Power, Npower, E.ON UK and British Gas – have… Keep reading →
The spread between benchmark crude oil prices for WTI and Brent recently widened to over $10 per barrel after reaching parity this past summer, and signals indicate this is partially due to an oversupplied US Gulf Coast refining center. It also suggests that equity investors might want to be wary of US Exploration & Production… Keep reading →
