(Fri, 01 Jun 2018) Capital costs for large-scale battery storage systems installed across the United States differ depending on technical characteristics. Systems are generally designed to provide either greater power capacity (a batteryâs maximum instantaneous power output) or greater energy capacity (the total amount of electricity that can be stored or discharged by a battery system).
(Thu, 31 May 2018) During the spring and summer months, gasoline futures prices are generally higher than distillate futures prices by about 5 cents to 10 cents per gallon (gal). Not only is demand for gasoline in the United States higher in the spring and summer, but the gasoline sold in those months must be summer-grade gasoline, which is more costly to produce.
(Thu, 31 May 2018) Estimates of household energy consumption and expenditures from the 2015 RECS are now available. Featured in this release are estimates of consumption and costs for more than 20 energy end uses not available in previous rounds of RECS. EIA also revised the housing characteristics data from the 2015 RECS.
(Wed, 30 May 2018) Global petroleum inventories declined through 2017 and the first quarter of 2018, marking the end of an extended period of oversupply in global petroleum markets that began before the Organization of the Petroleum Exporting Countries (OPEC) November 2016 agreement to cut production. As OPEC plans to reconvene on June 22, markets now appear more in balance, but uncertainty remains going forward.
(Wed, 30 May 2018) The potential effect autonomous vehicles may have on the future of personal mobility and freight movement has received considerable attention in recent years. This attention has focused not only on discussion of real and perceived costs of travel, shared-use mobility, travel patterns, vehicle design, and vehicle ownership, but also on how autonomous vehicles may affect energy markets.
(Tue, 29 May 2018) Fossil fuel consumption in the electric power sector declined to 22.5 quadrillion British thermal units (quads) in 2017, the lowest level since 1994. The declining trend in fossil fuel consumption by the power sector has been driven by a decrease in the use of coal and petroleum with a slightly offsetting increase in the use of natural gas.
Global oil prices fell by up to 3% Friday after Saudi Arabia said it is working on a plan with allies to boost oil supplies in H2 2018. OPEC and its partners led by Russia had been expected to maintain their strategy of 1.8 million b/d of cuts until the end of the year. However, the group has faced mounting criticism from major consuming nations over failing to dampen prices climbing above $80/b.
Ever since Canada’s Liberal government came to power in late 2015, the 525,000 b/d Northern Gateway and the 1.1 million b/d Energy East pipeline projects fell off the radar, while a final investment decision remains due on the 870,000 b/d Keystone XL pipeline, which received a fresh lease of life after US President Donald Trump resurrected it last year.
(Fri, 25 May 2018) Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up from last yearâs price of $2.40/gal before the holiday weekend. This year marks the highest price ahead of the Memorial Day weekend since 2014, when the national average price of regular gasoline was $3.67/gal.
Since January S&P Global Platts quality differentials for the gangue elements such as
