Blockchain efforts look to improve trade execution, breakdown data silos
Blockchain’s use by the global energy industry in the years ahead is the subject du jour at industry gatherings these days. Annette Hugh elaborates in her latest blog post.
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From the legendary Pittsburgh steelworker to the things he may own -- blue jeans, bourbon and Harley-Davidson motorcycles -- President Donald Trump’s trade policy and the reaction to it have been both ironic and iconic.
Average U.S. coal mining productivity increases as production falls
(Wed, 07 Mar 2018) Coal mining productivity in the United States increased 26% over the past five years, reaching 6.8 tons per miner hour in 2017, up from 5.4 tons per miner hour in 2012, according to EIAâs Annual Coal Report and data from the Mine Safety and Health Administration (MSHA)
Trump’s proposed tariffs introduce uncertainty
Getting inside President Donald Trump’s head was an early theme Monday at CERAWeek by IHS Markit.
Positive U.S. ethanol margins are driving ethanol production growth
(Tue, 06 Mar 2018) Estimated ethanol production margins at U.S. corn ethanol plants averaged 22 cents per gallon (gal) in 2017. Last year was the fifth consecutive year that margins have averaged more than 20 cents/gal, which has helped drive consistent ethanol production growth over that period.
Short-Term Energy Outlook
(Tue, 06 Mar 2018) North Sea Brent crude oil spot prices averaged $65 per barrel (b) in February, a decrease of $4/b from the January level and the first month-over-month average decrease since June 2017. EIA forecasts Brent spot prices will average about $62/b in both 2018 and 2019 compared with an average of $54/b in 2017.
Sudan and South Sudan Country Analysis Brief
(Mon, 05 Mar 2018) South Sudan was officially recognized as an independent nation state in July 2011 following a referendum held in January 2011, when the South Sudanese voted overwhelmingly in favor of secession. Since the split, Sudan and South Sudanâs oil production has declined because of continued domestic political instability and conflict between the two countries.
Middle East countries plan to add nuclear to their generation mix
(Mon, 05 Mar 2018) Nuclear electricity generation capacity in the Middle East is expected to increase from 3.6 gigawatts (GW) in 2018 to 14.1 GW by 2028 because of new construction starts and recent agreements between Middle East countries and nuclear vendors. The United Arab Emirates (UAE) will lead near-term growth by installing 5.4 GW of nuclear capacity by 2020.
West Coast jet fuel imports increase to meet growing demand
(Fri, 02 Mar 2018) Net imports of jet fuel into the West Coast have increased in recent years as regional jet fuel consumption has outpaced production. States in the West Coast region—those bordering the Pacific Ocean plus Nevada and Arizona—make up about 20% of the U.S. population but account for nearly a third of U.S. jet fuel consumption. Most of these jet fuel imports have come from refineries in Asia.
Natural gas expected to remain most-consumed fuel in the U.S. industrial sector
(Thu, 01 Mar 2018) EIA expects a 40% increase in natural gas consumed in the U.S. industrial sector, from 9.8 quadrillion British thermal units (Btu) in 2017 to 13.7 quadrillion Btu in 2050, according to the <em>Annual Energy Outlook 2018</em> (AEO2018) Reference case. By 2020, industrial natural gas consumption will surpass the previous record set in the early 1970s, according to the AEO2018 Reference case.