Oil outlook – crunch time or gloom mongering?
That the global oil market is set to tighten over the coming years is not in doubt, but whether it’s time to hit the panic button over a future supply crunch is another issue.
Air conditioning and other appliances increase residential electricity use in the summer
(Mon, 22 May 2017) Residential electricity consumption rises and falls seasonally substantially more than commercial or industrial consumption, largely because of air conditioning use in the summer. According to the most recent data from EIAâs Residential Energy Consumption Survey (RECS), nearly 9 out of 10 U.S. homes are air conditioned by central units, individual (window, wall, or portable) units, or both.
Milan steel fair gripped by talks on ILVA impact, import curbs
Steel industry participants gathered at Made in Steel fair in Milan, Italy, ahead of large changes expected in the Italian and wider European steel industry.
OPEC net oil revenues in 2016 were the lowest since 2004
(Fri, 19 May 2017) Members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues in 2016, the lowest since 2004. In real dollar terms, the 2016 revenue represents a 15% decline from the $509 billion earned in 2015, mainly because of the fall in average annual crude oil prices and, to a lesser extent, because of decreases in OPEC net oil exports.
Large commercial buildings are more likely to use lighting control strategies
(Thu, 18 May 2017) The most recent Commercial Buildings Energy Consumption Survey (CBECS) collected new information about lighting control technologies and strategies in the United States in 2012.
Cautious progress in Libya’s oil output
While rising Libyan oil production is problematic for OPEC as it seeks to reduce output to rebalance the market, on a national level it raises hopes that Libya is slowly recovering from years of war and infighting.
How can shipowners best deal with tighter IMO sulfur limits post-2020?
At the risk of stating the obvious, shipowners are in a tight spot.
California electricity mix in 2017 has involved more renewables, less natural gas
(Wed, 17 May 2017) So far in 2017, increased hydroelectric generation and solar power generation in California have contributed to lower natural gas-fired power generation in the California Independent System Operator (CAISO) region, the electric system operator for much of the state.
Trends in Lighting in Commercial Buildings
(Wed, 17 May 2017) This report uses information from EIAâs Commercial Buildings Energy Consumption Survey (CBECS) to review trends in commercial lighting.
Oil-fired power plants provide small amounts of U.S. electricity capacity and generation
(Tue, 16 May 2017) Roughly 70% of petroleum-fired electric generating capacity that still exists today was constructed prior to 1980. Utility-scale generators that reported petroleum as their primary fuel comprised only 3% of total electric generating capacity at the end of 2016 and produced less than 1% of total electricity generation during 2016.