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Home2022

Year: 2022

Yemen's Houthis suspend strikes on Saudi Arabia for three days
Crude Oil News

Yemen’s Houthis suspend strikes on Saudi Arabia for three days

March 26, 2022 Stu Turley

Yemen’s Houthi group said on Saturday it was suspending missile and drone strikes on Saudi Arabia for three days, in a peace initiative it said could be a lasting commitment if the Saudi-led coalition fighting […]

Duration of utility-scale batteries depends on how they’re used
EIA News

Duration of utility-scale batteries depends on how they’re used

March 25, 2022

At the end of 2021, the United States had 4,605 megawatts (MW) of operational utility-scale battery storage power capacity, according to our latest Preliminary Monthly Electric Generator Inventory. Power capacity refers to the greatest amount […]

No Picture
EIA News

Duration of utility-scale batteries depends on how they’re used

March 25, 2022

March 25, 2022 Source: U.S. Energy Information Administration, Annual Electric Generator Report At the end of 2021, the United States had 4,605 megawatts (MW) of operational utility-scale battery storage power capacity, according to […]

EIA projects U.S. renewable diesel supply to surpass biodiesel in AEO2022
EIA News

EIA projects U.S. renewable diesel supply to surpass biodiesel in AEO2022

March 24, 2022

In our Annual Energy Outlook 2022 (AEO2022) Reference case, which reflects current laws and regulations, we project that renewable diesel supply (domestic production and net imports) will exceed biodiesel supply in the near term. We […]

No Picture
EIA News

EIA projects U.S. renewable diesel supply to surpass biodiesel in AEO2022

March 24, 2022

March 24, 2022 Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) In our Annual Energy Outlook 2022 (AEO2022) Reference case, which reflects current laws and regulations, we project that renewable diesel […]

Dallas Fed Warns Cutoff of Russian Energy Could Cause Global Recession
Energy Policy

Dallas Fed Warns Cutoff of Russian Energy Could Cause Global Recession

March 24, 2022 Mariel Alumit

A sustained halt in Russian energy exports could have a dire effect on the global economy, a report from the Federal Reserve Bank of Dallas said on Tuesday. “If the bulk of Russian energy exports […]

U.S. gasoline and diesel prices declined slightly the week after their March 14 peak
EIA News

U.S. gasoline and diesel prices declined slightly the week after their March 14 peak

March 23, 2022

On March 21, the U.S. regular retail gasoline price across all formulations (conventional and reformulated) averaged $4.24 per gallon (gal), and the U.S. on-highway retail diesel fuel price averaged $5.13/gal. Retail gasoline prices peaked in […]

No Picture
EIA News

U.S. gasoline and diesel prices declined slightly the week after their March 14 peak

March 23, 2022

March 23, 2022 Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update On March 21, the U.S. regular retail gasoline price across all formulations (conventional and reformulated) averaged $4.24 per gallon (gal), […]

Giant Oil Trader Vitol Demand Gap Will Widen Over Next Few Years
Crude Oil News

Giant Oil Trader Vitol: Demand Gap Will Widen Over Next Few Years

March 23, 2022 Mariel Alumit

Oil demand is growing, and is expected to outpace pre-pandemic levels this year, according to global energy trading giant Vitol, which sees oil demand growth continuing to grow over the next decade. Meanwhile, however, limited […]

Saudi Arabia increases oil investments as it profits from price surge
Exploration and Production

Saudi Arabia increases oil investments as it profits from price surge

March 23, 2022 Mariel Alumit

Saudi Arabia’s state oil company Aramco, under pressure from the West to boost output amid soaring prices, pledged on Sunday to hike investments by around 50% this year as it reported a doubling in 2021 […]

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