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Home2022July

Month: July 2022

Saudi
Crude Oil News

Saudi energy minister, Russia’s Novak discuss cooperation ahead of OPEC+ meeting

July 29, 2022 Mariel Alumit

DUBAI, July 29 (Reuters) – Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman met Russian Deputy Prime Minister Alexander Novak on Friday in Riyadh, the Saudi energy ministry said on Twitter. The two discussed the […]

copper
International News

Anglo American’s new boss sounds warning on future copper supply

July 29, 2022 Mariel Alumit

The world is headed for a severe shortage of copper crucial to the green-energy transition as new mines become increasingly difficult to build, according to the new head of Anglo American Plc. “I genuinely don’t […]

EIA News

Public U.S. oil producers saw higher revenues and higher operational costs during Q1 2022

July 29, 2022 Mariel Alumit

In the first quarter of 2022, 53 U.S. exploration and production companies reported both higher revenues and higher material and labor costs compared with the first quarter of 2021.July 22, 2022 Data source: U.S. Energy […]

EIA News

The United States became the world’s largest LNG exporter in the first half of 2022

July 29, 2022 Mariel Alumit

The United States became the world’s largest liquefied natural gas (LNG) exporter during the first half of 2022, according to data from CEDIGAZ. Compared with the second half of 2021, U.S. LNG exports increased by […]

EIA News

U.S. uranium concentrate production in 2021 remained near all-time lows

July 29, 2022 Mariel Alumit

By most measures, production of uranium concentrate (U3O8) remained at or near all-time lows in the United States during 2021, at 21,000 pounds, which is less than 1% of the post-2000 production high of 4.9 […]

EIA News

Battery systems on the U.S. power grid are increasingly used to respond to price

July 29, 2022 Mariel Alumit

According to the early release of our Annual Electric Generator Report, the capacity of utility-scale battery storage more than tripled in the United States during 2021, from 1.4 gigawatts (GW) at the end of 2020 […]

EIA News

Extending investment tax credits through 2050 increases U.S. solar generation by 10%

July 29, 2022 Mariel Alumit

Extending investment tax credits (ITC) and production tax credits (PTC) through 2050 for renewable electricity generation increases annual U.S. solar generation by 10%, according to our alternative policy analysis, Annual Energy Outlook 2022: Extended and […]

No Picture
International News

India and Egypt sign MoU to set up a green hydrogen plant with investments of $8 billion

July 29, 2022

According to the MoU, the Indian company will set up a plant to produce green hydrogen with a capacity of 20,000 tonnes annually, which can be raised to 220,000 tonnes annually, by using renewable energy […]

No Picture
International News

A new bench of traders muscle in to supply Russian oil to India

July 29, 2022

State-run refiners such as Indian Oil Corp. are warming to the idea of buying from the lesser-known traders. Refinery officials said they’ve found it easier to work with them, rather than directly with Russian producers, […]

No Picture

Energy Levelized — Episode 11: Powering Up the Power Markets

July 28, 2022

In our latest episode of Energy Levelized, we discuss how U.S. state and federal regulators are managing the integration of renewable technology, increased power demand following COVID-19, and rising summer temperatures. Morgan Kwan and Ian […]

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