The firm said in a statement on Thursday that the total construction costs will reach about 50 billion yen ($329.3 million). Besides a 230,000-cbm LNG tank, the expansion includes other facilities such as LNGvaporizer, BOG […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 8. In fuels, however, inventories fell. At the time of writing, Brent crude was […]
Crude oil prices remained largely unchanged today, after the U.S. Energy Information Administration reported an inventory draw of a modest half a million barrels for the week to October 25. At the time of writing, Brent crude was trading […]
In the Energy News Beat – Conversation in Energy with Stuart Turley talks with John Kem, President of American Battery Factory, discuss the growing demand for energy storage to stabilize the grid amidst increasing renewable energy […]
Oil prices initially rose on a smaller-than-expected US producer price increase and the API’s report of declining crude oil inventories. Optimism faded after the EIA reported an inventory build, causing prices to fall. Geopolitical tensions […]
In our latest Short-Term Energy Outlook, we forecast that U.S. working natural gas inventories will be 3,954 billion cubic feet (Bcf) by the end of October, the most natural gas in U.S. storage since November 2016. […]
Despite claims of replenishment, the Strategic Petroleum Reserve (SPR) remains significantly below pre-Biden levels. The DOE’s statements create a misleading impression by including barrels not yet delivered and canceled sales in their replenishment figures. The […]
A unit of China National Offshore Oil Company (CNOOC) has completed lifting the roof on one 270,000-cbm tank as part of an expansion project at its Ningbo LNG import facility in the Chinese province of […]
Injections into natural gas storage in the Lower 48 states since April 1 have totaled 950 billion cubic feet (Bcf), according to our July 18 Weekly Natural Gas Storage Report. So far this injection season (April […]
California residents are increasingly pairing battery storage with solar installations, according to the latest preliminary data in our Monthly Electric Power Industry Report. The share of new residential solar photovoltaic systems paired with batteries has increased […]
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