Energy Update
One of the notable remarks yesterday from Energy Finance 2015 comes from Jim Hempstead, associate managing director in the Global Project and Infrastructure Finance Group at Moody’s Investor Service.
The Japanese government has announced the new feed-in tariff (FIT) rate for the fiscal year 2015, effective April 1st. The new FIT rate for residential solar photovoltaic (PV) systems will be ¥33/kWh, down from ¥37/kWh the previous fiscal year.
This winter saw record volumes of LNG arriving on the shores of Europe, as cargoes sought value in an environment of weak LNG spot pricing.
(Thu, 19 Mar 2015) With lower U.S. refinery runs and increases in domestic crude oil production, U.S. commercial crude oil inventories at the end of February provided the most days of supply since the mid-1980s. Commercial crude inventories were sufficient to supply 29 days of U.S. refinery demand, based on expected refinery runs in March.
(Thu, 19 Mar 2015) New monthly data are available for electricity, natural gas, and coal series. In addition, the Quick Facts and analytical narratives for Illinois, Indiana, Michigan, and Ohio have been updated. New annual data for 2013 are also available for ethanol consumption and vehicle miles traveled, and new 2012 data are provided for the number of motor gasoline stations.
At 458.51 million barrels, US stockpiles for this time of year are at the highest level seen in at least 80 years, the US EIA said Wednesday.
WASHINGTON, March 18 (Reuters) - U.S. Representatives asked the Department of Energy on Wednesday to explain its plans for the emergency oil reserve, a facility created after the 1970s oil crises, but likely to be reduced in light of a sharp drop in crude imports.
UNITED NATIONS, March 18 (Reuters) - A South Sudanese warlord who abducted about 89 boys from their school has offered to let them return to finish exams as long as they are then given back to him to fight, United Nations global education envoy Gordon Brown said on Wednesday.
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