Energy Update
(Fri, 06 Mar 2015) The U.S. Energy Information Administration released new data today showing national and regional monthly biodiesel production for August through December 2014. In addition to biodiesel production, data included producer sales, producer stocks, and feedstock inputs.
(Fri, 06 Mar 2015) As the 12th-largest nation in the world, the Philippines has a population of more than 100 million people spread over 7,000 islands, presenting several electricity infrastructure challenges. Currently, the country is facing concerns over resource adequacy in its power sector, as the nation is challenged to add supply quickly enough to keep up with growing demand.
The renewable energy market has been slowly strengthening ties with energy storage, and it now seems to be tying a secure knot. Wind and solar developer SunEdison announced today that it bought the energy storage team, projects and 100-MW pipeline of Pennsylvania-based Solar Grid Storage (SGS).
Global utility-scale PV added 14.2 GW in 2014 doubling 2013 totals and bringing total global generating capacity to 35.9 GW in 2014, according to figured released by Wiki-Solar. The 2014 additions equate to the entire installed capacity at the end of 2012, demonstrating recent massive growth.
New entrants to Japan’s solar power market are being told they may be unable to sell all the power to Japan’s utilities that their projects can produce.
In recent months, a veritable open patent war has erupted between Tesla Motors and Toyota. Both companies have been widely cited in the industry and financial press for their respective announcements opening up their electric vehicle (Tesla) and fuel cell (Toyota) patents. Tesla CEO Elon Musk opened the first salvo with a blog post last June in which he announced that Tesla would “not initiate patent lawsuits against anyone who, in good faith, wants to use our technology.”
The global demand for fossil fuels is swelling against a tight economic environment, and the Middle East is no exception. The domestic consumption of energy in the region is increasing at an astonishing rate. Saudi Arabia’s consumption of oil and gas has risen by approximately 5.9 percent over the past five years, while electricity demand is witnessing an annual growth rate of 8 percent.
Temperatures outside are bone-chilling, but the trading screen was red hot. That’s because ultra low sulfur diesel (ULSD) futures rocketed higher in response to the Arctic blast.
Analysts surveyed by Platts on Monday expected crude oil stocks to increase 3.7 million barrels week over week, but the latest data from the US EIA shows a much greater build.
(Thu, 05 Mar 2015) U.S. exports of noncrude petroleum products from the United States averaged a record 3.8 million barrels per day (bbl/d) in 2014, an increase of 347,000 bbl/d from 2013, based on data from EIA's Petroleum Supply Monthly. In particular, exports of motor gasoline, propane, and butane increased, offsetting a decrease in distillate exports.
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