Energy Update
(Thu, 13 Jul 2017) EIA now forecasts Brent crude oil spot prices to average $51 per barrel (b) in 2017 and $52/b in 2018. West Texas Intermediate (WTI) crude oil prices are expected to be $2/b lower than Brent prices in 2017 and 2018. Daily and monthly prices could vary significantly from this forecast because global economic developments and geopolitical events in the coming months have the potential to push oil prices higher or lower than the current forecast.
FACTS technology to support major expansion project at Norway’s Nyhamna gas plant supplying power to up to 22 million UK homes.
ClearSign Combustion, a provider of industrial combustion technologies that deliver unmatched reduction of pollutant emissions while improving operational costs, announced that they have received a purchase order to qualify the company's revolutionary Duplex combustion technology as a precursor to an installation at a super major oil refinery.
With hundreds of solar engineering, procurement and construction (EPC) providers in the world, deciding who is going to build their multi-million-dollar solar farm, is not something developers take lightly.
Lackluster demand in key markets has persisted, and renewed concerns in Brazil are leading to a pessimistic outlook for Latin American polymer markets.
Xinjiang Goldwind Science & Technology Co., China’s biggest wind turbine maker, is expanding its footprint abroad with new deals in the Philippines and Australia.
Technological and cost breakthroughs are expected to lead to rapid growth in the number of utility and behind-the-meter storage projects. Industry insiders say the energy storage market in 2017 feels like the rise of the solar industry in the late 2000s.
This week at Intersolar North America in San Francisco, LG Electronics USA (LG Solar) introduced new solar panels designed to make residential installation easier and improve product efficiency through design.
Flex company NEXTracker yesterday launched TrueCapture, an intelligent, self-adjusting tracker control system the company says is a first for solar power plants.
(Wed, 12 Jul 2017) As of January 1, 2017, U.S. operable atmospheric crude distillation capacity reached 18.6 million barrels per calendar day (b/cd), 1.6% higher than at the beginning of 2016, according to EIA's annual Refinery Capacity Report. This increase in operable capacity was slightly lower than last yearâs increase of 2.0%
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