Author: Jude Hislop

US Gulf Coast port limitations impose additional costs on rising American crude oil exports

Inability to fully load larger and more cost-effective vessels has pricing implications for US crude oil exports U.S. crude oil exports averaged 1.1 million barrels per day (b/d) in 2017 and 1.6 million b/d so far in 2018, up from less than 0.5 million b/d in 2016, according to the U.S. Energy Information Administration. This growth in U.S. crude oil exports happened despite the fact that U.S. Gulf Coast onshore ports cannot fully load Very Large Crude Carriers (VLCC), the largest and most economic vessels used for crude oil transportation. Instead, export growth was achieved using smaller and less...

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Tax credits, solar tariffs affect timing of projected US wind and solar energy deployment

30% increase in solar PV module cost raises total installed costs by about 10% The timing and magnitude of adding wind- and solar-powered electricity generators to the U.S. grid are sensitive to federal policies, especially federal tax credits that are currently scheduled to expire or diminish by 2022, according to the U.S. Energy Information Administration. In addition to the Reference case of EIA’s latest Annual Energy Outlook 2018 (AEO2018), which reflects current laws and regulations, three side cases show the potential effects of extending or eliminating certain tax credits. These cases also show the effect of the recently approved tariffs on imported solar photovoltaic...

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Oil and gas, petrochemicals impact of Trump’s decision to impose Iran sanctions – Platts

4.4 million Mt of polyethylene capacity that was scheduled to come online by 2025 could be in doubt from reimposed US sanctions Trump’s plan to leave the Iran nuclear deal and reimpose sanctions could have major impacts for global oil, natural gas, metals and petrochemical markets, according to a FACTBOX just released by S&P Global Platts. President Donald Trump announced Tuesday the US will withdraw from the Iran nuclear deal and put “powerful” economic sanctions back “into full effect.” Energy-related sanctions take immediate effect for new business, National Security Advisor John Bolton told reporters during a White House briefing....

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Air conditioning is key driver of global electricity demand

Today, less than a third of global households own an air conditioner The growing use of air conditioners in homes and offices around the world will be one of the top drivers of global electricity demand over the next three decades, according to new analysis by the International Energy Agency that stresses the urgent need for policy action to improve cooling efficiency. A new IEA report – “The Future of Cooling” – shows that without new efficiency standards the world will be facing a “cold crunch” from the growth in cooling demand in coming decades. Global energy demand from...

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Most of America’s propane exports headed to Asia

Half of US propane production is from the Gulf Coast In 2017, the United States exported 905,000 barrels per day (b/d) of propane, with the largest volumes going to supply petrochemical feedstock demand in Asian countries – Japan, China, South Korea, and Singapore – according to the U.S. Energy Information Administration. They collectively imported 452,000 b/d of U.S. propane in 2017, or approximately half of total U.S. propane exports. Overall, propane accounted for 17% of all U.S. petroleum product exports in 2017. U.S. propane exports to these four countries doubled between 2015 and 2017, displacing some of the region’s propane...

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