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    Today in Energy

  • U.S. petroleum product exports set a record high in 2022
    In 2022, the United States set a new record for petroleum product exports, up 7% from 2021, according to our Petroleum Supply Monthly. U.S. petroleum product exports averaged 5.97 million barrels per day (b/d) in 2022 (405,000 b/d more than in 2021) driven by an increase of 18% (193,000 b/d)... Read more »
  • EIA projects that U.S. energy-related CO2 emissions will fall through 2050 in AEO2023
    U.S. energy-related CO2 emissions drop 25% to 38% below what they were in 2005 by 2030, according to our projections in the Annual Energy Outlook 2023 (AEO2023). We use 2005 as an emissions reference year because the United States' nationally determined contribution (NDC), submitted as part of the Paris Agreement,... Read more »
  • Residential retail electric choice participation rate has leveled off since 2019
    In 2021, 26% of eligible U.S. customers participated in their state's retail choice program, or 13.2 million U.S. residential electric customers, based on data from our Annual Electric Power Industry Report. The participation rate in U.S. residential retail choice programs remained relatively unchanged from 2019 to 2021, following several years... Read more »
  • U.S. natural gas consumption set nine monthly records and an annual record in 2022
    In 2022, U.S. natural gas consumption averaged a record 88.5 billion cubic feet per day (Bcf/d)—the highest annual natural gas consumption, according to records beginning in 1949. U.S. natural gas consumption last year increased 5% (4.5 Bcf/d) from 2021, the second-fastest year-over-year growth since 2013. Natural gas consumption in the... Read more »
  • U.S. ethane demand grew 9% in 2022, driven by petrochemical capacity additions
    In 2022, U.S. ethane demand increased by approximately 9%, or almost 0.2 million barrels per day (b/d), according to our Petroleum Supply Monthly. U.S. production and consumption of ethane (a hydrocarbon gas liquid used almost exclusively as a feedstock in the petrochemical industry) has grown since 2010, along with the... Read more »





  • Venezuela Oil Minister Resigns Amid PDVSA Corruption Probe
    Tareck El Aissami, Venezuela’s oil minister for three years, has resigned amid a corruption probe into state oil company PDVSA, Reuters has reported, noting six arrests have already been made. The probe, which also covers the judiciary, has so far resulted in the arrests of two judges, a mayor, and... Read more »
  • New Report Estimates A $110 Trillion Price Tag For Net Zero Emissions
    Global investments in the energy transition would need to increase to $3.5 trillion per year if the world is to become a net-zero place by 2050, a climate change think tank has said in a new report, in which it noted there were no fundamental barriers to the net-zero plan.... Read more »
  • The Age Of The U.S. As A Middle East Power Broker Is Over
    Although White House national security spokesperson, John Kirby, did observe tersely that the deal done on 10 March between Iran and Saudi Arabia to re-establish relations “is not about China”, it absolutely was about China. What it absolutely was not about was the U.S. The biggest diplomatic coup in the... Read more »
  • Goldman Sachs No Longer Sees $100 Oil In 2023
    Last week, oil prices booked their worst week since the start of the year, dropping off a cliff on renewed fears about the global economy after the collapse of two big U.S. banks and the near-collapse of Credit Suisse. While most price forecasts for the short term have been bullish... Read more »
  • Rising Chinese Crude Demand Sends Supertanker Rates Soaring
    Shipping rates for supertankers have recently shot up above $100,000 a day as the market for very large crude carriers (VLCC) tightens and Chinese oil demand rises.   Chinese refiners are chartering more supertankers to bring crude later this year as the economy reopens. At the same time, the sanctions on... Read more »
  • Is There A New Cold War Brewing Between East And West?
    The increasingly ferocious competition between the United States and its allies on the one hand, and China and the “axis of autocratic states” on the other, has taken on unmistakable signs of a “new Cold War.” The leadership of President Xi Jinping, who is a hawkish nationalist convinced of the... Read more »
  • Economic Worries Weigh On Nickel Prices
    Via AG Metal Miner The Stainless Monthly Metals Index (MMI) dropped 4.68% from February to March. Meanwhile, the price of Nickel also fell significantly. Stainless Spot Pricing for Buyers U.S. cold rolled stainless steel import licenses remain depressed. Indeed, many importers appear apprehensive, as it remains too risky to bring in materials due... Read more »



    Energy News - Energy Technology - Energy Business - Energy and the Environment

  • Researchers create breakthrough spintronics manufacturing process that could revolutionize the electronics industry
    Minneapolis MN (SPX) Mar 21, 2023 University of Minnesota Twin Cities researchers, along with a team at the National Institute of Standards and Technology (NIST), have developed a breakthrough process for making spintronic devices that has the potential to become the new industry standard for semiconductors chips that make up... Read more »
  • Minimizing electric vehicles' impact on the grid
    Boston MA (SPX) Mar 21, 2023 National and global plans to combat climate change include increasing the electrification of vehicles and the percentage of electricity generated from renewable sources. But some projections show that these trends might require costly new power plants to meet peak loads in the evening when... Read more »
  • Scientists create novel bandgap-tunable 2D nanosheets made from perovskite oxynitrides
    Kumamoto, Japan (SPX) Mar 21, 2023 Two-dimensional monolayer nanosheets made from layered perovskite have many desirable properties. However, it has been difficult to create them with tunable bandgaps in the visible region without adding oxygen defects. Recently, researchers from Japan were able to successfully develop chemically stable nanosheets from perovskite... Read more »
  • Russian uranium delivery to France 'scandalous': Greenpeace
    Paris (AFP) March 20, 2023 Russia delivered enriched uranium to France on Monday in a move the NGO Greenpeace described as "scandalous" following Moscow's invasion of Ukraine. A cargo ship unloaded cylinders of uranium from Russia at the French port of Dunkirk on Monday morning, according to an AFP journalist.... Read more »
  • Porous insulator contact breaks passivation-transport trade-off
    Hefei, China (SPX) Mar 21, 2023 A research team led by Prof. XU Jixian from the University of Science and Technology of China (USTC) of the Chinese Academy of Sciences (CAS) designed and fashioned a novel porous insulator contact (PIC) for perovskite solar cells. The PIC ameliorated the non-radiative charge... Read more »
  • Solar industry feeling the heat over disposal of 80 million panels
    Adelaide, Australia (SPX) Mar 21, 2023 The renewable energy sector is facing a quandary: how Australia will dispose of 80 million solar panels in an environmentally friendly way when they reach the end of their life. Paradoxically, one of the reasons people are installing solar photovoltaic (PV) panels in huge... Read more »
  • UT Austin leads review of world water resources
    Austin TX (SPX) Mar 21, 2023 A recent review study led by The University of Texas at Austin provides an overview of the planet's freshwater supplies and strategies for sustainably managing them. Published in Nature Reviews Earth and Environment, the study highlights the connections between surface and groundwater and calls... Read more »






  • This Is the Make-or-Break Decade for Climate Action, IPCC Warns
    Decisions made this decade will largely determine whether world leaders can limit global warming to 1.5 or two degrees Celsius of warming below pre-industrial levels and avoid the increasingly more drastic impacts of the climate crisis.  That’s one key takeaway from the Intergovernmental Panel on Climate Change’s (IPCC) Synthesis Report... Read more »
  • EU Solar Companies Say New Plans to Boost Domestic Products Over Imports Would Hamper Solar Progress
    European solar companies disapprove of local content rules in the European Commission’s proposed Net Zero Industry Act that effectively limit Chinese imports, saying the rules will make the transition to clean energy more difficult. The rules require governments to reduce public funding and consumer subsidies for renewables projects if companies... Read more »
  • VideoMillions of Fish Dead in Australia River Following Low Oxygen Levels, High Temperatures
    In Menindee, New South Wales, millions of dead fish have been found in the Darling River. Local authorities and scientists say the die-off event is likely due to high temperatures and low oxygen levels as water from recent floods recedes. The dead fish are primarily bony herring, or bony bream,... Read more »
  • EU Seeks to Boost Domestic Green Energy Production With Net Zero Industry Act
    The European Union on Thursday unveiled its plan to become a major global player in the green energy transition.  Its Net Zero Industry Act sets a goal of manufacturing at least 40 percent of its own clean technology by 2030. “We need a regulatory environment that allows us to scale... Read more »
  • Texas Education Officials Weaken Climate Science in Textbooks
    The Texas State Board of Education changed its guidelines last month to "emphasize the 'positive' aspects of fossil fuels in science textbooks," Scott Waldman reported yesterday. The Republican-controlled board approved changes proposed by climate denier Patricia Hardy, who wants teachers to offer "both sides" of climate science. The post Texas... Read more »
  • VideoVideoArctic Sea Ice Maximum Extent Is Fifth Lowest on Record
    The Arctic sea ice extent for the Northern Hemisphere winter of 2023 is the fifth lowest on record. The National Snow and Ice Data Center (NSIDC) announced Wednesday that the Arctic sea ice likely reached its maximum extent on March 6 at 5.64 million square miles. That’s 398,000 square miles... Read more »
  • Global Freshwater Demand Will Exceed Supply 40% by 2030, Experts Warn
    Samuel Taylor Coleridge first published the poem “The Rime of the Ancient Mariner” in 1798, but, with the world running out of fresh water, the lines, “Water, water, every where, / Ne any drop to drink,” feel timely. Today, the planet is facing an unprecedented water crisis, with global freshwater... Read more »