The Energy Ministry of Russia has submitted a draft law to Dmitri Medvedev that is intended to support the deployment of renewable energy sources, including solar power, wind power, and hydroelectric power. Russia failed to meet its 2010 renewable energy target, which was to obtain 1.5% of the country’s electricity … [continued]
The Texas startup Group1 is banking that the EV battery of the future will deploy potassium to cut costs and improve performance.
Solar power companies are on track to provide more energy to the world than oil and gas soon says Bloomberg.
The US Department of the Interior is stepping up regulations to protect federal lands from the havoc of fossil fuel development and rampant disregard for endangered wildlife. It has announced a final rule to revise the Bureau of Land Management’s (BLM) oil and gas leasing regulations, “which will ensure a … [continued]
China is well known as the world’s leading electric vehicle (EV) market. More than half of the world’s EV sales have occurred there in recent years. It is a standard of the rapid, uplifting EV revolution. In 2023, 25% of auto sales in China were sales of full electric vehicles. … [continued]
Estonia is hosting a new cutting edge pumped hydropower energy storage project that deploys mining operations to minimize surface disruption.
We increased our forecast prices for crude oil and petroleum products for the remainder of 2024 in our March Short-Term Energy Outlook (STEO) following the announcement that OPEC+ will extend the existing voluntary production cuts through the second quarter of 2024. We now forecast significantly less global oil production than world oil consumption through the first … [continued]
U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day (b/d), 13% (482,000 b/d) more than the previous annual record set in 2022. Except for 2021, U.S. crude oil exports have increased every year since 2015, when the U.S. ban on most crude oil exports was … [continued]
The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global … [continued]
U.S. crude oil production averaged 13.3 million barrels per day (b/d) in December 2023, following sustained productivity increases at new wells, according to our latest Petroleum Supply Monthly (PSM). U.S. crude oil production has increased to record highs since 2010 and has risen even more quickly in recent months. These record … [continued]
