QBS Rigs

Russia’s seaborne diesel trading partners shifted after Feb 2023 sanctions

Wed, 15 May 2024 18:34:33 +0000

In 2023, Brazil and Saudi Arabia replaced France and Germany as the countries with the second- and third-most seaborne diesel imports from Russia after sanctions related to Russia’s petroleum product trade went into effect in February 2023. Tï¿½rkiye was Russia’s largest seaborne diesel importer in both 2022 and 2023.

U.S. share of electric and hybrid vehicle sales decreased in the first quarter of 2024

Wed, 15 May 2024 18:34:32 +0000

The share of electric and hybrid vehicle sales in the United States decreased in the first quarter of 2024 as battery electric vehicle (BEV) sales declined. Hybrid vehicles, plug-in hybrid electric vehicles, and BEVs fell to 18.0% of total new light-duty vehicle (LDV) sales in the United States in the first quarter of 2024 (1Q24) from 18.8% in 4Q23, according to estimates from Wards Intelligence.

Higher refining costs could increase summer gasoline prices

Wed, 15 May 2024 18:34:32 +0000

Average monthly prices for regular-grade retail gasoline in the United States could increase by more than 10 cents per gallon (gal) if refinery output is lower than expected, according to an analysis we published on May 14.

U.S. share of electric and hybrid vehicle sales decreased in the first quarter of 2024

Tue, 14 May 2024 14:44:01 +0000

U.S. coal-fired electricity generation decreased in 2022 and 2023

Fri, 10 May 2024 13:55:53 +0000

Electricity generation from units that primarily consume coal in the U.S. Lower 48 states decreased for all hours of the day by about 23% between 2021 and 2023, according to our Form EIA-930, Hourly and Daily Balancing Authority Operations Report. Most of the decline occurred between 2022 and 2023, when coal-fired generation fell 19% and the average natural gas spot price at the Henry Hub decreased by more than 60%.

Propane prices were slightly lower this winter compared with last winter

Thu, 09 May 2024 12:31:32 +0000

U.S. wholesale and retail propane prices were slightly lower on average this winter than last winter, largely because of mild weather and robust propane inventories heading into this winter heating season. Despite lower prices and lagging domestic demand, however, continuing international demand for U.S. propane contributed to large withdrawals and left end-of-winter propane inventories below last winter’s year-end levels.

U.S. West Coast refinery demand for hydrogen increasingly met by merchant suppliers

Tue, 07 May 2024 18:07:38 +0000

U.S. West Coast refiners are using more hydrogen purchased from merchant suppliers than from their own production. From 2012 to 2022, hydrogen purchased by refiners in the region increased 29% to about 550 million cubic feet per day (MMcf/d). Over the same period, on-site refinery-produced hydrogen production from natural gas fell 20% to about 330 MMcf/d. Merchant suppliers accounted for more than 62% of the hydrogen consumed by West Coast refineries in 2022.

China continues rapid growth of nuclear power capacity

Mon, 06 May 2024 12:11:37 +0000

In the past 10 years, more than 34 gigawatts (GW) of nuclear power capacity were added in China, bringing the country’s number of operating nuclear reactors to 55 with a total net capacity of 53.2 GW as of April 2024. An additional 23 reactors are under construction in China. The United States has the largest nuclear fleet, with 94 reactors, but it took nearly 40 years to add the same nuclear power capacity as China added in 10 years.

Japan’s energy policies aim to reduce use of fossil fuels in electricity generation

Thu, 02 May 2024 18:11:27 +0000

In the first part of our two-part series on Japan’s energy policies in the electric power sector, we examined policies affecting generation from non-fossil fuel sources, namely renewable sources and nuclear generation.

Japan’s energy policies aim for increased zero-carbon electricity generation

Thu, 02 May 2024 15:05:57 +0000

Over the last several years, the Japanese government has announced energy policies aimed to achieve carbon neutrality, or net-zero greenhouse gas (GHG) emissions, by 2050 by lowering emissions in the electric power, industrial, and transportation sectors. In the electric power sector, government policies set 2030 targets, which include accelerated investment in renewable capacity, increased use of nuclear generation, and reduced use of fossil fuels for electricity generation. Japan’s government called the package of energy policies and their targets “ambitious.” Energy security considerations may affect the progress and pace of decarbonization in the electric power sector.