Released August 09, 2023 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
POWER
Biden's Carbon Proposal Unworkable, Warns U.S. Power Sector - U.S. power plant owners warned the Biden administration on Tuesday that its plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. Top utility trade group the Edison Electric Institute asked the U.S. Environmental Protection Agency (EPA) for revisions of the proposed power plant standards, which hinge on the widespread commercial availability of carbon capture and storage and low-emissions green hydrogen, adding the agency's vision was "not legally or technically sound." U.S. President Joe Biden has a goal to achieve net-zero emissions by 2035 in the U.S. power sector, the source of a quarter of the nation's climate warming gases. (Reuters)
PRODUCTION
EIA: U.S. Crude Oil Output to Rise to Record in 2023 - U.S. crude oil production is expected to rise by 850,000 barrels per day (BBL/d) to record 12.76 million BBL/d in 2023, according to a monthly report from the U.S. Energy Information Administration (EIA) on Tuesday. Crude oil production also is expected to rise by 330,000 BBL/d to 13.09 million bpd in 2024, the EIA data showed. (Reuters)
NATURAL GAS
U.S. Gas Gains on Hot Weather - U.S. natural gas futures firmed on Tuesday as hotter-than-normal weather kept air conditioning demand high, especially in Texas, offsetting pressure from rising output. Front-month gas futures for September delivery on the New York Mercantile Exchange settled 5.2 cents, or 1.9%, higher at $2.777 per million British thermal units. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
POWER
Biden's Carbon Proposal Unworkable, Warns U.S. Power Sector - U.S. power plant owners warned the Biden administration on Tuesday that its plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. Top utility trade group the Edison Electric Institute asked the U.S. Environmental Protection Agency (EPA) for revisions of the proposed power plant standards, which hinge on the widespread commercial availability of carbon capture and storage and low-emissions green hydrogen, adding the agency's vision was "not legally or technically sound." U.S. President Joe Biden has a goal to achieve net-zero emissions by 2035 in the U.S. power sector, the source of a quarter of the nation's climate warming gases. (Reuters)
PRODUCTION
EIA: U.S. Crude Oil Output to Rise to Record in 2023 - U.S. crude oil production is expected to rise by 850,000 barrels per day (BBL/d) to record 12.76 million BBL/d in 2023, according to a monthly report from the U.S. Energy Information Administration (EIA) on Tuesday. Crude oil production also is expected to rise by 330,000 BBL/d to 13.09 million bpd in 2024, the EIA data showed. (Reuters)
NATURAL GAS
U.S. Gas Gains on Hot Weather - U.S. natural gas futures firmed on Tuesday as hotter-than-normal weather kept air conditioning demand high, especially in Texas, offsetting pressure from rising output. Front-month gas futures for September delivery on the New York Mercantile Exchange settled 5.2 cents, or 1.9%, higher at $2.777 per million British thermal units. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
