U.S. Renewable Power Output, U.S.-Mexico Energy Trade: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

POWER
U.S. Renewables Output Overtakes Nuclear - Combined electricity generation from solar and wind farms in the U.S. surpassed output from nuclear plants for the first time during the opening half of 2024, cementing renewable energy assets as the primary source of clean power in the country. Electricity generation from utility-scale solar and wind assets during the first half of 2024 was a record 401.4 terawatt-hours (TWh), compared to 390.5 TWh from nuclear reactors, data from energy think tank Ember shows. (Reuters)

GOVERNMENT
U.S.-Mexico Energy Trade Value Dipped in 2023 - The value of crude oil and fuel trade between the U.S. and Mexico fell nearly 15% to $66.5 billion in 2023, despite an increased trade volume, the U.S. Energy Information Administration (EIA) said on Monday. Lower fuel prices last year more than offset the increase in energy trade volume between the two countries, the EIA said. U.S. crude oil imports from Mexico averaged 733,000 barrels per day (BBL/d) in 2023, 15% more than in 2022, but the value of imports shrank 4% due to lower crude oil prices. U.S. petroleum product exports to Mexico averaged 1.2 million BBL/d in 2023, up 1% from 2022. However, the value of exports dropped 9% when adjusted for inflation. U.S. natural gas exports to Mexico averaged 6.2 billion cubic feet per day in 2023, 8% more than in 2022, but due to lower fuel prices, the trade value fell by 52% from 2022. (Reuters)

PRODUCTION
Bolivia Announces Large Natural Gas Find - Bolivian President Luis Arce on Monday announced the discovery of a 1.7 trillion-cubic-foot (TCF) natural gas reserve located north of the country's administrative capital, La Paz. "A 1.7 TCF reserve is confirmed, being the most important discovery for Bolivia since 2005," Arce said in a speech at the government palace. "It will likely make for the third best-producing field in the whole country," he said. (Reuters)

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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).