The airline industry would be ready to embrace the fact that sustainable aviation fuel (SAF) will always be more expensive than oil-based jet fuel, Willie Walsh, Director General at the International Air […]
PI News Feed
$100 Oil Is Bad For The Economy (And For OPEC+)
Crude oil prices are on the rise, driven by stark cutbacks imposed by Saudi Arabia and Russia, the main forces behind OPEC+. The cuts, implemented by the oil cartel in order to […]
Hickenlooper touts interregional transmission as new report tackles US grid risks
Dive Brief: The U.S. electrical grid faces significant risk from extreme weather, rising demand, an evolving resource mix and physical and cyber attacks, according to a report published Tuesday by SAFE, a […]
OPEC+ production cuts drive up sour crude oil price around the world
Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour and heavy, sour grades of crude oil. These cuts are increasing prices for these grades compared with […]
I Can See Clearly Now – E&Ps Slow Capex Growth Amid Talk of Cost Deflation in 2024
Rapidly rising prices for goods and services have plagued the economy since the onset of the pandemic — and led the Federal Reserve to ratchet up interest rates to help cool things […]
Residential DER surges 63% in MISO, pushing distributed resources to 12.5 GW: report
Dive Brief: Distributed energy resources in the Midcontinent Independent System Operator footprint grew to 12.5 GW this year as residential DER jumped 63% from 2022, according to an Organization of MISO States, […]
Michael Bloomberg Pledges Another $500 Million To “Finish The Job On Coal”
Michael Bloomberg is doubling down on his climate ambition to “finish the job on coal” and shut down all remaining coal-fired power plants in the United States by 2030. As part of […]
How The Transition Push Contributed To Higher Oil Prices
Earlier this week, Morgan Stanley said in a note that all signals for crude all were "flashing tightness". The investment bank joined a growing number of forecasters expecting Brent crude to top […]
I Want to Take You Higher – How Much Will the Midland-to-Houston WTI Price Spread Widen as Oil Flows Shift?
Over the past three-plus years, Corpus Christi has dominated the U.S. crude oil export market, largely because of the availability of straight-shot pipeline access from the Permian to two Corpus-area terminals at […]
NERC wants smaller renewables, batteries to register as bulk-power assets over reliability concerns
The North American Electric Reliability Corp. is considering rule changes that would require smaller wind, solar and battery generators, known as inverter-based resources, or IBRs, to register as assets on the bulk-power […]