Lithium Under Fire As EV Sales Slump

Electric car pioneer Tesla is already producing units on a trial basis at its giant Shanghai gigafactory despite only breaking ground this year, but thanks to changes to the Chinese EV subsidy program, demand for locally-made Teslas may fall short of expectations. On Monday, China’s automobile manufacturing industry body said fewer new energy vehicles, or NEVs as they are termed ...

Source: Oilprice.com

Oil Prices Fall On Bearish EIA Inventory Report

Crude oil price dipped today after the Energy Information Administration reported a crude oil inventory increase for the week to November 8. At 2.2 million barrels, the increase extended a string of seven weekly inventory builds over the last eight weeks that added a total of more than 40 million barrels of oil to U.S. commercial inventories of ...

Source: Oilprice.com

Column: Sorting wheat from chaff: Learning about electric vehicle progress from the media is like learning about a deal-of-the-century from a used car dealer

Ah, Saturday mornings. Nothing quite like them. First, take the poop machine for a walk in the fresh morning air, then back in for coffee and a multi-decade staple – US automotive show Motorweek. The show remains worth watching because it keeps up with the times, more or less (the host’s two-extra-yards-of–fabric suits have not), [Read more]

Source: BOE Report

Contura Announces Third Quarter 2019 Results

BRISTOL, Tenn., Nov. 14, 2019 /PRNewswire/ — Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today reported results for the third quarter ending September 30, 2019. Highlights include: Net Loss from continuing operations of $(44) million for the third quarter 2019 compared with Net Income of $24 million in the second quarter and $14 [Read more]

Source: BOE Report

Oil Rebounds On Surprise Crude Draw

The American Petroleum Institute (API) has estimated a crude oil inventory draw of 500,000 barrels for the week ending November 7, compared to analyst expectations of a 1.649-million-barrel build. Last week saw a build in crude oil inventories of 4.26 million barrels, according to API data. The EIA’s estimates, however, reported a build of 7.9-million barrels for ...

Source: Oilprice.com

Even Banks Have No Idea What Aramco Is Worth

In what could be just days ahead of the most-anticipated initial public offering ever, investment banks continue to give enormous ranges in their low and high estimates of how much Saudi Arabia’s oil giant Aramco is really worth.   Morgan Stanley is the latest bank to have put a massive US$1 trillion gap between the low and high estimates of ...

Source: Oilprice.com

Mesa Natural Gas Solutions And Crusoe Energy Systems Target 50 Megawatts Of Flare-To-Computing Projects In Next Two Years

DENVER, Nov. 13, 2019 /CNW/ — Mesa Natural Gas Solutions (Mesa) and Crusoe Energy Systems (Crusoe) have announced an agreement to further their partnership by targeting 50 megawatts of flare-to-computing projects within the next two years. The agreement is an extension of the two firms’ mutual commitment to reduce the environmental impacts of flaring natural [Read more]

Source: BOE Report

Why Isn’t Winter Pushing LNG Prices Higher?

Spot LNG prices in Asia-Pacific are hovering around the $6/MMBtu level at a time when seasonal winter demand usually pushes them higher. The reason is not hard to see – excess liquefaction capacity coming on-stream in the US, compounding the build-up of capacity in recent years in Australia, as well as additions in Russia and elsewhere. There is also a ...

Source: Oilprice.com

The Renewable Fuel Standard Program, RVOs, and RINs explained

The Renewable Fuel Standard (RFS) is a federal program that mandates the incorporation of renewable fuels into the nation’s transportation fuel supply. Each year, the U.S. Environmental Protection Agency (EPA) issues RFS rulemakings with volume requirements for certain renewable fuel categories and sets those volumes through annual renewable volume obligations (RVO). RVOs are the volumetric biofuel targets for obligated parties such as a refiners and importers of petroleum-based gasoline or diesel fuel.

Source: EIA: Today in Energy