Texas is witnessing a fresh oil boom with June production hitting 4.3 million bpd, all thanks to two things: efficiency improvements and, of course, oil prices. But not everyone is happy about this. The higher efficiency means that fewer new jobs are needed.

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Inventories of distillate fuel, a category that includes both diesel and home heating oil, were 117.7 million barrels at the end of June, the lowest end-of-June level since 2004. Distillate inventories have generally been lower than the previous five-year (2013–2017) average throughout 2018.

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EIA’s Short-Term Energy Outlook (STEO) revised its standard set of figures in its July 2018 publication. To provide more clarity on changing natural gas and hydrocarbon gas liquids (HGL) markets, two new natural gas figures and four new HGL figures are now included with the monthly forecast. Many of the figures previously included in STEO have been redesigned.

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Last week Goldman Sachs ruined the mood of many in the solar industry—at least of those who pay attention to investment bank forecasts—by projecting that the solar panel market will shrink this year by 24 percent.

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Global energy investment fell by 2 percent in 2017, the third consecutive year of a decline, according to the International Energy Agency, which sounded the alarm this week, warning that the world is not spending enough on energy.

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Today, it’s going for a complete 360 with a hungry drive to beat the United States at the renewable energy game.  After all, this is largely a technology game, and China hopes to be the global technology leader...

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Just as scientists are making leaps and bounds in the technology behind biofuel production, opening the way for cheaper and more efficient clean fuel sources, the United States’ Environmental Protection Agency (EPA) is 

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The Yamal peninsula is already producing natural gas and is also home to one of Russia’s already operational liquefied natural gas (LNG) projects—Yamal LNG—run by another domestic gas producer, Novatek.

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Between 2010 and 2016, the capacity-weighted average cost (real 2016$) of U.S. wind installations declined by one-third, from $2,361 per kilowatt (kW) to $1,587/kW, based on analysis in the U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy’s (DOE/EERE) Wind Technology Market Report. The reasons for this decline include improving technology and manufacturing capability and an increasing concentration of builds in the regions of the United States with the lowest installation costs.

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EIA’s July 2018 Short-Term Energy Outlook (STEO) expects natural gas-fired power plants to supply 37% of U.S. electricity generation this summer (June, July, and August), near the record-high natural gas-fired generation share in summer 2016. EIA forecasts the share of generation from coal-fired power plants will drop slightly to 30% in summer 2018, continuing a multi-year trend of lower coal-fired electricity generation.

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