Crude oil price forecast to fall in the first half of 2020

The Energy Information Administration forecasts Brent crude oil spot price will average $65 per barrel in 2020 and $68 per barrel in 2021

Wind and solar power to dominate new US electricity capacity in 2020

The renewable energy sources are forecast to represent almost 76% of new capacity additions

Global energy use projected to nearly double by 2050

Most of this will be focused in regions where strong economic growth is driving demand, particularly in Asia

Unexpected CFC emissions from China last year ‘could delay ozone recovery’

A new study suggests 830,000 tonnes of CFC-11 stored in foam products created up until 2017 could have a warming effect equivalent of almost four billion tonnes of carbon dioxide

US energy-related emissions increased in 2018

It is the first year CO2 emissions have risen since 2014, according to the Energy Information Administration

Higher oil price and production forecast in the US

Production is projected to rise by 30,000 barrels per day, according to the Energy Information Administration

Asia’s natural gas usage to continue to outpace supply

The supply imbalance is expected to widen through the projection period, resulting in non-OECD Asia increasing reliance on natural gas imports from other regions

Wind turbines
Wind to be fastest growing power source in the US in 2020

The Energy Information Administration forecasts power production from wind turbines will rise by 6% in 2019 and 14% next year

Australia ‘on track to become world’s largest LNG exporter’

Its export capacity increased from 2.6bn cubic feet per day (Bcf/d) in 2011 to more than 11.4Bcf/d this year

US utility-scale battery storage capacity to nearly triple by 2023

It could exceed 2,500MW over the next four years if currently planned additions are completed and no operating capacity is retired