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Month: May 2021

Category:
  • Wind

Offshore Wind Requires 63,000lbs Of Copper Per Turbine

Renewables—and especially offshore wind—are set to drive a surge in copper demand that will push prices even higher, as the amount of copper required per wind turbine is staggering, at Continue Reading

Posted On : 18 May 2021 Published By : Tom Whipple
Category:
  • Prices

Natural Gas Prices Jump On Warmer Weather

The U.S. benchmark natural gas price jumped more than 5% on Monday as power generators are expected to burn more gas to keep air conditioners going that are just now Continue Reading

Posted On : 18 May 2021 Published By : Tom Whipple
Category:
  • Railroads

Wabtec’s battery-electric locomotive lowered full train fuel consumption by more than 11% in BNSF California pilot

Wabtec Corporation announced that its FLXdrive battery-electric locomotive—functioning as one unit in a consist also containing two Tier 4 locomotives—delivered more than an 11% average reduction in fuel consumption and Continue Reading

Posted On : 18 May 2021 Published By : Tom Whipple
Category:
  • Climate

California Is Headed Toward Another Brutal Wildfire Season

A wildfire in Southern California grew to 1,325 acres on Sunday as roughly 1,000 Topanga Canyon residents had to be evacuated from their homes. Just like that, fire season has Continue Reading

Posted On : 18 May 2021 Published By : Tom Whipple
Category:
  • Germany

German Greens want more rail travel, fewer domestic flights

Germany’s environmentalist Greens party wants to boost rail travel at the expense of domestic flights to help the country achieve its goal of sharply reducing greenhouse gas emissions. The Greens’ Continue Reading

Posted On : 18 May 2021 Published By : Tom Whipple
Category:
  • Russia

Russia Is Making A Comeback In This Growing Gas Market

Second year into the pandemic-triggered limbo, many statements that would have seemed quite uncontroversial before COVID pummeled Europe’s energy markets today might seem questionable. Before 2020, Russia was the leading Continue Reading

Posted On : 18 May 2021 Published By : Tom Whipple
Category:
  • Russia

Russia’s Novatek brings forward start date for Arctic LNG 2’s third train to 2025

Mikhelson sees ‘year-round’ NSR navigation in 2023/2024 Russia’s Novatek plans to start up the third train at its 19.8 million mt/year Arctic LNG 2 project in 2025, CEO Leonid Mikhelson Continue Reading

Posted On : 18 May 2021 Published By : Tom Whipple
Category:
  • Poland

Poland’s main Belchatow power plant crippled by outage

Energy experts were working Tuesday to restore full operations at Poland’s biggest power plant, the lignite coal-fueled Belchatow, after an energy network failure switched off 10 of the plant’s 11 Continue Reading

Posted On : 18 May 2021 Published By : Tom Whipple
Category:
  • Prices

Crude oil futures higher but upside limited by coronavirus concerns

Crude oil futures were slightly higher during mid-morning Asian trade May 17, but any upside was limited by concerns over renewed coronavirus-related mobility restrictions in the region.  At 11:03 am Continue Reading

Posted On : 17 May 2021 Published By : Tom Whipple
Category:
  • Prices

Oil Steady Near $65 as Investors Weigh Near-Term Demand Outlook

Oil was steady as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia. Futures in New York traded near $65 Continue Reading

Posted On : 17 May 2021 Published By : Tom Whipple

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