Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



ENERGY NEWS
Energy demand metrics indicate strong U.S. economy
by Daniel J. Graeber
Washington (UPI) Mar 24, 2017


Metrics measuring consumer demand for fuels and related products in the United States were indicative of an improving economy, a trade group said.

The American Petroleum Institute reported total petroleum deliveries, a measure of demand, gained 0.1 percent to 19.7 million barrels per day, its highest level since 2008. Total motor gasoline deliveries, a measure of consumer demand, was up to its second-highest level in nine years to 8.9 million bpd.

"Crude oil production broke the 9 million barrels per day threshold for the first time since March 2016," API Chief Economist Erica Bowman said in a statement. "This increase in production combined with more widespread jobs gains is good news for the economy, which appears to be moving in the right direction."

Citing steady gains in the labor sector, one of the bright spots for the U.S. economy, Federal Reserve Chair Janet Yellen said earlier this month the U.S. economy "is doing well." Bank Gov. Jerome H. Powell in February said the U.S. economy had come under pressure because lower prices for energy products like oil were acting to throttle inflation. With oil prices and labor figures holding steady, he said the "economy is strong and operating near its capacity."

A mid-March survey from the Organization for Economic Cooperation and Development on the G20 area reported growth of 0.7 percent during the fourth quarter, down slightly from the 0.8 percent recorded in the previous quarter.

North American growth "slowed sharply," the OECD reported, with the United States, the world's leading economy, slowing from 1.1 percent to 0.7 percent. Federal U.S. estimates were higher for the fourth quarter than the preliminary report from the OECD, though the U.S. Bureau of Economic Analysis in February reported the rate of growth last year was slower than for 2015.

Elsewhere, API noted that, while crude oil production has increased, February levels were still lower year-on-year by 1.3 percent. Crude oil imports, meanwhile, increased 2.8 percent despite gains in domestic production to 8.1 million bpd.

"For year to date, total petroleum imports were also up by 6.7 percent compared with year to date 2016," the trade group said.

ENERGY NEWS
CO2 stable for 3rd year despite global growth: IEA
Paris (AFP) March 17, 2017
Global carbon dioxide emissions from the energy sector held stable for the third straight year in 2016 despite the global economy continuing to expand, the International Energy Agency said Friday. By far the main culprit in global warming, carbon dioxide emissions stood at 32.1 billion tonnes last year, the IEA estimated. This was the same level as the same as the previous two years, des ... read more

Related Links



Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

ENERGY NEWS
CO2 stable for 3rd year despite global growth: IEA

Emissions flat for three years in a row, IEA says

New research urges a rethink on global energy subsidies

New Zealand lauded for renewables, but challenges remain

ENERGY NEWS
TU Graz researchers show that enzyme function inhibits battery ageing

New gel-like coating beefs up the performance of lithium-sulfur batteries

New feedback system could allow greater control over fusion plasma

Headphone batteries explode on flight to Australia

ENERGY NEWS
North Carolina offshore wind hailed as job creator

North Carolina ready for offshore wind energy auction

Flagship English Channel wind farm nears completion

French, Spanish companies set for more wind power off coast of France

ENERGY NEWS
Revealing the microscopic mechanisms in perovskite solar cells

Dubai harvests desert sun at vast solar plant

New solar energy plant to be installed on Barbuda

Sea change needed for low-carbon economy

ENERGY NEWS
Loss-hit Toshiba nosedives on fears about future

The EIC and Nuclear AMRC sign MoU

German energy company RWE evolving for success

Potential approach to how radioactive elements could be 'fished out' of nuclear waste

ENERGY NEWS
Community in chaotic Jakarta goes green to fight eviction

Study IDs link between sugar signaling and regulation of oil production in plants

NASA Study Confirms Biofuels Reduce Jet Engine Pollution

Scientists harness solar power to produce clean hydrogen from biomass

ENERGY NEWS
Norway's Statoil top bidder for U.S. offshore licenses

Putin insists Europe needs expanded gas pipeline

Fretting over U.S. economic fate dings oil prices

A new model for capillary rise in nano-channels offers insights into fracking

ENERGY NEWS
2017 already marked by climate extremes: UN

Climate change 'makes deadly China pollution worse'

A new study provides solid evidence for global warming

US climate scepticism clouds G20 meet




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement