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Utility-scale solar shines in Texas despite tariffs, federal policy changes
Texas is now the top state for utility-scale solar power generation capacity. However, developers of new solar projects face a changing operating environment, one lacking strong federal policy support but also featuring cost-boosting tariffs on imported solar module components.
U.S. battery industry cuts losses, shifts to new ventures amid EV bust
With demand for electric vehicles failing to meet ambitious projections, automakers, battery companies and utilities are reassessing how best to deploy battery power.
Dallas Fed Energy Survey Results Point to Bleak Outlook for Oil Industry
The price of West Texas Intermediate (WTI) crude oil has plunged more than 50 percent since the start of the year as the coronavirus (COVID-19) pandemic has taken hold and a dispute between energy giants Saudi Arabia and Russia threatens to flood the market with crude oil.
Breakeven Oil Prices Underscore Shale’s Impact on the Market
The oil price that companies need to profitably drill new wells has closely tracked prices for long-dated oil futures in recent years. The emergence of U.S. shale production seems to be playing a large role in anchoring long-term oil prices
Dallas Fed Energy Survey Suggests Oil Price Drop Won’t Cause Sector Collapse in 2019
Following a banner year in 2018, will U.S. oil producers retrench and reduce capital spending after the recent double-digit oil price decline? The latest Dallas Fed Energy Survey provides some clues about what may be next.
Anticipated Federal Restrictions Would Slow Permian Basin Production
Possible changes to leasing and permitting requirements governing federal lands could move oil production, prompting a realignment of Permian Basin activity between Texas and New Mexico.
Solar Lights Up Outlook for Renewable Energy in Texas
Improving economics and government tax incentives have spurred investment in utility-scale solar facilities in Texas.
Capacity Constraints Drive the OPEC+ Supply Gap
Assuming that the group increases production at the same pace it has in recent months, only a handful of countries in OPEC+ will have spare capacity left by the start of the summer, a number that will dwindle as year-end approaches.
Trade diversion has helped ease the impact of the embargo on Russian oil
Much has been made about the effect of Russia’s invasion of Ukraine on the price of oil. However, the price of oil was already drifting upward well before the invasion in late February 2022.
Russian ruble buckles under trade sanctions, declining export earnings
Russia’s currency is losing value, falling 40 percent against the U.S. dollar since December 2022. With measures targeting Russian exports likely to persist, the country’s balance of payments will remain under pressure, leading to continuing currency weakness.