OPEC forecasts strong global appetite for crude oil in 2018 but now sees output from the United States and elsewhere growing more than previously expected. The 14-member oil cartel's latest read on supply and demand comes just two weeks after it agreed to extend output limits with Russia and nine other producer nations. The two dozen producers are capping production to shrink huge global stockpiles of oil that have weighed on prices for more than three years. The higher supply from outside OPEC could make it harder to achieve that aim, even as OPEC's production fell in November. The producer group on Wednesday forecast that non-OPEC production will grow by nearly 1 million barrels a day in 2018. That marks an upward revision of 120,000 barrels a day from its previous projection. … [Read more...] about OPEC sticks to its bullish oil demand forecast, but now sees more US output growth
Energy demand forecasting methods
CALGARY, Alberta, May 09, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended March 31, 2018. The first quarter of 2018 is characterized by several milestones. Successful delineation drilling into West Bigstone is driving field condensate production to record levels, with current condensate production up approximately 45 percent from one year ago. The recent integration of the Company’s under-utilized sweet non-Montney gathering and processing infrastructure into its Montney development will be instrumental in driving operating costs lower. These milestones combined with improving WTI oil and realized condensate prices, as well as advantaged natural gas marketing arrangements are all contributing to increasing netbacks. First Quarter 2018 Highlights Drilled four (2.6 net) successful wells and completed six (3.9 net) Montney wells in Bigstone; … [Read more...] about Delphi Energy Corp. Reports First Quarter 2018 Results
Renewable energies are energies collected from renewable sources, which are often naturally replenished on a human timescale, such as sunlight, wind, rain etc. . Although it is widely asserted that renewable energies contribute to energy efficiency , future rapid deployment of technological diversification of energy sources would have a significant result in energy security as well as reducing environmental pollution caused by burning fossil fuels. Apart from renewable energies contribution to energy efficiency, renewable energy sources are capable of supplying humanity energy for almost 1billion years, at which point the predicted increase in heat from the sun is expected to make the surface of the earth too hot for liquid water to exist . Irrespective of the numerous accolades that renewable energies attract, researchers have until now not been able to ascertain the direction of causality that exist between renewable energy consumption or production on the economy. … [Read more...] about Renewable energies: How do governments in Africa help?
Chairs Session on “Integrated Energy Forecasting that Scales” with Avista and Navigant BOULDER, Colo. and BUFFALO, N.Y., June 18, 2018 (GLOBE NEWSWIRE) -- TROVE, the predictive data science company, today announced it is presenting at the 38th annual International Symposium on Forecasting (ISF), an elite gathering of the world’s top forecasting thought leaders and practitioners, which will be taking place at the University of Colorado campus in Boulder. /EIN News/ -- The company is leading an Invited Session, “Integrated Energy Forecasting that Scales,” today at 11:20 a.m. It features three expert speakers: Dan Burgess, Senior Business Analyst, Avista Corp.; Ken Seiden, Managing Director, Navigant Consulting; and Jonathan Farland, Data Scientist, TROVE. Burgess kicks off the discussion with a presentation on “Quantifying Forecast Variances of Updated Forecast Models,” which examines how updated hourly forecasts inform the way variances … [Read more...] about TROVE Takes the Stage at Annual International Symposium on Forecasting
/EIN News/ -- NEW YORK, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Energy Management System (EMS) Market by Offering (System, Service), by Component (Control Systems, Communication Systems, Software, Other Hardware, Field Equipment, Sensors), by Device (In-House Display, Smart Thermostats, Smart Plugs, Load Control Switches), by Solution (Carbon Energy Management, Demand Response Management, Utility Billing & Customer Information System), by Vertical (Power & Energy, Telecom & IT, Manufacturing, Office & Commercial Buildings, Education, Retail, Healthcare, Residential), by Application (Industrial Energy Management, Building Energy Management, Home Energy Management), by Geography (U.S., Canada, U.K., Germany, France, Spain, Italy, China, India, Japan, South Korea, Australia, Brazil, Argentina, Mexico, U.A.E., South Africa, Saudi Arabia) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023 According to the market research … [Read more...] about Energy Management System Market Forecasted to Reach $113,476.9 Million by 2023: P&S Intelligence