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U.S. Crude Oil Export Surged to New Record in 2023

R-Squared Energy

refiners had a significant demand for crude oil, but they had spent decades investing billions of dollars into processing heavy, sour crude oil. crude oil exports have been Europe, Asia, and Oceania. In 2022, U.S. BPD, slightly surpassing exports to Asia and Oceania, which stood at 1.7 exports to Europe in 2023.

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ARENA and Shell Energy to demonstrate commercial flexibility in Australia

Smart Energy International

Shell Energy’s ‘Commercialising Smart Energy Hubs’ project will recruit at least 40 commercial and industrial (C&I) customer sites to demonstrate flexible demand capacity. To achieve the full potential of flexible demand, we will require new innovation, technologies and market processes. million ($5.7 million ($19.7

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GridBeyond launches operations in Australia

Smart Energy International

Dublin headquartered GridBeyond, a specialist in demand response, continues its expansion with its presence in Australia. GridBeyond will provide AI-powered demand response, virtual power plant (VPP) services and generation and storage asset optimisation across Australia’s National Electricity Market. Have you read?

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Snapshots of our World: Energy: Fossil Fuels + Iron Rivers + Current Mystery

Planet Pulse

” PlanetScope • Prudhoe Bay Oil Field, Alaska North Slope, Alaska, USA • July 5, 2021 Fossil fuel emissions are still rising , but demand for oil is expected to drop in the coming years. The energy hierarchy is shifting. But fossil fuel companies aren’t quite shaking in their boots yet. But you can’t really blame them.

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Australia updates market rules to reduce power outage potential

Smart Energy International

The impending retirement of coal-fired generation adds further pressure, with AEMO forecasting in its 2022 Integrated System Plan a 60% exit from the market by 2030. To address these challenges, the AEMC has introduced rules to incrementally raise the Market Price Cap, Cumulative Price Threshold, and Administered Price Cap.

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Australia’s 1st Energy offers crypto bill payments

Smart Energy International

However, with the growth of blockchain and crypto in particular around electric vehicle charging, demand is likely to increase as more and more people adopt these services and become familiar with the use of cryptocurrencies. BitPay is claimed to be the largest Bitcoin and cryptocurrency payment service provider in the world.

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Intellihub acquires energy tech company GreenSync

Smart Energy International

It is being used in the majority of newly connected solar homes in South Australia for compliance with emergency backstop provisions, which demand remote disconnection in emergency situations. Together this is a large source of flexible and controllable generation and demand side resources – but their value is not being realised.