• 4 minutes Why Trump will win the wall fight
  • 7 minutes Tension On The Edge: Pakistan Urges U.N. To Intervene Over Kashmir Tension With India
  • 12 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 16 minutes Washington Eyes Crackdown On OPEC
  • 9 hours Itt looks like natural gas may be at its lowest price ever.
  • 11 hours Climate Change: A Summer of Storms and Smog Is Coming
  • 4 hours North Korea's Kim To Travel To Vietnam By Train, Summit At Government Guesthouse
  • 11 hours America’s Shale Boom Keeps Rolling Even as Wildcatters Save Cash
  • 1 day AI Will Eliminate Call Center Jobs
  • 1 day Oil imports by countries
  • 14 hours US-backed coup in Venezuela not so smooth
  • 8 hours Amazon’s Exit Could Scare Off Tech Companies From New York
  • 1 day NZ Oil, Gas Ban Could Cost $30 Bln
  • 1 day Indian Oil Signs First Annual Deal For U.S. OilIndian Oil Signs First Annual Deal For U.S. Oil
  • 1 day Solar and Wind Will Not "Save" the Climate
  • 13 hours Some Good News on Climate Change Maybe
  • 16 hours Europe Adds Saudi Arabia to Dirty-Money Blacklist

Bullish Signs Emerge In Crude Markets

Fracking

Friday February 24, 2016

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. Large-scale energy storage picking up pace

(Click to enlarge)

- Battery costs have declined 40 percent since 2014 alone, and are expected to continue to get cheaper, especially with Tesla’s (NYSE: TSLA) gigafactory now online.
- Investment in new energy storage systems is expected to reach $2.5 billion this year. More investment creates a virtuous cycle: new projects come online, lenders get more comfortable, they lend and invest more money, creating more projects with longer time horizons and lower costs, including cheaper finance.
- “Having big money come in is the first step to widespread deployment,” Brad Meikle, an analyst for Craig-Hallum Capital Group LLC, told Bloomberg.
- Deployment is finally starting to accelerate. As Bloomberg notes, it took 30 years to reach 1 gigawatt of installed capacity; 2017 alone will see 1.7 GW of installed energy storage capacity. That will rise by almost 30-fold by the middle of the next decade.

2. Backwardation shows oil market tightening

(Click to enlarge)

- The oil futures market is showing signs of tightness.
- One-year Brent futures…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin



Oilprice - The No. 1 Source for Oil & Energy News