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US Postal Service finishes plan with limited EVs

  • Market: Crude oil, Electricity, Emissions, Oil products
  • 23/02/22

The US Postal Service has finalized a plan under which the vast majority of delivery trucks it acquires will have gasoline engines, dealing a setback to President Joe Biden's push for more electric vehicles.

The Postal Service issued a record of decision today for a plan under which at least 10pc of 50,000-165,000 next-generation mail trucks it plans to acquire over the next decade will be electric. The independently-run agency today rejected criticisms about the environmental review behind the decision and said it needed to start replacing an existing fleet of trucks now averaging 30 years old.

"The men and women of the US Postal Service have waited long enough for safer, cleaner vehicles to fulfill on our universal service obligation," postmaster general Louis DeJoy said.

Biden last year set a goal for the federal government to only acquire zero-emission vehicles by 2035. But the Postal Service cited the high initial cost of electric vehicles and its limited budget to support its decision. Efforts by Democrats to offer funding for electric mail trucks through a $1.85 trillion budget bill have stalled.

The Postal Service expects its new gasoline-engine mail delivery trucks will achieve a fuel-efficiency of 8.6 miles/USG with air conditioning on or 14.7 miles/USG without, compared to 8.2 miles/USG with its existing fleet of "right-hand drive" delivery trucks that do not have any air conditioning. The US Environmental Protection Agency, in comments on the plan, said the truck acquisition plan "barely" improved fuel-economy over the existing 30-year-old fleet.


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15/05/25

Austrian PV additions fall 100MW on year in 1Q

Austrian PV additions fall 100MW on year in 1Q

London, 15 May (Argus) — Austrian solar photovoltaic (PV) capacity additions fell by around 100MW on the year in the first quarter of 2025, solar association PV Austria told Argus , a decrease of around 20pc. Newly installed PV capacity in January-March stood at 399MW, PV Austria said, compared with 497MW added in the first quarter of last year, according to data from grid regulator E-control. But late reports from Austria's distribution system operators may still cause a slight uptick in capacity addition numbers for the last quarter, PV Austria said. The association largely attributed the fall in solar additions to uncertainty around government policies, which "compromised" planning security and "jeopardised" investments into renewable energy, it told Argus . And it cited the "abrupt" end of the VAT exemption for small PV systems as well as the extension and tightening of the energy crisis contribution as further reasons for the decline. PV Austria called on the government to pass the electricity industry act (ElWG) and the renewable energy expansion acceleration act (EABG) as soon as possible. The government in February pledged to pass the ElWG in the summer of this year. Austria had just under 8.3GW of solar capacity installed as of the start of January, the latest data from transmission system operator APG show. Solar output more than doubled on the year in 2024 and APG has several times highlighted the challenges posed by increased PV capacity for demand forecasting and grid stability during times of solar peaks, when excess power must either be transported abroad or to storage power plants and can also lead to curtailments at wind and hydropower units. By John Horstmann Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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UK establishes public energy company


15/05/25
News
15/05/25

UK establishes public energy company

London, 15 May (Argus) — The UK parliament has passed a bill establishing a publicly owned energy company, Great British Energy (GBE), to support the nation's renewable energy ambitions. The company, funded with £8.3bn ($11.02bn) over the current parliamentary term, aims to accelerate renewable energy projects, enhance energy security, and support job creation, the department for energy security and net zero (Desnz) announced on Thursday. GBE will invest in clean energy initiatives, including technologies such as floating offshore wind, and collaborate with private companies to expand renewable energy capacity. The government states the company will help stabilise energy costs by reducing reliance on fossil fuels. The bill includes £200mn for renewable energy projects, such as rooftop solar for schools, hospitals, and communities. It has also committed £300mn to develop the UK's offshore wind supply chain, supporting manufacturing of components such as cables and platforms. The legislation received approval from the devolved governments of Scotland, Wales, and Northern Ireland, enabling GBE to operate across the UK. Desnz secretary of state Ed Miliband is expected to outline GBE's strategic priorities "soon", specifying technology focus areas and investment criteria. The government sees GBE as a key part of its plan to transition to clean energy and stimulate economic growth through a "modern industrial strategy", it said. Industry body Energy UK welcomed the bill's passage. "[GBE] can play a vital role in making the government's clean energy ambitions a reality by attracting extra private sector investment," chief executive Dhara Vyas said. By Timothy Santonastaso Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Grids key to boosting SE Asia’s renewable power: Ember


15/05/25
News
15/05/25

Grids key to boosting SE Asia’s renewable power: Ember

Singapore, 15 May (Argus) — Up to 30GW of solar and wind power could be unlocked along planned grid routes in southeast Asia, which would help meet growing power demand in the region, according to a report released today by think-tank Ember. The Asean group of nations is still heavily reliant on fossil fuels, but solar and wind power are expected to constitute 23pc of the energy mix by 2030, up from 4pc currently, according to Ember. Asean as a region targets a 51GW increase in solar, and a 109GW increase in wind, hydro, geothermal and bioenergy combined by 2040. Electricity demand is rising in the region, because of economic growth as well as greater demand from data centres and transport electrification. Expanding and modernising the region's grid infrastructure would help to allow for the development of more clean energy, improve system flexibility and support regional power sharing. Up to 24GW of potential solar power and 5.6GW of wind power are situated in Indonesia's Riau islands and Sumatra, Malaysia's Sarawak, Cambodia and Brunei, where there are existing and planned grid projects. But the electricity generated from these projects needs transmission lines to be transported to demand centres. Indonesia, Vietnam, the Philippines and Thailand collectively plan to add 45,078km of transmission lines between 2023-30. But this is slightly less than half of IEA's projections that indicate southeast Asia needs to expand transmission lines by 100,000km between 2021-30 to meet its clean energy targets. Regional variance There is significant disparity between Asean countries in their clean energy potential, with some having abundant wind and solar capacity, and others having hydropower and geothermal resources. These resources also tend to be subject to seasonal variations. Regional grid interconnection is hence "key to using these resources in combination, boosting renewables use and economic growth" states the report. The Asean Power Grid has seen some progress through the Lao PDR-Thailand-Malaysia-Singapore (LTMS-PIP) project and the Brunei Darussalam, Indonesia, Malaysia and the Philippines Power Integration Project (BIMP-PIP). But grid development plans still vary significantly across the region. Only Cambodia, Malaysia and Singapore have signed the UN's Global Energy Storage and Grids Pledge, which aims to deploy 1,500GW of energy storage and 25mn km of grid infrastructure globally by 2030. Additionally, investment required to expand electricity grids, including regional interconnections, could reach $22bn/yr by 2035, the IEA said. Asean's clean energy future hence depends on cross-border data sharing, addressing infrastructure requirements, momentum in policymaking for regional co-operation, and aligning investments with future energy demand, says Ember. By Prethika Nair Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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New Zealand approves rules to raise jet fuel storage


15/05/25
News
15/05/25

New Zealand approves rules to raise jet fuel storage

Sydney, 15 May (Argus) — New Zealand has approved regulations to increase jet fuel storage in or around Auckland Airport before November next year to stop fuel supply disruptions. The regulations approved by New Zealand's government mean that fuel companies have until 1 November 2026 to invest in sufficient fuel storage, allowing them to have 10 days' worth of cover at 80pc operations , a measure introduced in a 2019 inquiry. New Zealand imported an average of around 22,000 b/d of jet fuel in the three months to 12 May, according to trade analytics platform Kpler data. Fuel companies have also agreed to invest in a new storage tank near Auckland Airport, according to New Zealand's associate energy minister Shane Jones. Auckland Airport had a pipeline rupture in 2017 that impacted almost 300 flights and resulted in an inquiry in 2019. The recommendation from the inquiry has not been met by fuel companies, said Jones, leaving New Zealand at risk of fuel supply disruptions. The government also updated the rules regarding fuel companies giving government visibility on the amount of jet fuel they hold near Auckland Airport. Jet fuel importers in Australia must have a baseline stock level of 27 days since July 2024, up from 24 days previously. By Susannah Cornford Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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IEA sees slightly better oil demand outlook


15/05/25
News
15/05/25

IEA sees slightly better oil demand outlook

London, 15 May (Argus) — The IEA has nudged up its global oil demand growth forecasts for this year and 2026, citing better macroeconomic forecasts and the effects of lower oil prices. In its latest Oil Market Report (OMR), published today, the Paris-based watchdog raised its projected increase in oil consumption by 20,000 b/d to 740,000 b/d in 2025, bringing overall demand to 103.9mn b/d. It increased its oil demand growth forecast for 2026 by 70,000 b/d to 760,000 b/d. In its previous OMR the IEA cut its oil demand forecasts for 2025 by 310,000 b/d after the US' announcement of an array of import levies in April. But the IEA said today the tariff supply shock appeared less severe than initially implied, pointing to subsequent US trade arrangements with the UK and China. US talks with other countries continue. "Subsequent pauses, concessions, exemptions and negotiations are likely to attenuate the levies' permanence and economic impact," the IEA said. But it said policy uncertainty continued to weigh on consumer and business sentiment, and it sees oil consumption growth slowing to 650,000 b/d between now until the end of 2025, from 990,000 b/d in the first quarter of the year. Its demand growth forecast for 2025 is 320,000 b/d lower than at the start of the year. The IEA increased its global oil supply growth forecast by 380,000 b/d to 1.61mn b/d in 2025, with almost all the rise accounted for by the Saudi-led unwinding of Opec+ cuts. It nudged its oil supply growth forecast for 2026 up by 10,000 b/d to 960,000 b/d. Eight Opec+ members earlier this month agreed to continue accelerating the pace of their planned unwinding of 2.2mn b/d of crude production cuts for June. The IEA again revised down its supply growth forecasts for the US, mainly because of the effects of lower oil prices on US shale producers. It downgraded US growth by 50,000 b/d to 440,000 b/d for 2025 and by 100,000 b/d to 180,000 b/d for 2026, and said US tight oil production in 2026 would contract on an annual basis for the first time since 2020. The IEA said sanctions on Russia, Iran and Venezuela are a key uncertainty in its forecasts. It noted that Russian crude supply grew by 170,000 b/d in April as crude prices fell below the G7 $60/bl price cap. The IEA's balances show supply exceeding demand by 730,000 b/d in 2025 and by 930,000 b/d in 2026. It said global observed stocks rose by 25.1mn bl in March, with preliminary data showing a further rise in April. By Aydin Calik Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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