Author: Princess Val Durado

Recent M&A Activity: February 10, 2022: Great River Hydro, an operator of hydropower generation facilities across New England, was acquired by Hydro-Québec for $2 billion on February 10, 2023. The company owns, operates, and manages a portfolio of energy-generating assets, including hydroelectric facilities, stations, associated dams, and reservoirs which aims to address numerous socio-economic issues related to river flows, energy development, and natural resource management as well as support local communities in the…

Week Beginning March 6, 2023Experts say Russia’s invasion of Ukraine has boosted the United States’ exports of oil and gas, making the U.S. one of the world’s top energy-exporting nations. During the last week of February, the U.S. exported a record 11.1 million barrels of oil per day. The U.S. also leads natural gas exports, currently exporting 10 Bcf per day. Petroleum The EIA says that diesel prices in Europe could be volatile this spring…

Over the past few years, the tri-state region, which consists of New York, New Jersey, and Connecticut, has made major advancements in the adoption of renewable energy sources. The following are some of the most recent regional developments: The ambitious clean energy targets for New YorkThe Climate Leadership and Community Preservation Act, which New York Governor Andrew Cuomo signed in 2019, calls for the state to use 70% renewable energy…

Electricity Pricing and Natural Gas Pricing at PJM Generation Facility The PJM Generation Facility is a large-scale energy generation facility that supplies electricity to a significant portion of the eastern United States. The facility utilizes a variety of energy sources, including natural gas, coal, and nuclear power, to generate electricity. In this blog post, we will explore the pricing of electricity and natural gas at the PJM Generation Facility and…

Week Beginning February 13, 2023Last night, the two best teams in the NFL faced off in Arizona for the Super Bowl. However, most people say they tuned in just for the commercials. NPR breaks down the best and worst of this year’s commercials. Petroleum Russia said it would cut oil production by 500,000 barrels per day, beginning in March, which equates to 5% of its exports. According to the International Energy Agency, Russia’s crude output…

Deregulation of energy can provide commercial users of gas and electric with a number of benefits. One of the main benefits is the ability to choose their energy provider, rather than being limited to a single provider. This increased competition among providers can lead to lower prices and better services for commercial customers. Another benefit of deregulation is that it can lead to greater innovation and investment in new energy…

Week Beginning December 19, 2022For those who are traveling during the holidays, an arctic blast will bring the coldest Christmas in nearly 40 years. More than 80% of the lower 48 will be below freezing by the end of the week, and the majority of the northern United States can expect a white Christmas. From the entire Marathon Energy team, we wish you all a happy holiday season. There won’t be a Weekly Focus…

Week Beginning November 28, 2022More than 400 groups are calling on Congress to intervene in an ongoing railroad labor standoff, which could lead to a strike. If a strike happens, as much as 30% of the United States’ cargo shipments by weight would be stuck in railyards. Petroleum For the second week in a row, heating oil prices have gone down. This week, heating oil is averaging $5.454 per gallon on the East Coast,…

Week Beginning November 21, 2022Western and Northern New York are digging out from historic snow totals over the weekend—some places hitting more than 70 inches. Many schools and government offices are closed Monday as the area continues to dig out. The largest railroad labor union has voted to reject a labor deal, meaning a strike is looming. If railroad workers strike, shipments will be delayed across the country. Those shipments could include fuel, holiday packages,…

Week Beginning November 14, 2022Hurricane Nicole became the first hurricane to make US landfall during November in 37 years. It also marked the latest date a hurricane has hit Florida’s East Coast. The storm made landfall as a Category 1 storm last Thursday, November 10, bringing gusty winds and soaking rain to the eastern US. Petroleum The strong demand for diesel has led to higher prices and tighter inventories as we begin the winter heating…