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Shafaq News
3 days ago
- Business
- Shafaq News
Iraq ranks second among top oil exporters to US
Shafaq News – Baghdad/Washington Iraq emerged as the second-largest supplier of crude oil to the United States last week, according to data released Sunday by the US Energy Information Administration (EIA). The EIA report showed that total US crude oil imports from nine key countries averaged 5.351 million barrels per day (bpd) during the past week—a decrease of 274,000 bpd compared to the previous week's 5.625 million bpd. Canadian exports dominated with 3.996 million bpd, followed by Iraq at 273,000 bpd. Brazil came next with 249,000 bpd, while Colombia and Saudi Arabia delivered 179,000 and 178,000 bpd, respectively. Other contributors included Mexico (165,000 bpd), Libya (105,000 bpd), Ecuador (103,000 bpd), and Nigeria (85,000 bpd), while Venezuela recorded no exports.
Yahoo
3 days ago
- Business
- Yahoo
Top Wind Energy Stocks That Will Drive Long-Term Portfolio Growth
An updated edition of the Jun 11, 2025 energy is increasingly recognized for its significant role in combating climate change, reducing carbon emissions and enhancing energy security globally. Among various alternative energy sources, wind power has emerged as a key driver of the clean energy power capacity in the United States has grown significantly over the past couple of decades, rising from 2.4 gigawatts (GW) in 2000 to more than 153 GW in 2024. Per a report by the International Energy Agency (IEA), wind power output increased 6.4% year over year in 2024, accounting for 10% of total U.S. utility-scale electricity generation. The lucrative tax credits, coupled with cost reductions in wind energy production led by technological advancements, have rekindled wind project has been a major swing in the U.S. generation mix over the years, driven by the significant growth in wind generation capacity. Per the U.S. Energy Information Administration (EIA) report, wind power accounted for approximately 27% of capacity additions on average to the U.S. power system since wind energy market is capitalizing on several favorable trends, including growing electricity demand driven by Artificial Intelligence (AI)-powered data centers, widespread adoption of electric vehicles (EV) and rapid industrialization. Per the latest Short-Term Energy Outlook published by the U.S. Energy Information Administration (EIA), the U.S. grid is projected to add 7.7 GW of wind generation capacity in 2025, reflecting an increase from 5.1 GW added last projected increase will be supported by large offshore wind projects, including the 800-megawatt (MW) Vineyard Wind 1 in Massachusetts and the 715-MW Revolution Wind in Rhode Island. States like Texas, Massachusetts and Wyoming will see nearly half of 2025 wind capacity wind energy companies like Dominion Energy, Inc. D, DTE Energy Company DTE, Brookfield Renewable Partners L.P. BEP and Arcosa, Inc. ACA present compelling opportunities for investors, given their strong foothold in the market, research and development capabilities and market expansion. As clean energy technologies evolve, they are set to capitalize on growth opportunities and provide lucrative investment prospects. Our Wind Energy Screen helps identify stocks with high growth potential in this dynamic sector. 4 Wind Energy Stocks to Keep an Eye On Arcosa is a well-known provider of infrastructure-related products and services that serve the energy, construction and transportation markets. The company's Engineered Structures business provides wind towers, utility structures and telecommunication structures for wind power generation, electricity transmission and distribution, and wireless communication Zacks Rank #2 (Buy) company's Engineered Structures business continues to witness strong demand for its wind towers and engineered structures. Robust orders for its utility structures, driven by increasing grid hardening and reliability initiatives, have been driving its performance. The passage of the Inflation Reduction Act (IRA) has been a significant growth catalyst for ACA's wind towers business. Since the passage of the act, Arcosa has grabbed $1.1 billion worth of new orders through 2028. A significant portion of these orders will cater to the wind energy expansion projects in the significant growth in new orders and a strong backlog level led Arcosa to open a new plant in New Mexico and it started delivering towers from the facility in the second quarter of 2024. The company remains well-placed to benefit from the growing requirement for load enhancements in the United Energy, together with its subsidiaries, produces and transports energy in the United States. It is a major energy company engaged in regulated and non-regulated electricity distribution, generation and transmission businesses. The company has a portfolio of nearly 30,300 MW of electric-generating capacity, 10,600 miles of electric transmission lines and 79,700 miles of electric distribution Energy has a well-chalked-out long-term capital expenditure plan to strengthen and expand its infrastructure. After spending $6 billion in the 2018-2022 period, the company plans to invest $10.8 billion in 2025 and $50 billion in the 2025-2029 period to further strengthen its operations. Its long-term objective is to operate more battery storage, solar, hydro and wind (offshore as well as onshore) projects by 2036 and increase the renewable energy capacity by more than 15% per year, on average, over the next 15 2035, the Zacks Rank #2 company also intends to make zero and low-emitting resources accountable for 99% of its electric generation. The company is working on offshore wind projects and battery storage projects to lower Renewable Partners owns and operates several renewable power generating facilities. The company's power generating portfolio is comprised of hydroelectric generating, wind facilities and natural gas-fired plants. It has operations in the United States, Canada and Zacks Rank #2 company's exposure in wind and utility-scale solar generation sectors has been enabling it to capitalize on the growing opportunities across the renewable power sectors, with high cash margins and minimum fuel input cost. BEP has a target of $8-$9 billion investment over the next five years and intends to raise its funds from operations (FFO) per unit by more than 10% on an annual basis in the long Renewable has a strong development pipeline, with a massive 200 GW worth of projects. Also, its pace of commissioning projects is tracking toward 10 GW a year, which is expected to grow in the coming years. Also, its renewable energy framework deal with Microsoft to provide more than 10.5 GW of clean energy capacity between 2026 and 2030 holds Energy is a diversified energy company that develops and manages energy-related businesses and services. The company has been investing steadily to enhance its renewable generation assets. DTE aims to invest more than $10 billion in the clean energy transition over the next 10 promote clean energy, DTE has its MIGreen Power program, through which it offers its customers the option to source their energy usage from renewables. This program aims to substantially accelerate the development of new wind and solar projects across 2026, DTE Energy aims to add more than 1,000 MW of new clean energy projects to meet this program's demand. Such clean energy-related initiatives should enable DTE to meet its carbon emission reduction target. Notably, this Zacks Rank #3 (Hold) company plans to reduce carbon emissions of its electric utility operations by 65% in 2028, 85% in 2032 and 90% by 2040 from the 2005 can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DTE Energy Company (DTE) : Free Stock Analysis Report Dominion Energy Inc. (D) : Free Stock Analysis Report Brookfield Renewable Partners L.P. (BEP) : Free Stock Analysis Report Arcosa, Inc. (ACA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Qatar Tribune
6 days ago
- Business
- Qatar Tribune
China's shipbuilding lead endures, but market share dips amid US port-fee threat
Agencies China retained its leading position in the global shipbuilding market during the first half of the year, according to data from the industry association, despite a decline in market share caused by buyers' concerns over the threat of US port fees on Chinese-built vessels. It secured 68.3 per cent of new vessel orders in the global market in the first six months of the year, compared with 74.7 per cent in the same period last year, China's shipbuilding industry association said on Monday. The order volume fell by 18.2 per cent, year on year, to 44.33 million deadweight tonnes. Analysts have attributed the decline in market share to a decrease in orders for oil and LNG tankers, but still believe in China's competitive advantages.'Shipowners are cautious about choosing shipyards for their tanker orders, given the US' prominent role in oil and LNG export,' said Wu Jialu, chief analyst at Citic Futures. Considering that the US port fee targeting Chinese-built vessels is set to take effect on October 14, Wu said such concern could have a medium- to long-term impact on China's shipbuilding industry. The US, a major oil exporter, reached a record high in crude oil exports in 2024, exceeding an annual average of 4.1 million barrels per day, according to data from the US Energy Information Administration. It also remained the world's largest LNG exporter in 2024, exporting an average of 11.9 billion cubic feet per day, the data typical half-year data releases that detail the top-three players' market shares and newbuilding orders by vessel category, the China Association of the National Shipbuilding Industry, which has maintained a low profile since the announcement of the US port fee targeting China-built or operated vessels, released only basic data on China's market performance. In terms of the three major shipbuilding indicators – ship completions, new orders, and outstanding orders – 'China continues to maintain its global leadership', the industry association said. China's ship completions accounted for 51.7 per cent of the global market in the first half of this year, while outstanding orders represented 64.9 per cent of the global market share as of June, its data association did not disclose the market shares of major competitors South Korea and Japan. But earlier this month, data from maritime consultancy Clarksons Research showed that South Korea's market share increased despite a slight decline in newbuilding volume, amid a global drop of more than 50 per cent in new orders, year on year, due to rising geopolitical tensions. Chinese shipyards will be able to maintain a stable market share even as US port fees begin to take effect, thanks to their competitive advantages in cost efficiency, a resilient supply chain, and capacity scale, You Daozhu, an analyst at Huaxi Securities, said in a recent shipping-industry report. The scale advantage is expected to be further strengthened as the China Securities Regulatory Commission just approved the merger of China State Shipbuilding Corporation and China Shipbuilding Industry Corporation on Friday. The merger creates the world's largest shipbuilding conglomerate.
Shafaq News
20-07-2025
- Business
- Shafaq News
EIA: Iraqi oil exports to US jump 150,000 bpd
Shafaq News – Baghdad/Washington US crude oil imports from Iraq surged last week, according to data released Sunday by the US Energy Information Administration (EIA). The EIA reported that US crude imports from eight major suppliers averaged 5.623 million barrels per day (bpd), up 207,000 bpd from the previous week's 5.416 million bpd. Iraqi oil exports accounted for 314,000 bpd, an increase of 150,000 bpd compared to the previous week's 164,000 bpd. Canada remained the top exporter to the US, shipping 3.339 million bpd, followed by Saudi Arabia (523,000 bpd), Mexico (372,000 bpd), Colombia (345,000 bpd), and Brazil (253,000 bpd).
Shafaq News
13-07-2025
- Business
- Shafaq News
EIA: Iraqi oil exports to US fall by 48,000 bpd
Shafaq News – Baghdad/Washington The United States scaled back crude oil imports from Iraq last week, according to data released Sunday by the US Energy Information Administration (EIA). The EIA reported that US crude imports from 10 major suppliers averaged 5.416 million barrels per day (bpd), down 772,000 bpd from the previous week's 6.188 million bpd. Iraqi oil exports dropped to 164,000 bpd, a decrease of 48,000 bpd from the prior week's 212,000 bpd. Canada remained the largest supplier, exporting 3.766 million bpd to the US, followed by Ecuador with 441,000 bpd, Mexico with 414,000 bpd, Brazil with 231,000 bpd, and Saudi Arabia with 148,000 bpd. Other notable exporters included Colombia (124,000 bpd), Libya (90,000 bpd), Nigeria (38,000 bpd), and Venezuela (25,000 bpd).
