Fig 1: OPEC12 crude production peaked 2015-2018 Crude oil in the EIA statistics includes condensate (C&C). The data are around 2.2 mb/d higher than the crude only published in OPEC’s Monthly Oil…
Australia’s Diesel import vulnerabilities update May 2024
Given the increase in Middle East tensions after the assassination of Ismail Haniyeh on 31 July 2024 in Tehran, it is time to look at Australian oil vulnerabilities Diesel consumption increased 3.5%…
More power price spikes on Australia’s east coast on 5 Aug 2024 lasting more than 2 hours
On 5 August 2024 Australia’s east coast experienced power price spikes in all States, only 5 days after it already happened on 31 July. Prices climbed as high as $17,500/MWh in NSW….
Chilly winter evenings and tight power supplies cause simultaneous price spikes in all Australian east coast States
The longest price spike periods happened in South Australia after sunset and under low wind conditions, requiring gas fired power to reach 80% in the generation mix. Gas is in short supply…
Peak oil update 2023 – part 1 NGLs
The 2024 Statistical Review of World Energy has been published on 20 June 2024 by the Energy Institute (previously by BP) with data up to 2023. https://www.energyinst.org/statistical-review Oil production in 2023 has…
NSW power price spikes and administered price caps in May 2024
This post describes a series of price spikes in NSW which happened between Tuesday the 7th and Wednesday the 8th of May 2024. The following Fig 1 and Fig 2 are screen…
Peak gas in Victoria, Australia
Report from AEMO (AEMO=Australian Energy Market Operator) on East Coast gas supplies: 21 Mar 2024 AEMO’s latest gas market outlook for Australia’s east coast has forecast a gap in gas supply for…
Last hot summer day in NSW: ALL 12 coal powered units running at combined 90% of capacity
Continuous power price spikes on hot summer day in NSW – yet again. Fig 1: Temperatures in NSW on 29 Feb 2024 (ABC News/BOM) Fig 2: Temperatures in Sydney on 29 Feb…
Fly, money, fly. Australian jet fuel import bills skyrocket
One of the biggest dangers is that military conflicts in the Middle East turn into a tanker war. Marlin Luanda with Russian (!!) Naphtha for Singapore hit by missile and on fire…
How close did NSW come to load shedding on 14 Dec 2023? (part 2)
This is the continuation of part 1 on lack of reserves in NSW on 14 Dec 2023 https://crudeoilpeak.info/how-close-did-nsw-come-to-load-shedding-on-14-dec-2023-part-1 which culminated in: Fig 20: Actual LOR2 notice This meant that eg. the failure…