Metallurgical coal’s breathtaking 131% price rally in the third quarter of 2016 has elevated the steelmaking raw material to become the year’s best performing commodity so far.
(Wed, 05 Oct 2016) Data from the most recent Commercial Buildings Energy Consumption Survey (CBECS) show that office buildings with data centers have significantly higher computing, cooling, and total electricity intensity (consumption per square foot) than office buildings without data centers.
(Tue, 04 Oct 2016) In the first half of 2016, the United States exported 4.7 million barrels per day (b/d) of petroleum products, an increase of 500,000 b/d over the first half of 2015 and almost 10 times the crude oil export volume. While U.S. exports of distillate and gasoline increased by 50,000 b/d and nearly 140,000 b/d, respectively, propane exports increased by more than 230,000 b/d. Propane surpassed motor gasoline to become the second-largest U.S. petroleum product export, after distillate.
Indonesia's refining sector development has finally picked up pace and this does not bode well for Asia's oil product exporters.
(Mon, 03 Oct 2016) California's Zero-Emission Vehicle (ZEV) program is expected to increase sales of electric, plug-in hybrid, and other alternative light-duty vehicles in the United States. The ZEV program is administered by the California Air Resource Board and affects model year 2018 and later vehicles, requiring automakers to earn credits for alternative fueled vehicles based on a percentage of their sales in California.
(Fri, 30 Sep 2016) The outage of Colonial Pipeline Line 1 between September 9 and September 21 resulted in record changes in motor gasoline stocks in both the Lower Atlantic and Gulf Coast states during the week ending September 16. Colonial's Line 1 is the largest gasoline supply pipeline linking the Gulf Coast?home to roughly half of the nation's refining capacity?to the Lower Atlantic, a major demand region that has no petroleum refineries.
(Fri, 30 Sep 2016) ⢠The 2015 Natural Gas Annual shows record U.S. natural gas production levels for the fifth consecutive year and record consumption levels for the sixth consecutive year.
It has come as no surprise that Chinese steel market sources feel a bit more cheerful this year.
(Thu, 29 Sep 2016) U.S. distillate exports increased 85,000 barrels per day (b/d) in 2015, reaching nearly 1.2 million b/d. Distillate exports in the first six months of 2016 have averaged 50,000 b/d more than in the first half of 2015. U.S. distillate imports, which are relatively fewer, averaged 200,000 b/d in 2015 and 157,000 b/d in the first half of 2016. Patterns of U.S. distillate trade can be explained by regional supply and demand imbalances within the East Coast and Gulf Coast regions.
You do not have to go too far to find a sugar analyst or physical trader who will tell you the price rally is overdone, explains David Elward.
