The changing face of Europe's flat steel industry
With China looking set to create the world’s second largest steelmaking company, European steel is on the brink of mergers that will transform its industry.
Governments poised to agree historic CO2 emissions market system for aviation
The UN ICAO is poised to take a ground-breaking decision on a global market-based measure to control aviation’s greenhouse gas emissions in a matter of days.
Hydrocarbon production in the Utica play increasingly targets natural gas-rich areas
(Fri, 23 Sep 2016) Production of oil and natural gas in the Appalachian Basin's Utica play—which includes both the Utica and Point Pleasant formations—has increased significantly since 2012. Monthly natural gas production from Utica wells increased from 0.1 billion cubic feet per day (Bcf/d) in December 2012 to more than 3.5 Bcf/d in June 2016. Oil production increased from 4,400 barrels per day (b/d) to nearly 76,000 b/d over the same period.
Don’t be fooled by the numbers, Eagle Ford play is a sleeping giant
The Eagle Ford shale oil patch has seen brighter days. New well permits are down, production is low (down from its 2015 peak of 1.7 million b/d, to around 980,000 b/d this year) and producers are pulling out of the region to focus their efforts elsewhere.
First shipment of ethane from U.S. Gulf Coast arrives in Europe
(Thu, 22 Sep 2016) Increased production of ethane in the United States has led to increased ethane exports, first by pipeline to Canada and more recently by tanker to overseas destinations. Ethane is used domestically and internationally as a key feedstock for plastics production and other industrial uses.
Pipeline shutdown disrupts gasoline supply in the Southeast
(Wed, 21 Sep 2016) A partial shutdown of the Colonial Pipeline system, a major source of transportation fuels to the Southeast, has disrupted gasoline supplies, leading to higher prices and product shortages in parts of the region.
Brazilian recession changes dynamics of its aluminum industry
The expression, "Crisis brings opportunity and change", sums up the current situation in the Brazilian aluminum industry perfectly.
Chicago jet fuel can be hazardous to your hair
Instead of the relatively ho-hum day-to-day ups and downs that pass for normal in the world of buying and selling commodities, those who deal in jet fuel in the Chicago area have had to familiarize themselves with terms enough to make market players pull their hair out.
EIA provides daily summary of Southern California energy conditions
(Tue, 20 Sep 2016) The U.S. Energy Information Administration now provides a report with daily information on Southern California energy markets, the <em>Southern California Daily Energy Report</em>, to help give context to the Aliso Canyon natural gas storage situation.
Financial risk
S&P said in May: “We believe that a decision to go ahead on the Hinkley Point C nuclear newbuild would likely lead to a one-notch rating downgrade given the embedded high execution risks and significant investment needs.”