(Wed, 29 Jun 2016) Colombia experienced a dramatic rise in energy production since the implementation of regulatory reforms in 2003; however, crude oil prices have declined since 2014, which has stymied production growth.
(Wed, 29 Jun 2016) Stripper wells, or wells that produce small volumes, represent an important but decreasing share of total U.S. oil and natural gas production. These wells are characterized as producing no more than 15 barrels of oil equivalent per day (boe/d) over a 12-month period. EIA estimates that there were about 380,000 stripper oil wells (so called because they are stripping the remaining oil out of the ground) in the United States operating at the end of 2015, compared to about 90,000 nonstripper oil wells.
Paul Bartholomew focuses on China and the steel price volatility witnessed in the first half of the year and what we could potentially see over the second half of 2016.
Steel trade may not be hash-tagged on social media as much as Steph or LeBron, but American steelmakers are hitting shots from almost every spot on the floor as they take aim against what they steadfastly maintain are illegally traded steel imports.
(Tue, 28 Jun 2016) Tax credits and efficiency standards for appliances and vehicles have been key drivers for increasing renewable energy use and energy efficiency in the United States. Extending these policies and increasing the stringency of the Clean Power Plan beyond 2030 would reduce energy-related carbon dioxide (CO2) emissions by reducing motor fuel use and energy use in buildings by increasing efficiency and by increasing the share of solar and wind in the electricity generation mix.
About nine months ago, analysts at Petrologica began questioning the oil production data coming out of North Dakota.
(Mon, 27 Jun 2016) Proposed fuel economy and greenhouse gas emissions standards would increase fuel economy and reduce diesel consumption in medium- and heavy-duty vehicles. The first phase of medium- and heavy-duty vehicle standards was recently implemented, starting with model year 2014. The proposed Phase 2 standards would take effect in model year 2021 for most medium- and heavy-duty vehicle classes and increase in stringency through model year 2027.
(Mon, 27 Jun 2016) This report, the third of five Issues in Focus articles from Annual Energy Outlook 2016, discusses the results of the Extended Policies case which includes selected policies that go beyond current laws and regulations. In the Extended Policies case, existing tax credits that have scheduled reductions and sunset dates are assumed to remain unchanged through 2040. Other efficiency policies, including corporate average fuel economy standards, appliance standards, and building codes, are expanded beyond current provisions; and the U.S.
Following Swiss gold import/export data this week it dawned on S&P Global Platts that there has been a glut of headlines this year suggesting that physical gold demand is on its knees.
(Fri, 24 Jun 2016) Azerbaijan is one of the world?s oldest oil producers, and oil and natural gas production and exports are central to Azerbaijan's economy. Azerbaijan?s oil production has been relatively stable over the last few years, but oil revenues declined about 40% from 2014 to 2015 due to lower oil prices. Natural gas production and exports will increase significantly in the coming years as the Stage 2 development of the Shah Deniz natural gas and condensate field will more than double Azerbaijan?s natural gas exports by the end of the decade.
