The iron ore contango: Why now?
The iron ore forward curve has made history in November by recording the longest period of contango* in its brief existence.
Russia exports most of its crude oil production, mainly to Europe
(Tue, 14 Nov 2017) Russia exported more than 5.2 million barrels per day (b/d) of crude oil and condensate and more than 2.4 million b/d of petroleum products in 2016, mostly to countries in Europe. Exports of crude oil and petroleum products represented nearly 70% of total Russian petroleum liquids production in 2016.
Cartel power: China and the Russian-Saudi axis – Fuel for Thought
Ever closer relations between Saudi Arabia and Russia, the world’s two largest oil exporters, look like a nightmare for China, the world’s largest oil importer. However, as the originator of demand in a world where peak oil consumption hovers on the horizon, it is Beijing that ultimately holds the whip hand.
CO2 emissions from coal fell by record amount in 2015, led by Texas and Midwest
(Mon, 13 Nov 2017) Carbon dioxide (CO2) emissions associated with coal consumption in the United States fell by a record 231 million metric tons in 2015. More than 60% of the annual decrease occurred in 10 states, led by Texas, Indiana, Ohio, Illinois, and Pennsylvania, according to EIAâs state-level carbon dioxide emissions data.
Coal stockpiles at U.S. coal power plants have fallen since last year
(Thu, 09 Nov 2017) In August 2017, coal stockpiles at electric power plants were 144 million tons, the lowest monthly level since late 2014, according to EIAâs <em>Electric Power Monthly</em>. Coal stockpiles at U.S. coal-fired power plants typically follow a seasonal pattern of increasing during the spring and fall, when electricity demand is relatively low, and decreasing during the summer and winter, when electricity demand is relatively high
The final annual 2016 electric generator data from Form EIA-860
(Thu, 09 Nov 2017) The power plant data file (2_Plant_Y2016) now includes:<br />
⢠Identification of plant-level energy storage capabilities including the distinction of natural gas storage type as liquefied natural gas<br />
⢠Identification of the Local Distribution Company (LDC) connected to natural gas burning power plants<br />
⢠The name(s) of the owner or operator of each natural gas pipeline that connects directly to this facility or that connects to a lateral pipeline owned by this facility<br />
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Saudi and Iran are divided by the sword, not OPEC
Oil superpowers are butting heads. Saudi has escalated a bitter feud by accusing Iran of an "act of war" following a rebel missile attack on Riyadh. The stakes are high for both protagonists but their belligerence has its limitations.
With Trump’s commodity gestation period done, most prices still soft
It has been a little more than nine months since President Donald Trump took office, and although most hard commodity prices are lower than the day he was sworn in, there are signs of life. Joe Innace has more.
EIA forecasts growth in world nuclear electricity capacity, led by non-OECD countries
(Wed, 08 Nov 2017) EIAâs <em>International Energy Outlook 2017</em> (IEO2017) projects that global nuclear capacity will grow at an average annual rate of 1.6% from 2016 through 2040, led predominantly by countries outside of the Organization for Economic Cooperation and Development (OECD). EIA expects China to continue leading world nuclear growth, followed by India.
More U.S. distillate is being exported
(Tue, 07 Nov 2017) U.S. distillate exports have continued to increase in 2017, both in volume and as a share of total distillate production. Domestic distillate demand has remained relatively stable, increasing slightly from January through July 2017.