Chinese steelmaking cuts hammer market
Chinese domestic market strength and reduced export volumes have been a primary driver of the global steel and iron ore rally this year. But...
Tariffs could come back to haunt US biodiesel industry
Already plagued by poor blending economics, the US biodiesel industry now faces a possible drop in demand thanks to the feds.
Technology underpinning bitcoin gets applied to contracts: Fuel for Thought
As the questions filed by the conference’s app popped up on the screen at the Blockchain in Oil & Gas conference in Houston earlier this month, it was pretty clear there were two types of people in the audience.
Residential electricity prices up 3% in first half of 2017
(Mon, 25 Sep 2017) Retail electricity rates paid by U.S. residential customers averaged 12.8 cents per kilowatthour (kWh) during the first six months of 2017, an increase of about 3% compared to the same period in 2016. First half of 2017 average electricity prices are higher than last year in most areas of the country, with only six states experiencing lower prices
Steel industry looks to jump-start Trump trade engine
Steelworkers from around the US descended on Washington to ask their legislators one thing: What’s happening with the Trump Administration’s Section 232 investigation?
EIA now publishes estimates of monthly rail shipments of petroleum coke and asphalt
(Fri, 22 Sep 2017) To document industry changes and improve data series on petroleum product shipments, EIAâs most recent <em>Petroleum Supply Monthly</em> includes new information on petroleum coke and asphalt movements by rail within the United States and to and from Canada. Similar to EIAâs petroleum and biofuel rail movement data, the new monthly data include rail movements dating back to January 2010.
Changing quality mix is affecting crude oil price differentials and refining decisions
(Thu, 21 Sep 2017) Growth in global liquid fuels supply since March 2017 has been driven by increases in the production of historically higher-priced light crude oils. This growth has more than offset recent declines in the production of medium and heavy crude oils. As these production trends continue, price differences between certain crude oils are narrowing, and refinery operation decisions are changing.
Petroleum Supply Annual, Volume 2
(Thu, 21 Sep 2017) Final monthly statistics for the supply and disposition of crude oil and petroleum products.
Petroleum Supply Annual, Volume 1
(Thu, 21 Sep 2017) Final annual data for the supply and disposition of crude oil and petroleum products.
Harvey makes landfall in Texas, but drilling returns remain strong
Despite devastating hurricanes, internal rates of return (IRR) increased across the board due in large part to higher natural gas liquids (NGLs) prices.