Container Index Revolution: Should it be embraced by carriers?
There are clear signs that the container industry is slowly creaking towards using price indexes in contracts, but some of the most important players still hesitate to give it a shot.
Making American steel great again — Trump, tweets and trade
Since the fall of 2016, when steel emerged as a key topic in the US presidential debates and longtime industry issues became the stuff of living room and social media conversations across the country, the steel industry in the US has felt emboldened.
EIA expects natural gas to be largest source of U.S. electricity generation this summer
(Tue, 18 Apr 2017) EIAâs April 2017 <i>Short-Term Energy Outlook</i> (STEO) expects that electricity generation fueled by natural gas during the summer months of June, July, and August will be lower than last summer, but it will continue to exceed that of any other fuel, including coal-fired generation, for the third summer in a row.
US import tariff could create nightmare for Argentinian biodiesel
You’ll have to forgive Argentinian biodiesel producers if they’re feeling a bit down.
Most coal plants in the United States were built before 1990
(Mon, 17 Apr 2017) Coal-fired electricity generators accounted for 25% of operating electricity generating capacity in the United States and generated about 30% of U.S. electricity in 2016. Most coal-fired capacity (88%) was built between 1950 and 1990, and the capacity-weighted average age of operating coal facilities is 39 years.
Toe-to-Toe: Ten years of oil and steel price patterns
As a part of The Barrel's 10th birthday celebrations, Joe Innace looks at two heavyweights of the commodities world — oil and steel benchmarks.
More Chinese crude oil imports coming from non-OPEC countries
(Fri, 14 Apr 2017) China is the worldâs largest net importer of crude oil, and in recent years, Chinaâs crude oil imports have increasingly come from countries outside the Organization of the Petroleum Exporting Countries (OPEC).
Retail gasoline prices this summer are expected to be slightly higher than in 2016
(Thu, 13 Apr 2017) Drivers in the United States will pay an average of $2.46 per gallon (gal) this summer for regular gasoline, according to forecasts in EIA's <em>Short-Term Energy Outlook</em> (STEO). Gasoline prices from April through September are expected to be 23 cents/gal higher than the average price last summer, but this price is still nearly 70 cents/gal below the previous five-year average.
Gulf of Mexico crude oil production, already at annual high, expected to keep increasing
(Wed, 12 Apr 2017) U.S. crude oil production in the Federal Gulf of Mexico (GOM) set an annual high of 1.6 million barrels per day (b/d) in 2016, surpassing the previous high set in 2009 by 44,000 b/d. In January 2017, GOM crude oil production increased for the fourth consecutive month, reaching 1.7 million b/d.
U.S. crude oil imports increased in 2016
(Tue, 11 Apr 2017) Gross U.S. crude oil imports in 2016 rose to an average of 7.9 million barrels per day (b/d), 514,000 b/d more than the 2015 average. Net crude oil imports increased by a smaller amount (460,000 b/d), as U.S. crude oil exports rose despite a decline in U.S. crude oil production.