LNG market at a ‘tipping point,’ CERAWeek speaker says
If you are in LNG today, you want to be in Asia, the world’s biggest market for the fuel. While there is opportunity, though, there also is uncertainty.
U.S. crude oil and natural gas production both fell in 2016
(Wed, 08 Mar 2017) Based on data in EIAâs Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report, average crude oil production in the Lower 48 states fell to an average 8.39 million barrels per day (b/d) in 2016, a decrease of approximately 0.55 million b/d, or 6.1% from the 2015 average.
Midwest and Rocky Mountain Transportation Fuels Markets
(Wed, 08 Mar 2017) A new study commissioned by the U.S. Energy Information Administration (EIA), finds that changes in North American energy markets over the past decade have strengthened the supply of transportation fuels including motor gasoline, distillates, and jet fuel in the Midwest and Rocky Mountain regions.
White House tries to join CERAWeek party
While Trump appeared to take at least partial credit an ExxonMobil project plan, a US government-enabled boost to domestic producers may be unnecessary.
Timeline: China’s crackdown on induction furnace steel
China’s clampdown on induction furnace steel has gathered pace, after it was singled out as a cornerstone of this year’s supply-side structural reforms.
FERC certificates several new natural gas pipelines in 2017
(Tue, 07 Mar 2017) Several large natural gas interstate pipeline projects have come online in recent years to support the shifting geography of domestic natural gas production. The Marcellus and Utica shale plays in the Northeast, where production has grown and resources are abundant, are major drivers for pipeline development.
Australia Country Analysis Brief
(Tue, 07 Mar 2017) Australia, rich in energy commodities, is one of the worldâs top producers and exporters of fossil fuels and uranium. The countryâs stable political environment, relatively transparent regulatory structure, substantial hydrocarbon reserves, and its proximity to Asian markets make it an attractive location for investment in energy production and mining. Although, in the past few years, Australiaâs energy projects, particularly LNG export facilities, have faced escalating costs, creating some challenges to companies developing hydrocarbon resources there.
Will China’s induction furnace steel whac-a-mole finally come to an end?
OPEC compliance with oil output cut goals appears to have been good, with cold weather and natural declines adding to reductions from non-OPEC producers.
U.S. wind generating capacity surpasses hydro capacity at the end of 2016
(Mon, 06 Mar 2017) Installed wind electric generating capacity in the United States surpassed conventional hydroelectric generating capacity, long the nationâs largest source of renewable electricity, after 8,727 megawatts (MW) of new wind capacity came online in 2016.
Checking in on commodity prices during Trump’s first weeks: Of Presidents and Prices
In this ongoing series, we consider the price averages for some key Platts commodity benchmarks since Trump became president on January 20.