Philadelphia Rail Traffic Disrupted by Cracks in New Trains
Transit officials found cracks in more than a hundred new rail cars, pulling them out of service only weeks before the Democratic National Convention.
Confusion reigns in bunker and shipping markets
The largest and most admired bunker company vanishes overnight. Charter rates hit historic bottom only to sink even further. Only the unexpected is to be expected.
CISA turnaround towards iron ore financialization sees growing futures interest
CISA’s recent iron ore and steel derivatives conference indicates the group’s strong support for its members to join in futures trading.
OPEC's new blood seen healing wounds, boosting unity
OPEC is putting recent turbulence behind it, with Gabon officially joining the organization after a hiatus of more than 20 years.
Ineos director Tom Crotty on the group's petrochemical operations post-Brexit
Listen to Ineos director Tom Crotty discuss the state of the group's UK operations at present and going forwards in the aftermath of Brexit.
Mexico electricity market reforms attempt to reduce costs and develop new capacity
(Tue, 05 Jul 2016) Mexico is in the process of reforming much of its electricity industry. Earlier in 2016, Mexico opened up day-ahead and real-time trading in a new wholesale power market. Although wholesale prices briefly spiked for a handful of hours, average prices in most locations during the market's first six months of operation have ranged from 880 to 1,100 pesos per megawatthour (MWh), or about $48/MWh to $60/MWh.
Colombia’s peace deal could spur oil sector turnaround: Fuel for Thought
Is a peace dividend in the form of more investment–and ultimately more production and jobs–coming to Colombia’s beleaguered oil and gas sector?
Brexit just a bump in the bull run for base metals
The base metals complex seemed to register only a small bump from the UK's EU referendum, recovered quickly and is now higher than it was before the vote.
Brexit implications on the cost of UK polymer imports
The British pound’s sharp slide to 31-year lows versus the US dollar in the volatile aftermath of last month’s Brexit vote could potentially hike the UK’s polymer import costs by $100 million.
New Jersey Savors Reprieve From Gas-Tax Increase, but Halt in Roadwork Looms
A disagreement between Gov. Chris Christie and state lawmakers delayed a rise of 23 cents a gallon, forcing the state to plan a shutdown of nonessential road projects.