Vietnam on the move – steel conference follows Obama in vibrant country
A week after US President Barack Obama and his entourage vacated the JW Marriott hotel in Hanoi, some 600 international steel market participants moved in.
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(Thu, 09 Jun 2016) Unplanned global oil supply disruptions averaged more than 3.6 million barrels per day (b/d) in May 2016, the highest monthly level recorded since EIA started tracking global disruptions in January 2011. From April to May, disruptions grew by 0.8 million b/d as increased outages, largely in Canada, Nigeria, Iraq, and Libya, more than offset reduced outages in Kuwait, Brazil, and Ghana. Along with other factors such as rising oil demand and falling U.S.
Russia's oil, gas drift to the East gaining momentum
Following numerous Russia-Asia economic events this spring, our editors assess the prospects of oil and gas cooperation with investors from several Asian countries.
What lies ahead for European biofuels in a post-2020 world?
With EU legislation laying out requirements for renewable energy in road transport up until 2020, we consider expectations for a post-2020 world and how first generation biofuels might stand up.
Fires near Fort McMurray are reducing Canada's oil sands production
(Wed, 08 Jun 2016) While evacuees from the ongoing fires in Fort McMurray have begun to return to the city, a state of emergency remains in place throughout Alberta, Canada, and the temporary shutdown of the area's oil sands production sites continues. EIA estimates that disruptions to oil production averaged about 0.8 million barrels per day (b/d) in May, with a daily peak of more than 1.1 million b/d. Although projects are slowly restarting as fires subside, it may take weeks for production to return to previous levels. EIA expects disruptions to average 400,000 b/d in June.
Are OPEC crude output ceilings, quotas a thing of the past?
The June 2 OPEC meeting in Vienna ended with no agreement to restrict crude oil output, raising questions about whether the organization will ever return to output ceilings and quotas.
Technology forged during downturn preps oil industry for upturn
Starr Spencer on how upstream operators have masterfully used the current downcycle to prepare for the years ahead.
European aluminum alloy prices edge up $11/mt after Q3 buying
Market prices for 226, Europe's key grade of aluminum alloy, have edged up this week by around Eur10/mt ($11/mt) following an intense round of third-quarter buying over the past two weeks.
OPEC search continues for mechanisms to bring balance to oil markets
Now that the breaking news is winding down, Capitol Crude analyzes what the June 2 OPEC meeting means for the global oil market, US policymakers and US
crude producers.
EIA Publishes Construction Costs for Electric Generators
(Mon, 06 Jun 2016) Average construction costs on a dollars-per-kilowatt ($/kW) basis by energy source, prime mover, and Census region. Generator capacity, number of generators, and number of plants. Costs for certain technology types and energy sources by prime mover and other design attributes.