Mexico's reserves slashed by a fifth: regulator
Mexico's proven hydrocarbon reserves fell to 10.24 billion boe in January, a drop of 22.2% from the 13.17 billion boe of a year earlier, the National Hydrocarbons Commission announced.
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(Thu, 14 Apr 2016) Working natural gas inventories ended the winter heating season at 2,478 billion cubic feet (Bcf), exceeding the previous end-of-March record high of 2,473 Bcf, set in 2012, according to EIA's Weekly Natural Gas Storage Report. Inventory withdrawals during the traditional heating season (November through March) were relatively limited this year because of winter weather that was the warmest on record and continued high levels of domestic natural gas production.
Biodiesel exports to the US: Can everyone in Asia get a piece of the pie?
“Whither Asian biodiesel exports?” seems to be the most asked question in the Asian palm methyl ester market these days. Samar Niazi investigates.
Retail gasoline prices this summer expected to be lowest since 2004
(Wed, 13 Apr 2016) The U.S. Energy Information Administration forecasts that U.S. drivers will pay an average of $2.04 per gallon (gal) this summer for regular gasoline, according to EIA's <i>Short-Term Energy and Summer Fuels Outlook</i>. The forecast price for summer 2016 is 59 cents/gal lower than the average price last summer, and it would be the lowest average summer price since 2004. Monthly average gasoline prices are expected to increase to $2.08/gal in June, then fall to $1.93/gal in September.
Melting Margins: Widening scrap to iron ore ratio spells trouble for EAF steelmakers
The scrap to iron ore ratio is seen as a barometer of the health of the blast furnace and electric arc furnace, and can suggest which route may have the upper hand.
Canada provides record-high share and amount of U.S. crude oil imports in 2015
(Tue, 12 Apr 2016) Although total U.S. crude oil imports in 2015 continued to be lower than levels reached during the mid-2000s, imports from the United States' top foreign oil supplier—Canada—were the highest on record, according to annual trade data from EIA's <em>Petroleum Supply Monthly</em>. Canada provided 4 out of every 10 barrels of oil imported into the United States in 2015.
US biodiesel off to a good start in 2016, but is it enough?
US biodiesel production got off to a strong start in January. However, it is difficult to extrapolate any type of trend on imports because EIA data is so varied.
U.S. biodiesel and renewable diesel imports increase 61% in 2015
(Mon, 11 Apr 2016) After reaching its highest level to date in 2013, U.S. imports of biomass-based diesel fuel (both biodiesel and renewable diesel) fell in 2014 amid uncertainty surrounding future Renewable Fuel Standard (RFS) targets and the elimination of the biodiesel blender's tax credit. As higher targets for biomass-based diesel were finalized in 2015, U.S. imports of biodiesel and renewable diesel increased by 61% in 2015 to reach 538 million gallons.
Mini price boom not enough to save Tata Steel UK
Platts editors discuss the problems facing the Tata Steel Port Talbot plant and UK steelmaking in general, with Chinese HRC into the country falling and steel prices on the rise.
Waste-to-energy electricity generation concentrated in Florida and Northeast
(Fri, 08 Apr 2016) At the end of 2015, the United States had 71 waste-to-energy (WTE) plants that generated electricity in 20 U.S. states, with a total generating capacity of 2.3 gigawatts. Florida contains more than one-fifth of the nation's WTE electricity generation capacity, and in 2015, Florida's Palm Beach Renewable Energy Facility Number 2 became the first new WTE plant to come online since 1995 and the largest single WTE electricity generator in the United States.