Australian wheat exporters have, on paper, still been losing money this harvest in spite of a welcomed reform to the allocation system for shipping slots implemented last year, according to spot transaction data collected by Platts.
Australian wheat exporters have, on paper, still been losing money this harvest in spite of a welcomed reform to the allocation system for shipping slots implemented last year, according to spot transaction data collected by Platts.
The US has experienced a renaissance in petrochemicals due to the abundance of ethane from shale gas.
(Tue, 01 Mar 2016) Electric generating facilities expect to add more than 26 gigawatts (GW) of utility-scale generating capacity to the power grid during 2016. Most of these additions come from three resources: solar (9.5 GW), natural gas (8.0 GW), and wind (6.8 GW), which together make up 93% of total additions. If actual additions ultimately reflect these plans, 2016 will be the first year in which utility-scale solar additions exceed additions from any other single energy source.
Heavyweight oil producer group OPEC stepped into the ring with young upstart US shale back in November 2014 and delivered its best shot.
Offshore oil exploration in Australia's most prospective frontier basin could be heading the way of onshore gas development in the country’s southeast: straight into an environmental roadblock.
(Mon, 29 Feb 2016) Iraq was the second-leading contributor to the growth in global oil supply in 2015, behind only the United States. Crude oil production in Iraq, including fields in the Kurdistan Region of northern Iraq, averaged 4.0 million barrels per day (b/d) in 2015, almost 700,000 b/d above the 2014 level. Iraq is the second-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC) and accounted for about 75% of total OPEC production growth in 2015.
(Mon, 29 Feb 2016) Persian Gulf report for January through December 2015
Sometimes the best response when asking tough market questions is, "Well, it depends."
It's carnage out there for the dry bulk shipping market, and the crisis is pushing shipbrokers to the edge.
