The UK referendum on continued membership of the European Union may have some significant and unexpected consequences for the British economy and the goods it creates, including metal products.
(Tue, 23 Feb 2016) Based on estimates in the most recent <em>Short-Term Energy Outlook</em> (STEO), vehicle travel in the United States in 2015 was almost 4% above its 2007 level, but motor gasoline consumption has not exceeded its previous peak in 2007. Improvements in light-duty vehicle fuel economy are largely responsible for this outcome.
With the US likely to raise the gasoline octane standard to achieve GHG emissions regulations and fuel efficiency targets, ethanol in being touted as the most cost-effective way to meet these..
(Mon, 22 Feb 2016) In the United States, the East Coast and Gulf Coast are highly dependent on each other to balance supply and consumption of transportation fuels. East Coast transportation fuels consumption is met through a number of supply sources, but none is more important than supply from the Gulf Coast. Conversely, surplus supply in the Gulf Coast is distributed to a number of domestic and foreign markets, but none is larger than the East Coast.
Platts editors discuss the European Commission's new EU gas supply security package in the light of flat gas demand, well supplied markets and continued tense relations with Russia.
(Fri, 19 Feb 2016) Movement of transportation fuels between the U.S. Gulf Coast and East Coast regions represents the largest movement of such products in the United States. This relationship is underpinned by supply and demand imbalances in each region. The Gulf Coast is the largest petroleum refining region in the country, making nearly half of total U.S. refined products.
Platts editors examine how sustainable rising Chinese domestic steel prices are, discuss the industry's reaction to antidumping measures and examine the outlook for China's iron ore market.
With crude oil prices lingering at levels not seen in over a decade, do coal-to-olefins and methanol-to-olefins processes still hold a competitive edge against naphtha-based production?
Nigeria needs to urgently revise the contracts governing its onshore oil blocks if it wants to stem the decline of production in a low oil price environment, the head of Oando said recently.
(Thu, 18 Feb 2016) U.S. Gulf of Mexico (GOM) crude oil production is estimated to increase to record high levels in 2017, even as oil prices remain low. EIA projects GOM production will average 1.63 million barrels per day (b/d) in 2016 and 1.79 million b/d in 2017, reaching 1.91 million b/d in December 2017. GOM production is expected to account for 18% and 21% of total forecast U.S. crude oil production in 2016 and 2017, respectively.
