Q4 2015: The course of true love never did run smooth (for steelmakers)
Platts steel editors discuss the poor overall financial health of major metals producers in Q4 2015 and antidumping measures proposed by the US and issued by the EC.
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(Wed, 17 Feb 2016) EIA's weekly survey of diesel prices shows that the U.S. average retail price for on-highway diesel fuel was $1.98 per gallon (gal) on February 15, falling below $2/gal for the first time since February 14, 2005. The U.S. average retail diesel price had last approached, but not gone below, the $2.00 mark in early 2009. Falling diesel prices reflect both decreasing crude oil prices and increasing inventories of crude oil and refined products.
Canada, Mexico, United States launch North American Cooperation on Energy Information site
(Tue, 16 Feb 2016) The Energy Minister and Secretaries from Canada, Mexico, and the United States are launching a framework for sharing energy information for North America, hosted at www.nacei.org. The website can be displayed in English, French, and Spanish and has links to all three countries' energy statistical agencies.
Electric Power Annual 2014
(Tue, 16 Feb 2016) The Electric Power Annual 2014 (EPA 2014) Report is now available with final data through 2014. The 2014 EPA presents 11 years (2004-14) of national-level data on electricity generating capacity, electricity generation and useful thermal output, fuel receipts, consumption, and emissions.
The bittersweet 2016: What to expect in the dry bulk Supramax market?
The Atlantic dry bulk Supramax market is in big trouble. The freight rates are bottoming, demand on conventional trade routes is failing and the oversupply of tonnage remains a challenge. What is the outlook for the market in 2016?
New EIA data revise Oklahoma's oil production up by 100,000 barrels per day
(Fri, 12 Feb 2016) EIA's <em>Petroleum Supply Monthly</em>, published on January 30, includes crude oil production estimates for Oklahoma based on EIA monthly survey data. The new estimates are roughly 100,000 barrels per day more than those generated by the previous EIA methodology, which was informed by state-reported data.
US refiners face soaring stocks as gasoline grades switch
US gasoline stocks have reached record highs in 2016, while prices have flirted with unprecedented lows. What could happen as the market shifts to summer-grade gasoline?
Initial production rates in tight oil formations continue to rise
(Thu, 11 Feb 2016) Tight oil production in the United States increased from 2007 through April 2015, based on estimates in EIA's Drilling Productivity Report (DPR), and made up more than half of total U.S. oil production in 2015. Tight oil growth has been driven by increasing initial production rates from tight wells in regions analyzed in the DPR. As drilling techniques and technology improve, producers are able to extract more oil during the initial months of production from new wells.
SoCal Gas’ Aliso Canyon gas storage leak raises questions about California markets
Thad Walker tracks how the ongoing Southern California Gas Company Aliso Canyon gas storage site leak is impacting the California natural gas market.
The US enters a brave new world as it begins LNG exports
Before diving into the current state of the world LNG market, Chris Pedersen takes a step back and looks at how we got to where we are today.