On Jan. 20, WTI and Dated Brent closed at $26.54/b and 25.96/b, respectively, the lowest prices seen since 2003. Since then we have seen prices rise and hover around the $30/b level.
(Tue, 02 Feb 2016) Electricity generated from utility-scale renewable plants is expected to grow by 9% in 2016, based on projections in the latest Short-Term Energy Outlook. Much of the growth comes from new installations of wind and solar plants and increases in hydroelectric generation after a relatively dry 2015. In 2016, electricity from utility-scale renewable sources is expected to account for 14% of the total electricity generated in the United States, with wind and solar contributing 5.2% and 0.8%, respectively.
While American crude has started to trickle out on to the world market, cargoes of crude grades the US hasn’t seen in years are beginning to appear in domestic ports.
Falling crude oil production, falling refined product output and falling income have led many to believe that the sky is falling on Mexico’s state-owned oil company Pemex.
(Mon, 01 Feb 2016) On October 23, 2015, Southern California Gas Company (SoCalGas) detected a major leak at Aliso Canyon, an underground natural gas storage facility located 30 miles northwest of Los Angeles. The Aliso Canyon storage facility, which has 115 wells, is the second-largest natural gas storage field in the western United States.
Regulation. Regulation. Regulation. Once again it is being blamed for the LBMA Silver Price settling around 6% below the spot price Jan 28. A matter of some contention across the market.
Metallurgical coal market traders and miners who met in Miami this week see Asia’s promise perking optimism after a run of price declines and bankruptcies.
(Fri, 29 Jan 2016) The severe winter storm that began Friday, January 22, and continued through Saturday, January 23, affected energy infrastructure throughout much of the eastern United States. Heavy snowfall, high winds, and ice knocked out power to more than one million customers in states from Arkansas to Massachusetts. According to the U.S. Department of Energy's <em>Energy Assurance Daily</em>, power had been restored to all but about 3,000 customers as of midafternoon January 26.
Atlantic metallurgical coal markets January 25 heard of possible changes afoot from the start of the new fiscal year, with some variations on coal types and brands -- as well as pricing structures -- being discussed.
From her office window, Sui Ling Phang sees dry bulk vessels sitting pretty in the Singapore strait. All have one common enemy -- unemployment.
