New policies could spell oil demand slowdown in India and China
India and China are putting in place new policies to control pollution, particularly in their major cities.
India and China are putting in place new policies to control pollution, particularly in their major cities.
US ethanol's recent pursuit of gasoline's nosedive has reminded Jordan Godwin of the Gin Blossoms classic, "Follow You Down."
(Fri, 22 Jan 2016) An upcoming winter storm has resulted in blizzard watches in major Mid-Atlantic cities, including Washington, DC, Baltimore, Philadelphia, and New York City. Nearly 75 million people are in regions expected to be affected by the storm. In addition to record levels of snowfall, affected areas could experience high winds as well as coastal storm surges and flooding in susceptible regions.
From Western Canada to the Saudi-Iran conflict, our topics highlighted in January's iteration of The Oil Big Five point out some the biggest things to watch in the global oil markets.
Blast furnaces across the UK are under threat as the steel industry bounces from one crisis meeting to another.
(Thu, 21 Jan 2016) Oman is the largest producer of crude oil (including condensate) in the Middle East that is not a member of the Organization of the Petroleum Exporting Countries (OPEC). Oman's oil production has increased each year since 2007 and ranked 7th among Middle East oil producers and 21st in the world, as of 2014. Production exceeded one million barrels per day in June 2015 for the first time since December 2000.
(Thu, 21 Jan 2016) U.S. coal production during third quarter 2015 totaled 237.3 million short tons. This was 12.4% higher than the previous quarter and 7.1% lower than third quarter 2014. Third quarter 2015 U.S. coal exports (16.9 million short tons) dropped 14.4% from second quarter 2015 and dropped 25.6% from third quarter 2014. U.S. coal imports in third quarter 2015 increased to 3.0 million short tons from 2.6 million short tons in second quarter 2015. All data for 2014 and prior years are final. All data for 2015 are preliminary.
At the very least, the announcement was seen as a shot across the bow of coal production in the US.
(Wed, 20 Jan 2016) Refineries use hydrogen to lower the sulfur content of diesel fuel. Refinery demand for hydrogen has increased as demand for diesel fuel has risen both domestically and internationally, and as sulfur-content regulations have become more stringent. EIA data show that much of the growth in hydrogen use at refineries is being met through hydrogen purchased from merchant suppliers rather than from increased hydrogen production on-site at the refinery
Iran the heart of the world? That may be stretching the point a little but there’s no doubt something significant has happened here over the last couple of days.