Asian benzene fell to $639/mt FOB Korea November 12 on weaker upstream crude prices; Latin benzene assessed November 6 at $622-$624/mt FOB Brazil, tracking US Gulf Coast pricing.
Platts editors analyze jet fuel/kerosene demand and prices in Asia as the region heads into a warmer-than-average winter season.
(Fri, 13 Nov 2015) Increases in North Dakota's crude oil production have resulted in increased associated natural gas production from oil reservoirs. Because of insufficient infrastructure to collect, gather, and transport this natural gas, about one-fifth of North Dakota's natural gas production is flared rather than marketed. North Dakota's Industrial Commission has established natural gas capture targets in an effort to reduce the amount of flared gas, and they recently issued a revision to the flaring targets in response to gas production growth.
The steel industry doesn’t have much to cheer about these days. Some recent news items tell the tale, says Tom Balcerek.
We're speeding toward the end of 2015, which means that The Oil Big Five is increasingly focused on topics that could shape the global oil industry into 2016 and beyond.
(Thu, 12 Nov 2015) Although overall U.S. crude oil imports have been declining since 2005, crude oil imports from Canada have been increasing. As of August, Canada provided 45% of all crude oil imports to the United States, almost three times as much as all Persian Gulf countries combined.
The aluminum business could now be rocked by a scandal much closer to home.
Jet fuel may be half the price it was a year ago, but airlines used to so many sad-song years aren’t taking anything for granted.
(Tue, 10 Nov 2015) Earlier this year, the Highway Trust Fund (HTF) reached its lowest level in decades, ending July at $6.1 billion dollars. A congressionally approved transfer of more than $8 billion boosted the fund's balance to end the fiscal year (September 30) at $12 billion, but that is still the second-lowest year-end level since 1984.
(Tue, 10 Nov 2015) Canada is one of the world's five largest energy producers and is the principal source of U.S. energy imports. The country is a net exporter of most energy commodities and a significant producer of crude oil and other liquids from oil sands, natural gas, and hydroelectricity. Energy exports to the United States account for the vast majority of Canada's total energy exports.
