(Fri, 15 Jan 2016) Oman?s total oil production exceeded one million barrels per day in 2015. Oman's government aims to keep production near its current level for at least the next five years by applying enhanced oil recovery (EOR) techniques.
Vaseem Karbhari explores the market fundamentals underpinning a rise in Turkish scrap prices and how the health of Asian steel markets could hold the key to how they perform during 2016.
US mills still file trade cases, sometimes massively, but it seems the days when the government would step in to enact comprehensive solutions are over.
(Thu, 14 Jan 2016) Based on EIA's weekly survey of gasoline prices, the U.S. average retail price for regular gasoline fell to $1.996 per gallon (gal) on January 11, falling below $2.00/gal for the first time since March 23, 2009. The U.S. average retail regular gasoline price had last approached, but not gone below, the $2.00 mark in early 2015. Falling gasoline prices are a result of falling crude oil prices and the seasonal slowdown in gasoline demand.
Platts managing editor for LNG in Europe, Desmond Wong, explains why market players see European ex-Spain reloads as a viable option to the Iberian peninsula.
