The weekly data from the Energy Information Administration showed a significant build in crude oil stocks. Our analysis of those numbers is here.
By Bernardo Fallas | October 22, 2014 01:46 PM Comments (0)
There’s something about $80/barrel crude that gets petrochemical markets in the US all riled up.
As the energy complex slowly emerges from its latest dip, let’s take a look at how some of these key markets fared over the past two weeks.
By Matt Kohlman | October 21, 2014 11:41 AM Comments (0)
I flew two different airlines last week. Both were packed.
Despite Ebola fears. Despite high ticket prices. Despite a slowing global economy. Despite high jet fuel prices.
Wait. Scratch that last one.
Spot market jet fuel prices have plunged as much as 50 cents below the 2014 average.
By Brian Scheid | October 20, 2014 12:01 AM Comments (1)
By Jordan Godwin | October 17, 2014 04:10 PM Comments (3)
Don’t look now, but the ethanol blendwall is back.
That 10% cap of how much ethanol can be blended into the US gasoline pool was a fiery issue in the Big Oil vs. Big Farm battle in 2013.
And believe it or not, the number has quietly but quickly crept back up into dangerous territory.
By Jim Foster | October 17, 2014 12:01 AM Comments (0)
With the announcement of yet another new cracker project this week — this time, to be built in North Dakota — the US petrochemical industry could be reaching a tipping point in the shale gas revolution.
It’s hard to imagine a time when the US could run out of ethane, particularly in the current environment where ethane rejection is expected to climb as high as 450,000 b/d during the next two years. But the announcement Monday that Badlands NGL’s LLC is planning to produce 1.5 million metric tons of polyethylene per year in North Dakota could cause the country to have an ethane deficit by 2021.
By News Desk | October 16, 2014 04:11 PM Comments (0)
By John Kingston | October 16, 2014 12:37 PM Comments (0)
A few snippets from a conference call Ed Morse and his team at Citi held today on the decline in oil prices.
By Rodney White | October 16, 2014 12:01 AM Comments (0)
When pushing for greater use of natural gas vehicles, advocates know patience is a virtue. A lot of patience.
One recent tangle, a regular Gordian knot, has been the question of how LNG used as a transportation fuel should be measured and taxed. Should it be by weight, like kilograms, or volume, such as diesel and gasoline gallon equivalents (DGE or GGE).
This is no small picky detail that excites policy wonks. It matters a great deal to current and future LNG vehicle owners and state tax collectors.
By Jeff Ryser | October 15, 2014 11:17 AM Comments (0)
The midstream segment of the US natural gas business — pipelines, processing and storage — is where investment is targeted based on the assumption that a lot of new shale gas will be produced and consumed over the next couple of decades.
What some are wondering and worrying about, though, is whether the future price of natural gas will hold up and not wreck the credit of those making the infrastructure investments.