As detailed previously, Ukrainian agribusiness has been one of the few success stories during the course of the country’s recent woes. And it’s a good thing that it is, as it is hard to understate the importance of agribusiness to Ukraine. A third of all exports from Ukraine last year were agricultural. Some 16.3% of total GDP comes from the sector. One in five employed adults work in a role connected to agriculture.
By Thomas Houghton | October 13, 2015 12:15 PM Comments (0)
By Brian Scheid | October 13, 2015 12:01 AM Comments (0)
In July, North Dakota produced just over 1.2 million b/d of crude oil, down just over 9,400 b/d from the previous month and down nearly 26,000 b/d from the all-time high of about 1.23 million b/d the state set in December 2014.
The decline in Bakken production is hardly surprising considering the dramatic cuts producers have made in response to the sustained drop in oil prices, nor is it a particularly severe drop.
But state regulators are scrambling for options to sustain North Dakota production above that 1.2 million b/d level and prevent supply from falling along with the state’s rig count. The state is expected to unveil production figures for August this week.
By Nastassia Astrasheuskaya | October 12, 2015 02:57 PM Comments (0)
By Wes Swift | October 8, 2015 12:54 PM Comments (0)
While some may associate the summer with dry spells, for the US dried distillers grains (DDGS) market, the dry spell has come in the fall.
Numerous sources have said that China, the world’s No. 1 importer of DDGS, has stopped purchasing the ethanol byproduct in recent months after buying heavily earlier in the year. That assertion is backed up by data from the US Department of Agriculture. According the USDA, DDGS exports peaked in May at $252.016 million, fell off slightly in July, then cratered in August.
By Ben Gonzalez | October 7, 2015 12:01 AM Comments (0)
Prior to the drop in oil prices during the second half of 2014, the shale revolution was putting the US in a position to become less dependent on foreign oil, fueling job creation in the oil and gas industry, and creating a manufacturing renaissance. Many countries attempted to replicate the same success that the US experienced in shale. However, the US and Canada are the only major producers of commercially viable natural gas from shale formations in the world.
While large-scale commercial production of shale gas has not yet been realized in Canada, at least to the degree that the US has attained, many petrochemical companies are exploring the opportunities from the new supply of natural gas liquids derived from shale gas developments in Canada.
By Caroline Knight and Reinout Geyssens | October 6, 2015 12:01 AM Comments (3)
As news of the Volkswagen scandal broke in the US, it was only a matter of time before the storm hit Europe’s shores. The news was just one more log on the blaze of bad publicity the diesel industry has received in recent times. Moreover, in cultural terms, nitrogen oxide emissions seem to have overtaken carbon dioxide as the more “evil” of the two pollutants.
By Robert Perkins | October 5, 2015 12:01 AM Comments (1)