Ned Molloy explains the benefits of having ownership of physical barrels — and how companies that do so are still competing in trading with those armed only with information — in this week’s Oilgram News column, Petrodollars.
By Ned Molloy | April 27, 2015 12:01 AM Comments (0)
By Jordan Godwin | April 24, 2015 06:00 AM Comments (0)
The imports are coming, the imports are coming!
Just two months ago, we were at the National Ethanol Conference in Grapevine, Texas, talking about how the US ethanol industry was “going global.”
By Michael Cooper | April 24, 2015 12:01 AM Comments (1)
Ever had a house guest who has outstayed their welcome? It could be a family member, old school friend or acquaintance who has taken up residence in your house for longer than expected. They said they would stay only for a few days, then a week goes by and you begin to get impatient and frustrated. Politeness and your good manners keep you from broaching the subject of their stay. What to do?
By News Desk | April 23, 2015 05:03 PM Comments (0)
Thursday is not the final day of IHS CERAWeek, but it is the final day focused on a particular commodity. It’s also Platts’ final day at CERAWeek this year. Thursday’s focus on electric power allows for a wide variety of topics, though, from coal to actual power generation to natural gas and everything in between.
We had two editors roaming the sessions Thursday, one to focus on coal and one to focus on electric power. Some of what we heard was shared from @PlattsPower, although @PlattsCoal, @PlattsGas and @PlattsOil also got some fodder from various officials sharing their plans. Just as a good power ballad has to come to an end, our coverage of this year’s CERAWeek is ending, and here are some thoughts from our editors about Thursday’s events.
By Alex Froley | April 23, 2015 12:01 AM Comments (2)
Europe’s competition commissioner Margrethe Vestager is taking on some tough battles. Last week she accused US technology giant Google of abusing its dominant position in the internet search market. This week she has laid charges against Russian gas producer Gazprom over its sales practices in eastern Europe.
By News Desk | April 22, 2015 06:34 PM Comments (0)
While Wednesday was supposedly natural gas day at IHS CERAWeek, oil topics still leaked into some of the discussions from executives and officials, such as during a discussion with Richard Kinder of Kinder Morgan.
On the other hand, some companies centered on other commodities (*cough cough coal*) are looking to gas as a way to round out their opportunities in a rapidly changing global energy landscape.
We tweeted tidbits from @PlattsGas, as well as from @PlattsOil and @PlattsCoal today, and also shared stories from our three natural gas and LNG editors who were in attendance at various sessions. Below are some of their thoughts about Wednesday’s events.
By News Desk | April 21, 2015 08:18 PM Comments (0)
Second verse, same as the first . . . in some ways.
Many of the themes raised Monday at IHS CERAWeek were reprised Tuesday, the second day of the conference. But Tuesday’s offerings were decidedly more global, and our oil editors here share some of their thoughts on what they saw and heard.
You can find news stories and tweets from Tuesday shared on @PlattsOil (including one tweet that we felt needed a retweet from @PlattsCoal). You can also read thoughts from our reporters on the first day here.
By News Desk | April 20, 2015 08:10 PM Comments (0)
As we have in years gone by, we’re highlighting parts of the IHS Energy CERAWeek here on The Barrel. We have a rotating cast of editors coming this week to the Houston energy conference, from oil to natural gas to power, and each day we’ll have a post in which we share what stood out to us.
You can follow more of the coverage by following @PlattsOil, @PlattsGas and @PlattsPower and looking for the hashtag #CERAWeek, as well as by checking Platts.com for news stories. At the end of the conference, we’ll also have a Storify feature about the conference, compiling all our coverage in one location.
By Ashok Dutta | April 20, 2015 05:26 AM Comments (0)
By Chris Pedersen | April 17, 2015 01:00 PM Comments (3)
This time a year ago, the United States produced about 66 Bcf/d of natural gas and the national average price of next-day delivered natural gas was $4.59/MMBtu. Today, the US is producing roughly 72 Bcf/d of natural gas and the average national price of next-day delivered gas, as of April 13, was $2.35/MMBtu. It is safe to say that we are in an environment of depressed prices and surplus supply.