Pope Francis is set to weigh in on the climate change debate in what has already caused a considerable buzz in the media, by equal measure prompting cheers from the green lobby and irritation among climate skeptics, even before the message has been released.
By Frank Watson | May 22, 2015 06:00 AM Comments (1)
By Alex Froley | May 22, 2015 12:01 AM Comments (0)
The strongest year for European gas demand since the 2008 financial crisis was 2010, a year impacted by the El Niño weather phenomenon. With international weather agencies now identifying the signs of the first El Niño conditions since 2010, could this be a sign of a cold winter ahead, and strong gas demand to come?
By Joseph Innace | May 21, 2015 12:01 AM Comments (0)
The world’s next ‘leap second’ event will occur on June 30, 2015 — and, for the first time ever, according to the Futures Industry Association (FIA), it will happen “during active trading hours in an environment where electronic and automated trading relies on sub-second precision for communication, execution, clearing, surveillance and audit trails.”
By Michael McCafferty | May 19, 2015 12:01 AM Comments (0)
The US dollar has fallen sharply over the past few months following an impressive push upward for nearly a year. This reversal has helped propel crude prices upward and, in turn, petrochemical prices — a relationship that occurs because crude and many other commodities are priced in US dollars. A weaker dollar means you need more of them to buy a barrel of crude, a bushel of wheat or a bag of polyethylene.
By Robert Perkins | May 18, 2015 12:01 AM Comments (0)
By Prema Viswanathan | May 15, 2015 08:38 AM Comments (0)
At the recent Asia Petrochemical Industry Conference (APIC) held on May 7-8 at Seoul in South Korea, one of the hot topics doing the rounds was China’s march towards self-sufficiency. Will it, delegates asked, put a brake on petrochemical majors’ engagement with the country, which is currently the world’s largest consumer of chemicals?
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By Caroline Knight | May 15, 2015 08:06 AM Comments (1)
In a move last week that many commentators might see as a real blow for a company already struggling to convince the world of its environmentally friendly credentials, oil giant BP announced it had decided to sell its share in the UK’s largest bioethanol plant.
By Jeff Ryser | May 14, 2015 12:01 AM Comments (3)
Is it the first signs of a serious problem for wind power generation?
Data shows a significant drop-off of wind power sales in California due to warm weather, which caused a drop in wind velocities. Is it possible that wind farms that so many believe will help mitigate the warming of a changing climate will instead be impaired by that very same warming?
By Elizabeth Bassett | May 13, 2015 12:01 AM Comments (1)
This month’s version of The Oil Big Five marks its first anniversary and we’re pleased to still be serving up a monthly dose of topics to keep an eye on in the global oil industry.