International sanctions against Russia introduced in 2014 turned out not to be the bogeyman they first seemed to be, and could in fact have played a key role in helping the Russian oil sector to not only handle the sharp price drop over the last year and a half, but make the industry more efficient in the long run.
By Elizabeth Bassett | February 8, 2016 12:01 AM Comments (0)
By Matt Kohlman | February 5, 2016 01:56 PM Comments (0)
At the Platts Middle Distillates Conference in Antwerp, Belgium, in late January, those attending spoke a diesel-focused language, this being Europe where people mostly drive diesel cars even after the VW scandal.
So I had to filter out a lot of information to get any dirt on jet fuel — also a middle distillate. And what did they talk about for jet fuel? Not prices or inventories. But filters. And dirt.
By Keith Tan | February 5, 2016 06:17 AM Comments (0)
As China takes off for the new Year of the Monkey, the mood for many in its steel industry will decidedly be sombre, judging from the recent slew of warnings several steelmakers have issued, predicting massive losses for 2015.
By Ben Gonzalez | February 2, 2016 12:01 AM Comments (0)
On Jan. 20, WTI and Dated Brent closed at $26.54/b and 25.96/b, respectively, the lowest we have seen oil prices since 2003. Since then we have seen prices rise and hover around the $30/b level.
Unlike ethane, naphtha is highly correlated with the price of oil. Therefore, fluctuations in global oil prices will have a major impact on steam crackers, more so in Europe and Asia where most producers utilize naphtha as a feedstock for producing ethylene.
By Ronald Buchanan | February 1, 2016 08:41 AM Comments (0)
Falling crude oil production, falling refined product output and falling income have led many to believe that the sky is falling on Mexico’s state-owned oil company Pemex.
The perilous situation for Mexico’s energy industry — and Pemex is Mexico’s energy industry — has not been lost on officials who are trying to reform the company and, by extension, the nation’s energy landscape.
By Wes Swift | January 28, 2016 12:01 AM Comments (2)
Traders, marketers, producers and other stakeholders of the US biodiesel industry have converged on Tampa, Fla., this week for the 2016 National Biodiesel Conference to review the last year and look ahead to what 2016 brings.
Despite spending 2015 awash in uncertainty due to the US Environmental Protection Agency’s delayed decision on the Renewable Fuel Standard blending mandates, the biodiesel industry ended the year with a few key victories.