In the United States, natural gas is having quite a year. Year-to-date, Platts unit Bentek Energy data shows natural gas production has averaged 72.4 Bcf/d, a 5.2 Bcf/d, or almost an 8% increase, from a year ago. This growth is impressive itself, but what makes it even more impressive is the growth has come while prices have been depressed and demand has lagged.
Archive for the ‘coal’ Category
By Alex Froley | June 5, 2015 12:01 AM Comments (2)
Visitors from around the world queue expectantly on the Paris streets, waiting to pass through bag searches and metal detectors to enter the show within. No, it’s not the French Open at Roland Garros, but the big event at the other end of town, the 26th edition of the World Gas Conference, taking place in the French capital all this week.
By Ross McCracken | June 3, 2015 12:01 AM Comments (5)
Coal is being overwhelmed by regulation and supplanted by subsidized competitors. Patriot Coal is the latest US producer to come off the rails, and thousands of miles away in country that not so long ago was building a coal-fired plant a week, Chinese coal producer Shenhua has also reported poor financials. Yet one firm, SinoCoking Coal, has embraced coal gasification and, in the midst of the ‘coaldrums,’ has reported a huge rise in income. Ross McCracken has more from the most recent selection from Platts Energy Economist.
By Frank Watson | May 22, 2015 06:00 AM Comments (10)
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 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 Sebastian Lewis | April 16, 2015 02:35 PM Comments (0)
What’s in a number? Quite a lot when it comes to Chinese GDP.
Especially when it’s 7%, which was the real growth rate of the Chinese economy in the first quarter of 2015, compared to the first quarter of last year, according to the Chinese National Bureau of Statistics, who released this much-awaited data point on April 15.
By Deepak Kannan | March 27, 2015 01:15 PM Comments (0)
If you are a coal producer focused on the Chinese market, I am sure you will be scratching your head thinking about the future. Ever since China started imposing restrictions on imports, suppliers have gone on a wild hunt for buyers.
By Ross McCracken | March 25, 2015 01:01 AM Comments (6)
The coal industry is in crisis. It has failed to recognize the structural shift in power generation driven by regulation rather than price and has missed the window of opportunity to invest in clean coal technologies. Now it faces a slow King Canute style demise, as elaborated by Ross McCracken, managing editor of Platts Energy Economist.
By Frank Watson | March 16, 2015 12:00 PM Comments (0)
What happens when an irresistible force meets an immovable object? One answer to this paradox is “nothing” since irresistible forces and immovable objects can’t co-exist. At least not in the real world.
But what happens when the irresistible force is the political will of the European Union to reform its carbon market ahead of global climate talks later this year, and the immovable object is a group of EU member states who are resolutely opposed to higher carbon prices?