Archive for the ‘oil’ Category

Guest post: A driving force behind the Low Carbon Fuel Standard sees credit prices rising

John Kingston is President of the McGraw Hill Financial Global Institute and Director of Global Market Insights. He continues to observe energy markets after his many years with Platts.

The price of Low Carbon Fuel Standard credits is going to rise. It’s just a question of when.

Read the rest of this entry »

UK election kicks off an uncertain period for energy investors

The UK’s general election kicked off Monday with the official closure of parliament, heralding 38 days of campaigning ahead of the May 7 vote. With clear policy differences between the parties and the polls too-close-to-call, energy investors could be set for an uncertain year ahead.

Read the rest of this entry »

Dubai’s national oil company considers expanding upstream presence: Petrodollars

Many have been waiting for mergers and acquisitions— particularly in E&P sectors — to pick up in light of low oil prices, and one case of a downstream-focused company considering acquiring an oil producer caught the attention of Tamsin Carlisle in this week’s Oilgram News column, Petrodollars.

Read the rest of this entry »

Nigerian elections 2015: Oil, militancy and subsidies

On March 28, Africa’s biggest economy and also the continent’s largest oil producer, Nigeria, will go to the polls to elect its new president.

Read the rest of this entry »

US commercial crude stocks continue build: EIA analysis

While US crude oil production was almost flat for the week ended March 20, total commercial stocks increased 8.170 million barrels to 466.678 million barrels, according to data released today from the US Energy Information Administration.

Refineries were slightly more active during the week, with the utilization rate increasing 0.9 percentage point to 89% of operable capacity. Maintenance season has kept utilization rate under 90% since January 16, with the exception of one week. To read a total breakdown of the latest EIA data, see the Platts analysis here.

New Frontier: Pursuing oil production in the Falkland Islands

The Falkland Islands, off the coast of Argentina, are the focus of a new production push, but sovereignty and price concerns could put a crimp in plans, as Robert Perkins explains in this week’s Oilgram News column, New Frontier.

Read the rest of this entry »

Is gasoline about to give us a demand response?

A swallow does not a summer make, they say.

How about two?  India has just released its February oil consumption data. And rather  remarkably, gasoline sales are up 18.3% on year, on the heels of a 17.7% spike seen in January.

For the two months, gasoline consumption averaged about 470,000 b/d, compared with 398,000 b/d a year ago. Read the rest of this entry »

Tax break, time limits may cause Bakken oil “surge” this summer

As oil prices continue to fall amid flat demand and near-record supply, a dramatic production slowdown is expected to hit the US sometime this summer, if not earlier.

But no matter how unfavorable market fundamentals may be to Bakken operators, North Dakota is likely to see a “big surge” in production this June, potentially besting another supply record even if prices continue to crater, according to Lynn Helms, director of the state’s Department of Mineral Resources.

Read the rest of this entry »

EIA analysis: US oil stockpiles, production rose last week

The latest data from the US Energy Information Administration shows US crude oil stockpiles rose 9.62 million barrels during the week ended March 13, again surpassing analysts’ expectations about the build. At 458.51 million barrels, US stockpiles for this time of year are at the highest level seen in at least 80 years, the EIA said. Learn more about crude oil production, imports, refinery demand and regional stocks in our latest Platts analysis, which you can read here.

The Oil Big Five: Slowdowns from capex cuts and strikes

In the US, March often means spring break: children and young adults have a week off school and classes and families take the time to travel, have some adventures in their hometowns, or just try to catch up and catch their breath as the year continues its hurtle forward.

You may have thought we were taking a break from The Oil Big Five, since this entry is coming midmonth instead of at the beginning of March. Thankfully, that’s not the case, and we’ve caught our breath enough to share this listing of five big oil topics our oil editors and analysts worldwide think are among the most important. Leave us your thoughts in the comments below — are there others you want recognized, or would you like to chime in support that one of these topics is affecting you somehow? — and drop us your feedback on Twitter with the hashtag #oilbig5.

Read the rest of this entry »