When Saudi Arabia’s oil minister Ali Al-Naimi turned the screw on US shale and Russian oil producers last November by arguing against a cut in OPEC crude production amid slumping oil prices, European petrochemical producers were rubbing their hands.
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By Andrew Allan & Nandita Lal | June 12, 2015 09:00 AM Comments (0)
By Benjamin Morse and Starr Spencer | June 8, 2015 12:01 AM Comments (1)
The US and Canada aren’t slowing oil production, as many predicted when it appeared oil prices were settling into a lower pattern for an extended time period. Efficiencies, which fostered the growth of tight oil production, have continued to protect margins, as Benjamin Morse and Starr Spencer explain in this week’s Oilgram News column, New Frontier.
By Amanda Rayborn | June 2, 2015 12:01 AM Comments (1)
A new oil commodity with a clunky name began grabbing headlines this spring: Colonial Pipeline shipper history. Here’s the history of this so-called history, and why it’s likely to stick around after this summer’s tan lines are long faded.
By Alex Froley | May 27, 2015 11:21 AM Comments (2)
The UK’s premier business lobbying organization, the CBI, has called on the business world to “turn up the volume” in the debate about the country’s relationship with Europe. A referendum is expected by 2017 to decide whether or not there should be a British exit (or “Brexit”) from the European Union. But how could this impact the electricity and gas market?
By Brian Scheid | May 26, 2015 07:46 AM Comments (0)
For years, legislative efforts to give coastal states a larger share of offshore drilling revenue have brought the Senate Energy and Natural Resources Committee “to a standstill,” Washington Senator Maria Cantwell, the committee’s top Democrat said at a hearing last week.
By Eklavya Gupte | May 25, 2015 12:01 AM Comments (10)
Nigeria and Angola, both situated on the west side of Africa, are two of biggest producers in the region, but the crudes from these two countries have treaded divergent paths in the past year, despite a lot of similarities.
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 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 Jeff Ryser | May 14, 2015 12:01 AM Comments (4)
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?