Platts steel team tasked our design and production department to take a wealth of steel raw materials data and transform those freshly mined (sic) numbers into something visually engaging. In this post we present you with the very interesting results.
Posts Tagged ‘Asia’
By Jamie McDuell | August 29, 2014 09:54 AM Comments (1)
By Elizabeth Bassett | July 1, 2014 04:45 PM Comments (3)
Welcome to The Oil Big Five for July 2014, where we list the big issues that are keeping our Platts oil experts busy around the globe. You can find our last posting here, which had the problem of not posting comments for a short time when it first went up. We really appreciate everyone who commented on the blog once it was fixed, though, as well as those who sent us feedback on Twitter. The latest round-up of reader comments can be found here, and be sure to comment again for the follow-up to this post.
Here are the biggest oil issues or trends that our editors and experts nominated to be a part of the post this month. Read the rest of this entry »
By Yen Ling Song | January 17, 2014 05:27 AM Comments (1)
For all the talk about slowing growth, China’s oil demand didn’t fare too dismally last year. It likely remained stable at around 3%, even as the government doggedly pursued reform and rebalancing in favor of accelerated GDP numbers.
Yet the fact remains that analyzing oil demand in China is often a stab in the dark based on scant data. Unlike many other major consumers that release actual consumption data, China’s statistics offer no such transparency.
By Platts Asia News Team | October 21, 2013 07:49 PM Comments (1)
Nestled among rolling green hills in southeastern Korea, the city of Daegu is said to have a population of 2.5 million people. But given the lack of decent hotel rooms, restaurants, bars or Big City buzz in general, many of the 7,000 delegates attending the 22nd Word Energy Congress there last week wouldn’t have been surprised to hear it was a town one-tenth that size.
The political and financial whys and wherefores of how cities come to host the triennial WEC make the Olympic city selection process look like a Norwegian election campaign. But suffice to say, Daegu is not an ideal venue for a huge, international conference and trade show.
By Carla Bass | May 21, 2013 12:01 AM Comments (1)
One thing I learned during an eight-year stint in Latin America is that magical realism is not just a literary device popular among writers there.
Sometimes it is a worldview, such as when a government minister of a certain Latin American country assured a group of journalists that vastly increasing its oil production was just a few weeks away as all they had to do was “turn on” some non-producing wells. This was the same minister who gulped down brackish water from a lake to “prove” that an oil spill there had been cleaned up. He said it tasted just fine.
By Christine Forster | May 2, 2013 06:16 AM Comments (1)
Of the three oil and gas majors understood to be vying for a share of US-listed junior InterOil’s Gulf LNG project in Papua New Guinea, Shell is being tipped by some industry insiders as the bidder most likely to succeed.
The PNG government approved InterOil’s plans to develop the 3.8 million mt/year Gulf LNG project in November last year but has required that the company bring in a partner with a track record operating similar projects. At the same time the government said state-owned resources company Petromin would take a 50% stake in the onshore Elk and Antelope gas fields that will feed the LNG project.
By Tamsin Carlisle | April 18, 2013 12:01 AM Comments (0)
Qatar’s LNG development policy has been a matter of considerable international consternation. Why invest tens of billions of dollars to become the world’s leading exporter of the fuel, and then jeopardize that dominant market position by indefinitely extending a moratorium on most upstream gas development?
Research and consulting company Wood Mackenzie thinks it has the answer to that conundrum.
By News Desk | August 22, 2012 05:01 PM Comments (0)
Chinese apparent oil demand rose in July, according to Platts’ analysis, rebounding from June’s decline, which was the first contraction in more than three years. The rise in July demand was driven by a 53% boost in net imports of oil compared to a month earlier. You can read about the decline, and the sharp turnaround from the growth rates of the past, here.
By News Desk | August 13, 2012 09:34 AM Comments (0)
Everywhere Bangladesh turns to develop its offshore resources, it seems to run into a border dispute. But some of those are receding, and the country is optimistic about its oil and gas prospects. Mriganka Jaipuriyar has an overview of the country’s outlook in this week’s Oilgram News column, At the Wellhead.
By News Desk | August 6, 2012 11:19 AM Comments (0)
The acquisition of Canada’s Nexen by CNOOC, announced last month, makes sense on many fronts.
It gives CNOOC a stake in the North Sea, which means it’s effective now “long” the Brent market, where China has major exposure; and it also gives it a greater stake in what happens with WTI, since Nexen’s Canadian crude sold into the US will be tied to that benchmark.
Robert Perkins writes in this week’s Oilgram News column, Petrodollars, on the reasons why the deal is a logical one for CNOOC.