The trans-Pacific partnership of China and Canada promises to diversify product access for one of the biggest oil consumers in the world, but it also comes with problems, as Ashok Dutta explains in this week’s Oilgram News column, Petrodollars.
Posts Tagged ‘China’
By Ashok Dutta | March 2, 2015 12:01 AM Comments (0)
By Annie Li | February 12, 2015 12:00 PM Comments (0)
The exodus of Chinese steel traders towards their home towns for this year’s Chinese New Year holiday has already started, a week before the traditional Spring Festival celebrations (February 18-24) officially begin, according to sources who talked to Platts. Only some state-owned and major trading firms will stay open till the end of this week, dealers in Shanghai said.
By Michael McCafferty | February 11, 2015 12:01 AM Comments (0)
The dramatic drop in crude prices over the past year has sent shock waves throughout global markets. Petrochemical markets have also been touched, in some instances in a positive manner, as cheaper crude translates into lower feedstock cost. This analysis looks at a specific sector of the petrochemical market — coal-to-olefins and methanol-to-olefins production — and evaluates how the changing relationship between coal and crude prices is impacting production economics in the largest growing petrochemical market in the world, China.
By Elizabeth Bassett | February 5, 2015 12:01 PM Comments (1)
February in the US is the traditional time to hoist groundhogs before the public to determine whether winter is coming to a close or will continue in a seemingly endless slog. It’s also a time to remember the existential crisis of Phil and wonder if you’re actually stuck in one place for eternity.
In the global world of oil, some issues keep rearing their heads, like a Sonny and Cher song on a clock radio. But in the February edition of The Oil Big Five, we feature many new topics culled from our oil editors and analysts worldwide, who shared the top items they’re keeping an eye on in the oil industry. As always, we encourage you to share your top picks below in the comments or on Twitter with the hashtag #oilbig5, and enjoy this month’s list:
By Yen Ling Song | January 31, 2015 12:01 AM Comments (1)
By Colin Richardson | January 17, 2015 12:01 AM Comments (0)
The immediate reason for the oil price plunge seems fairly clear – producers going gung-ho at a time of weak demand, which is not helped by the buoyant greenback.
What is murkier, perhaps, is how geopolitical agendas and motivations are feeding the bear market.
By Colin Richardson | January 16, 2015 12:01 AM Comments (3)
Tata Steel’s potential sale of its long products division to American Gary Klesch has galvanized UK politicians.
In an opposition day debate in the House of Commons on January 14, Ian Wright, the shadow secretary for business, innovation and skills, said Tata’s decision to quit the longs market did not mean the UK should.
By News Desk | December 24, 2014 10:11 AM Comments (0)
A big net importer of crude oil or oil products doesn’t just import. It might export too, a lot, and the US is a prime example of that. The US remains a net importer of about 5 million b/d or less of total petroleum barrels, yet is the single biggest exporter of oil products in the world.
China isn’t quite at that level yet, but what started out as an interesting quirk in the data earlier this year is now clearly a trend: China is a net exporter of oil products. You can see our analysis of the November figures here.
By News Desk | November 26, 2014 09:08 AM Comments (0)
By Elizabeth Bassett | November 21, 2014 08:36 AM Comments (5)
November is thankfully on its last
legs days, and we’re already exhausted. We knew the month would bring lots of big news topics (such as this one, which reminded me of this, because I’d love to see a rock opera about oil), as we discussed in our original Oil Big Five listing for the month. Then there were other items that didn’t make the list that also drew a lot of attention, from us and from others.
To feature reader comments today, we want to draw attention to the comments on our post about comments, which is very meta. We enjoy hearing from you, as these posts are intended to start conversations and discussions (even arguments!), and we think your comments are one of the highlights of this series.