The beginning of July is the beginning of the second half of the year, and just over the weekend I was looking at a calendar and marveling that we’d arrived here already. We started this feature a little over a year ago, but especially within the past 12 months, the oil industry seems like it’s been taking us all on a roller-coaster ride. On July 1 of last year, for example, Dated Brent was assessed by Platts at $110.46/b, but on July 1 of 2015 it was assessed at $61.67/b. Today, we’re attempting to pull out some highlights from the most recent part of that wild ride.
Posts Tagged ‘gasoline’
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 Elizabeth Bassett | May 13, 2015 12:01 AM Comments (1)
This month’s version of The Oil Big Five marks its first anniversary and we’re pleased to still be serving up a monthly dose of topics to keep an eye on in the global oil industry.
By Patricia Manso | May 5, 2015 12:01 AM Comments (1)
When you’re sitting on a shed load of sugarcane, it’s nice to know you have options. For Brazil, as the powerhouse of global sugar production, that choice falls into two broad areas — make sugar, or make ethanol.
By Faiza Hassan | April 27, 2015 07:00 AM Comments (0)
We all notice how natural disasters impact commodity values, whether it’s a hurricane immediately raising gasoline prices at the pump, or snow storms leading to an uptick in demand for heating oil.
Take the Midwest for example. Wet weather has delayed spring planting, resulting in a build of diesel stocks in the Midwest, feeble agricultural demand, and really low prices.
By Tim Worledge | April 17, 2015 12:03 AM Comments (0)
Time was when humanity seemed to take endless leaps forward in terms of technology. There was a sense that everyone was pushing forward at the same time and in the same direction. In today’s world, when investing in the next big tech, the great diaspora of ideas can be a challenge that divides investment funds, and has the ability to muddle that sense of direction, that notion of collective tech-progress.
Which brings us to cars. Combustion engines surely can’t go on for ever, that much is clear, but in that maelstrom of ideas, could the electric car now be attaining a critical mass? And could the two great energy and transport rivals — oil and biofuels — be developing a blind spot around their rise?
By Elizabeth Bassett | April 9, 2015 03:34 PM Comments (4)
There are a couple months of the year that seem busier than others, and April is one in the oil industry. The first quarter has ended, and many of the editors here at Platts are readying themselves for the slew of earnings calls and reports that will be coming soon. Those quarterly updates can sometimes signal big changes – announcements about new projects, financial doings, production figures, etc. – and we wanted to assess the global oil industry now, in the calm before the storm.
By Vandana Hari | March 20, 2015 01:58 PM Comments (1)
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 »
By Jeffrey Bair | March 12, 2015 02:00 PM Comments (6)
So what can you get these days for $3 million? Well, this apartment. Or 250,000 pairs of those khakis that Michigan football coach Jim Harbaugh loves so much. How about two islands due south of Brooklyn? (If you’re interested and your name is Mr. Moneybags from Monopoly, they are still for sale, a Realtor said this week.)
Here is where we pivot. It used to be that a $3 million deal for 25,000 barrels of Gulf Coast gasoline happened almost every trading day.
By Jordan Godwin | February 23, 2015 01:27 PM Comments (0)
Come for the ethanol, stay for the conversation.
The Renewable Fuels Association’s 20th annual National Ethanol Conference was jam-packed with fascinating discussions over issues and obstacles the US ethanol industry faced in 2014 and is expecting in 2015, including whether it’s possible to top a record for exports.