Posts Tagged ‘gasoline’

Oil and biofuels vehicles, check your mirror; the car behind you might be electric…

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?

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The Oil Big Five: Taking stock at the end of Q1

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.

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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 »

Will US Gulf Coast gasoline trade ever see a $3 million deal again?

So what can you get these days for $3 million? Well, this apartmentOr 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.

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US ethanol industry excitement boiling over at 2015 RFA conference

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.

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No demand response to crude price crash? ‘Show us the money’ say motorists in India and China

Crude oversupply is a well-known story by now. Let’s talk about demand growth – or the absence of it. Why has the near-60% crash in crude as measured between the high of mid-June 2014 and the trough of January this year ($115.06 and $46.59/b respectively for front-month Brent) not produced a demand response from Asia?

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California’s cap-and-trade no more than road bump in gasoline’s steep price decline

Drivers in car-crazed California paid more than 10% more for their gasoline at the start of the year. They just didn’t realize it.

As expected, California’s introduction of the emissions cap-and-trade program for transportation fuel suppliers boosted Los Angeles regular gasoline rack prices nearly 17 cents in the first two days of 2015 to $1.5885/gal. The rack is the wholesale level where gasoline and diesel is moved onto those often-shiny tanker trucks that hold roughly 9,000 gallons.

What barely changed right away was the price up and down the supply chain.

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Indexology: A strong US dollar isn’t bad for all commodities

Jodie Gunzberg is the global  head of commodities for S&P Dow Jones Indices, which like Platts is part of McGraw Hill Financial. She writes on commodity investing on the Indexology blog. Her post from January 6, discussing the link between the US dollar the price of commodities, is reproduced here. 

A strong US dollar is generally bad news for commodities since historically as the US dollar strengthens, goods priced in dollars become more expensive for other currencies. The historical negative relationship between the US dollar and the S&P GSCI is shown below.

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EIA analysis: Record US crude oil runs lead to bearish product stock builds

Soaring crude oil inputs at US refineries helped to push combined US gasoline and distillate stocks 13.78 million barrels higher the week ended December 5, US Energy Information Administration (EIA) oil data showed Wednesday. Despite the higher demand from refiners, the buildup in US product stocks weighed on the oil complex. Read the full Platts analysis of the EIA data here.

The Oil Big Five: Looking into the short future of 2014

The end of December is just around the corner, and it’s typical at this time of year for publications to take a grand look backward to sum up the year. What kind of proclamations can we make about the global oil industry in 2014? What sort of lessons are there to be learned, and how will we look back on 2014 years from now?

As tempting as it may be to take that look in the rearview mirror, today we’re going to look ahead with our December version of The Oil Big Five. By now you know the drill: We ask our Platts editors and analysts in offices around the globe what they think are the biggest issues or topics in the oil world for the upcoming month, and then we ask you for your thoughts. Are we right, are we wrong, and what do you want to see covered? Leave us your comments here or with #oilbig5 on Twitter.

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