If you’re an oil exporter, the December 12th report on the state of the oil market from the International Energy Agency will have topped off yet another week of very bad news.
Posts Tagged ‘prices’
By Stuart Elliott | December 12, 2014 11:44 AM Comments (0)
By Elizabeth Bassett | December 10, 2014 05:34 PM Comments (3)
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.
By Elizabeth Bassett | November 21, 2014 08:36 AM Comments (4)
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.
By Stuart Elliott | November 14, 2014 09:55 AM Comments (4)
The 30% fall in oil prices since mid-June continues to dominate the oil market headlines, and anyone hoping for a swift recovery in prices could well be disappointed — especially if the most recent forecasts from the International Energy Agency are anything to go by.
The west’s energy watchdog said on Friday that global oil prices could continue to fall into 2015 despite the expectation that some unconventional oil production could become uneconomic at prices under $80/b.
By Brian Scheid | November 6, 2014 12:01 AM Comments (0)
Shortly after the US Energy Information Administration released a report last week on what drives US gasoline prices, the American Petroleum Institute declared its findings a significant argument in favor of dropping all restrictions on US crude oil exports.
The EIA report “confirms that lifting trade restrictions on U.S. crude oil could benefit U.S. consumers and promote America’s economic growth,” the oil and gas industry’s key trade association said in a statement.
That same day, the Producers for American Crude Oil Exports, a lobbying group backed by independent oil companies including Anadarko Petroleum, ConocoPhillips and Hess, said the EIA report backed the group’s calls for liberalizing the crude export restrictions which have been in place for nearly 40 years.
By Elizabeth Bassett | October 23, 2014 03:33 PM Comments (3)
This is a busy time of year, and between conferences and the reporting of big news events, we’ve been running in several directions at once here at The Barrel. That’s part of the reason why we’re just now getting to your comments about the October version of The Oil Big Five, when we got our analysts and editors to share their biggest issues in the global oil industry.
Today, though, we want to highlight some of your comments. Remember you can always tell us your thoughts through a comment here on the blog, or on Twitter with the hashtag #oilbig5.
By Jamie McDuell | August 29, 2014 09:54 AM Comments (5)
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.
By Vandana Hari | August 29, 2014 07:07 AM Comments (7)
The new Narendra Modi government in New Delhi prolonged the suspense this week over what tack it will take on the controversial domestic gas pricing issue.
It had been expected to signal which way it is inclined ahead of a September 30 deadline to announce its final decision on gas prices.
By Jordan Godwin | August 8, 2014 12:01 AM Comments (2)
The increasingly stagnant US ethanol market is getting downright weird. Remember the first four months of 2014 when wild volatility was rampant and almost expected in the market?
With the benchmark Platts Chicago Argo ethanol assessment, we hit a 2014 low of $1.78/gal one quiet January day. Throw some ice and railroad logistics issues into the mix, and that price more than doubled in a matter of two months, hitting an eight-year high of $3.76/gal on March 31.
That seems like such a long time ago now.