If you are a coal producer focused on the Chinese market, I am sure you will be scratching your head thinking about the future. Ever since China started imposing restrictions on imports, suppliers have gone on a wild hunt for buyers.
Posts Tagged ‘prices’
By Deepak Kannan | March 27, 2015 01:15 PM Comments (0)
By Ross McCracken | March 25, 2015 01:01 AM Comments (4)
The coal industry is in crisis. It has failed to recognize the structural shift in power generation driven by regulation rather than price and has missed the window of opportunity to invest in clean coal technologies. Now it faces a slow King Canute style demise, as elaborated by Ross McCracken, managing editor of Platts Energy Economist.
By Alex Froley | March 24, 2015 01:01 AM Comments (0)
It went largely unnoticed by the general media, but last week there was a significant announcement for the UK gas industry: the country’s main gas storage site may have its capacity cut by around a quarter, reducing the volumes that can be held in reserve next winter.
Just two years ago, during a cold winter, there were warnings that the country “was just six hours away from running out of gas.” So why would storage capacity be cut now, and does it matter? Read the rest of this entry »
By Desmond Wong | March 19, 2015 12:01 AM Comments (0)
This winter saw record volumes of LNG arriving on the shores of Europe, as cargoes sought value in an environment of weak LNG spot pricing. Cargoes flowed in from not only Qatar, but also from production sites like Trinidad and Tobago as portfolio players sought to optimize volumes into Europe while purchasing Asia Pacific delivery cargoes elsewhere to fulfill existing commitments.
By Geoff Craig | March 5, 2015 08:29 AM Comments (0)
Spring might be around the corner, but for residents of New York and Boston who just experienced one of the coldest Februarys on record, the change in seasons cannot come soon enough.
By Ross McCracken | February 27, 2015 12:01 AM Comments (1)
Global oil supply and demand forecasts for 2015 have changed significantly recently, but these changes have largely cancelled each other out: the outlook is still one of a market roughly in balance. However, this ignores the tectonic shifts taking place under the surface. US output growth is decelerating. If futures markets pre-empt this, as they did in February, they risk reversing it, which could produce another drop in prices, as Ross McCracken, managing editor of Platts Energy Economist, explains.
By Starr Spencer | February 26, 2015 12:03 PM Comments (0)
Someone had to do it, and it might as well have been one of the biggest names in US shale.
Having whittled its 2015 capital budget down to $5 billion, 40% lower than last year, US producer EOG Resources last week made the tough call of forfeiting production growth this year, saying it would drill but not complete wells in a low oil price environment.
By Robert Perkins | February 23, 2015 12:01 AM Comments (1)
With spending cutbacks already taking their toll on global upstream activity, oil companies are being forced to rethink their approach to Africa’s vulnerable high-risk, high-reward exploration frontiers.