It could be argued that the history of oil is the history of the modern world. And Platts, a leading provider of analysis, news and prices for the industry, has played a significant role in this amazing story.
Posts Tagged ‘prices’
Lost in translation? Why the US feedstock advantage might not mean lower prices for buyers of polyethylene
By Bernardo Fallas | September 27, 2013 03:48 PM Comments (0)
Talk to a plastics processor or buyer in South America, and watch their eyes light up when the subject turns to the shale gas boom and resulting petrochemical renaissance to their north.
For the better part of three years, they have heard constantly about how North America, and the United States in particular, will benefit greatly from lower feedstock costs thanks to shale, aggressively expand its production capacities for key chemicals and plastics, and further grow its presence in South America through a sharp increase in exports to the region.
By Jeffrey Bair | September 26, 2013 12:01 AM Comments (4)
OK, raise your hand if you have done one of these things, ever:
By Samantha Santa Maria | September 4, 2013 12:01 AM Comments (0)
Granted the market is only now just in the throes of hurricane season, but given the volatility already present in natural gas financial basis markets, I offer up a few thoughts on winter.
By Stuart Elliott | August 9, 2013 09:22 AM Comments (0)
With oil production in North America on a seemingly unstoppable upward trend, it is not uncommon these days to hear how the world might be able to relax a little in the knowledge that its oil demand is more or less guaranteed to be met in the short to medium term.
But there is no room for complacency, with the International Energy Agency warning on Friday that supply continues to be disrupted across the world, both within OPEC member countries and elsewhere.
By Bridget Hunsucker | March 29, 2013 06:16 PM Comments (0)
Two trains carrying crude oil derailed in the US this month, making headlines that garnered more attention to a recent debate over the in-vogue shipping method’s environmental impact.
The popularity of crude by rail shipments has opponents of major proposed crude pipeline projects (like Transcanada’s Keystone XL) asking the question: is rail transport safe?
By Samantha Santa Maria | February 26, 2013 12:38 PM Comments (0)
If you have any dabblings in the natural gas or natural gas liquids business: be very, very afraid.
Because it is growing and it is *everywhere*.
By Elizabeth Bassett | January 25, 2013 04:25 PM Comments (0)
Congratulations to everyone who lives in the Northeast. You’ve survived a ridiculously cold week, and the good news is temperatures could be around 10 degrees above average on Tuesday.
Congrats also to everyone involved in energy markets in the Northeast this week, because it was exhausting. We started this roller coaster ride a while ago, and just recently we had mild weather that lulled everyone into a sense of security, including me (remember the spot price for Transcontinental Gas Pipe Line zone 6-New York was down at $3.91/MMBtu on January 14?). And then the long holiday weekend and colder weather sent cash at Transco zone 6-New York upward, peaking out at $36.48 yesterday, the highest price since January 2, 2008, according to Platts data. It totally blew up my theory that New England gas would continue being the most volatile in the Northeast this winter. It also meant this morning was total chaos.
By Matt Kohlman | August 14, 2012 03:38 AM Comments (0)
They like sequels in California.
Maybe that explains why, for a second time this year, a fire has taken out a key crude distillation unit at a large US West Coast refinery, the West Coast’s third-biggest. And why, for a second time this year, spot gasoline price swings reached into record territory, and Golden State pump prices threaten $4/gal.
By Samantha Santa Maria | August 9, 2012 11:24 AM Comments (0)
As Tropical Storm Ernesto veers away from Gulf of Mexico production and the market shrugs off this force of nature, one has to wonder: Will hurricanes ever affect the gas markets again?
The last time gas markets–both spot and futures–reacted sharply to such storms was the year of Katrina and Rita, when hurricanes effectively took out the benchmark Henry Hub and its surrounding infrastructure.
That same year, GOM production went from a seven-year high of 10.63 Bcf/d (16.4% of total US production) to 4.35 Bcf/d once the storms struck, according to Energy Information Administration data.