Things have changed in the land of the red dust. In Australia, BHP Billiton and Rio Tinto have lifted their boots off the iron ore expansion pedals. In Brazil, Vale has plenty of gas left in the tank, but doesn’t want to boast about it. The game of ‘who drives the biggest SUV?’ suddenly seems in poor taste.
Posts tagged ‘production supply/demand’
 
|
 
|
February 15, 2016 06:59 UTC 
(0)
Para leer en español haga clic aquí: Crisis en el sector estadounidense de exploración y producción. ¿Llegará la estabilidad antes de lo previsto? How long does the world have to wait before all the surplus oil sloshing around gets mopped up and prices find an equilibrium point that represents balanced supply and demand? Would you believe it if someone said that might be just a quarter and a bit away? On the supply side, all bets are on shale to bail: there is no hope of output cuts from OPEC, let alone a coordinated action with other major producers such as Russia, amid a stubborn quest for market share. |
|
January 15, 2016 00:01 UTC
(0)
The North American International Auto Show in Detroit is as big of an event for car enthusiasts as an Apple product launch is for techies. A car and tech enthusiast I am not. But growing up in the Steel City and working on the Platts metals team has made me a bit of a metals enthusiast, and the Detroit auto show is a major event for metal enthusiasts, too. |
|
December 11, 2015 00:01 UTC
(0)
A decision by the Queensland government to mandate the use of ethanol in regular unleaded gasoline sold in the state may provide a small uptick in demand for the blendstock. But it will not put a dent in a forecast crash in Australia’s overall use of biofuels, mainly expected due to falling biodiesel imports. The parliament of Queensland, in Australia’s northeast, passed legislation on December 1 mandating that ethanol make up 3% of regular gasoline sales in the state from July 1, 2017, rising to 4% on July 1, 2018. The Liquid Fuel Supply (Ethanol and Other Biofuels Mandate) Amendment Act 2015 also requires biodiesel and renewable diesel to make up 0.5% of total diesel sales in Queensland from mid-2017. |
|
October 28, 2015 00:01 UTC
(0)
Aside from a brief blip, oil prices have remained stubbornly below $50/b in recent weeks despite fresh concern over global demand and rising geopolitical tensions. On the supply side, the market’s gaze has gravitated to that most closely watched of oil market variables — the response of US shale output to weaker oil prices. |