MassiveIndustry

The Eagle Ford shale oil patch has seen brighter days. New well permits are down, production is low (down from its 2015 peak of 1.7 million b/d, to around 980,000 b/d this year) and producers are pulling out of the region to focus their efforts elsewhere.

(Wed, 21 Sep 2016) A partial shutdown of the Colonial Pipeline system, a major source of transportation fuels to the Southeast, has disrupted gasoline supplies, leading to higher prices and product shortages in parts of the region.

Instead of the relatively ho-hum day-to-day ups and downs that pass for normal in the world of buying and selling commodities, those who deal in jet fuel in the Chicago area have had to familiarize themselves with terms enough to make market players pull their hair out.

S&P said in May: “We believe that a decision to go ahead on the Hinkley Point C nuclear newbuild would likely lead to a one-notch rating downgrade given the embedded high execution risks and significant investment needs.”