Brexit lights slow fuse under EU energy goals
It's business as usual from the EU side on energy issues. Fears that the UK might miss out on EU funding for energy projects are so far unfounded.
Increased drilling may slow pace of crude oil production declines
(Tue, 26 Jul 2016) Higher and more stable crude oil prices are contributing to increased drilling in the United States, which may slow the pace of production declines. Benchmark West Texas Intermediate (WTI) crude oil prices averaged $46.59 per barrel (b) over the past three weeks, a 40% increase over the average price in the first quarter of 2016. The rig count for active onshore rotary rigs in the Lower 48 states, as measured by Baker Hughes, stood at 352 rigs on July 22, 45 rigs above the number at the end of June.
Preserving Pemex reforms in the post-Peña Nieto era of Mexico: Fuel for Thought
Enrique Peña Nieto is scrambling to save the legacy of his much-lauded reform of Mexico’s oil industry as the doors of Mexico’s political cycle close on the president.
Hourly information on U.S. electricity supply, demand, and flows is now available
(Mon, 25 Jul 2016) The U.S. Energy Information Administration now provides hourly electricity operating data, including actual and forecast demand, net generation, and the power flowing between electric systems. EIA's U.S. Electric System Operating Data tool provides nearly real-time demand data, plus analysis and visualizations of hourly, daily, and weekly electricity supply and demand on a national and regional level for all of the 66 electric system balancing authorities that make up the U.S. electric grid.
What Drives Product Prices
(Mon, 25 Jul 2016) This new section discusses the various factors that influence the prices of gasoline and distillate fuel oil—the two most-consumed petroleum products in the United States. Charts detailing prices, consumption, production, inventories, and trade for both petroleum products will be updated each month in the <em>Short-Term Energy Outlook</em>.
2016: A long and bumpy road for Brazil’s steelmaker CSN
Bruno Martins on how Brazilian steelmaker CSN has been counting the cost since the incident at its No. 3 blast furnace in late April.
Electric grid operators forecast load shapes to plan electricity supply
(Fri, 22 Jul 2016) In the electric power sector, load shapes refer to the varying amounts of electricity required over time. Daily load shapes vary by region, climate, and time (daily, monthly, seasonally). Each day, balancing authorities?the entities charged with balancing electric supply and demand?forecast hourly electricity demand on their system for the next day.
India's auto industry drives steel, aluminum, and polymer demand
How has the rise of India as an automotive manufacturing hub affected demand for various commodities?
More US ethanol exports could head to Korea in shuffling of supply, demand
The US is poised to send more ethanol to Korea, which has traditionally imported Grade B product mostly from Brazil.
A failed coup in Turkey could lead to drastic plastics concerns
The coup attempt has raised concerns about the unstable state of politics as well as the Turkish economy in the near future, especially regarding the volatility of its currency.