Nigeria inks $80 billion in Chinese oil deals
Nigeria has signed memoranda of understanding with Chinese investors to pump over $80 billion in oil and gas exploration and production projects.
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Spot metallurgical coal edged higher in the Asia Pacific region July 1 on stronger finished steel prices and perceived scarcity of August cargoes.
Losses on LME limited after UK votes to leave EU
Base metals preformed far better on the London Metal Exchange than many had expected following the vote by the UK to leave the EU, with nickel and zinc the only significant losers of the day.
Liquidity flows faster for aluminum swaps
Aluminum swaps have come a long way since August 9th 2013, when the first lots on the CME’s MW US Transaction futures contract were reported to have traded.
Fossil fuels still dominate U.S. energy consumption despite recent market share decline
(Fri, 01 Jul 2016) Three fossil fuels—petroleum, natural gas, and coal—have provided more than 80% of total U.S. energy consumption for more than 100 years. In 2015, fossil fuels made up 81.5% of total U.S. energy consumption, the lowest fossil fuel share in the past century. In EIA's <em>Annual Energy Outlook 2016</em> Reference case projections, which reflect current laws and policies, that percentage declines to 76.6% by 2040.
Brexit: A new ‘manifest crisis’ for UK steel?
With large parts of the UK steel industry controlled by foreign interests, it should be obvious that “going it alone” is simply not an option.
Thermal coal futures so bright, you gotta wear shades
Spot market prices for Australian thermal coal delivered to power stations in southern China have shrugged off their aura of doom and gloom.
Expanded Panama Canal reduces travel time for shipments of U.S. LNG to Asian markets
(Thu, 30 Jun 2016) The newly expanded Panama Canal will be able to accommodate 90% of the world's current liquefied natural gas (LNG) tankers with LNG-carrying capacity up to 3.9 billion cubic feet (Bcf). Prior to the expansion, only 30 of the smallest LNG tankers (6% of the current global fleet) with capacities up to 0.7 Bcf could transit the Canal. The expansion has significant implications for LNG trade, reducing travel time and transportation costs for LNG shipments from the U.S.
Is a new Chinese steel giant on the horizon?
Peter Brennan, Sebastian Lewis and Christopher Davis on how the wait for the first significant merging of Chinese steelmakers could be at an end.
Key themes from the Q2 Platts Global Polyolefin Outlook
Our analysts discuss the demand/supply fundamentals of polypropylene, the likelihood of a bullish supply case for PP, and what the key demand centers for the polyolefin will be.