Why the crude rally has fizzled, continued: Market analysis series
In part two of a series on why oil prices have failed to rally despite OPEC's best efforts at managing supply cuts, we ask: Why is the market so bullish?
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(Fri, 21 Apr 2017) Working natural gas in storage as of March 31, the traditional end of the heating season, totaled 2,051 billion cubic feet (Bcf), or almost 15% above the five-year average according to EIA's <em>Weekly Natural Gas Storage Report</em>. The total inventory of U.S. natural gas in storage tends to follow seasonal patterns of injections through the summer and withdrawals during the winter.
French presidential elections: Crunch time for the country’s energy mix
France is facing its most uncertain presidential elections in decades. The outcome is critical not just on a geopolitical level, but also in terms national energy policy.
Chinese billet plummets on short-position offers in SE Asia
Sentiment for Chinese billet in export markets in SE Asia has not improved despite a slight rebound in China’s domestic billet market.
Asian HRC tumbles to near 25-week low on order drought
The dearth of overseas orders pushed Chinese sellers to further trim selling prices of hot rolled coil April 19, market participants said.
Analysis: Carajas iron ore trade amplifies 65% Fe gap with IODEX
Demand for Carajas iron ore fines at a time of weaker overall iron ore import appetite continues to increase the spread between the Platts 65% Fe index and the benchmark 62% Fe IODEX reference in China.
Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2017
(Thu, 20 Apr 2017) This paper presents average values of levelized costs for generating technologies entering service in 2019, 2022, and 2040 as represented in the National Energy Modeling System (NEMS) for the Annual Energy Outlook 2017 (AEO2017) Reference case.
Natural gas generators make up the largest share of overall U.S. generation capacity
(Thu, 20 Apr 2017) In 2016, natural gas-fired generators accounted for 42% of the operating electricity generating capacity in the United States. Natural gas provided 34% of total electricity generation in 2016, surpassing coal to become the leading generation source.
Angolan budgetary pressures rise on low oil prices
Angola faces a dilemma. If OPEC and non-OPEC producer cuts fail to deliver on price, the country faces not just a low-price environment but a curb on output.
The API gravity of crude oil produced in the U.S. varies widely across states
(Wed, 19 Apr 2017) API gravity is one of the key characteristics of crude oil that, along with other characteristics such as sulfur content, is used by refiners when evaluating different crude streams for processing into petroleum products. In 2016, the majority (51%) of the 8.4 million barrels per day (b/d) of crude oil produced in the Lower 48 states was light oil, or less dense oil with an API gravity of 40.1 or above.