Revised Segregation 20 spec at LOOP to include Midland, Bakken crudes
The Louisiana Offshore Oil Port is marketing a revised specification for oil stored in one of its eight underground caverns. John-Laurent Tronche has the latest.
Mexicoâs shale-rich Burgos Basin opens to private investment for the first time
(Tue, 22 Aug 2017) In July 2017, Mexicoâs national energy ministry (SENER) opened the onshore portion of the Burgos Basin, a shale-rich basin in northeastern Mexico, for natural gas exploration and development by private companies. This is the first time non-state entities were offered access to the Burgos Basin for development since the creation of the national oil company Petróleos Mexicanos (PEMEX) in 1938.
Natural gas-fired electricity conversion efficiency grows as coal remains stable
(Mon, 21 Aug 2017) From 2006 to 2015, annual average heat rates of natural gas-fired electricity generators decreased 7% as heat rates of coal-fired electricity generators remained stable, increasing only 1%. Heat rates are calculated based on the amount of energy (measured in British thermal units) reported to EIA that was used to generate a unit of electricity.
The Danish and Turkish Straits are critical to Europeâs crude oil and petroleum trade
(Fri, 18 Aug 2017) The Danish Straits and Turkish Straits, together transited by a combined volume of more than 5 million barrels per day (b/d) in 2016, are important chokepoints for Europeâs crude oil and petroleum liquids supply. Nearly 59 million b/d of global petroleum and other liquids production moved on maritime routes in 2015.
Cheaper or greener: Colombia eyes US ethanol with trepidation
While American drivers may see the benefits of supplies from the most efficient ethanol producer on earth, meaning that the fuel in their car may be cheaper, for producers and farmers, lower prices are not always better.
U.S. gasoline production is running near record levels
(Thu, 17 Aug 2017) Gasoline production by U.S. refiners and blenders has run near record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and close to the top of its five-year range. U.S. gasoline inventories also remain relatively high despite growing domestic and foreign demand.
Richard Trumka: Why I Quit Trump’s Business Council
He has no intention of following through on his promises to workers. And his words and actions may leave the country worse off.
China’s supply-side reform roiling metals markets
Some commentators and participants still question the extent of China’s supply-side reforms, but the effects — or the perception of the effects — are undoubtedly reverberating throughout the global steel and metals market right now.
Neo-colonialist attitudes spark African ire: Energy Economist
French President Emmanuel Macron may only have been in power for a couple of months, but his first statements on Africa have reawakened African fears of neo-colonialism.
Natural gas pipeline projects lead to smaller price discounts in Appalachian region
(Wed, 16 Aug 2017) As new pipeline projects and expansions are completed, the difference between the Henry Hub national benchmark price and daily spot natural gas prices at pricing hubs in the Appalachian region has narrowed.