Rising US rig counts slow as oil prices remain below $50/b
There are many contributing factors that are causing US oil prices to remain suppressed.
Retail price of regular gasoline forecast to average $2.38 per gallon this summer
(Mon, 17 Jul 2017) In the latest <em>Short-Term Energy Outlook</em> (STEO), EIA forecasts that the U.S. retail price for regular gasoline will average $2.38 per gallon (gal) this summer (April through September). If realized, it would be the second-lowest summer average gasoline price since 2005.
The western U.S. sub-hourly wholesale electricity market is expanding
(Fri, 14 Jul 2017) Seven electricity providers in the western portion of the United States and Canada have plans to join the California Independent System Operatorâs (CAISO) western energy imbalance market (EIM) over the next several years. The EIM allows for more frequent dispatch of electricity-generating resources in the region.
Could the Rockaways Survive Another Sandy?
Residents are bracing for the worst, wondering whether measures taken so far are enough to keep devastation of the Queens community at bay.
Help Fix Transit, Mr. de Blasio, and Be a Hero
The governor may control the M.T.A., but that doesn’t mean the mayor can’t be a big part of a solution.
New York state paves the way for big infrastructure
Six months into Donald Trump’s presidency and not a single infrastructure project has been approved as a result of any efforts by him and his administration. It is all talk, so far, even though it was a cornerstone of Trump’s campaign and also that of his Democratic rival Hillary Clinton.
Brent and WTI crude oil prices expected to average about $50 per barrel through 2018
(Thu, 13 Jul 2017) EIA now forecasts Brent crude oil spot prices to average $51 per barrel (b) in 2017 and $52/b in 2018. West Texas Intermediate (WTI) crude oil prices are expected to be $2/b lower than Brent prices in 2017 and 2018. Daily and monthly prices could vary significantly from this forecast because global economic developments and geopolitical events in the coming months have the potential to push oil prices higher or lower than the current forecast.
Political, economic woes loom large for Latin American polymer markets in H2
Lackluster demand in key markets has persisted, and renewed concerns in Brazil are leading to a pessimistic outlook for Latin American polymer markets.
U.S. petroleum refinery capacity continues to increase
(Wed, 12 Jul 2017) As of January 1, 2017, U.S. operable atmospheric crude distillation capacity reached 18.6 million barrels per calendar day (b/cd), 1.6% higher than at the beginning of 2016, according to EIA's annual Refinery Capacity Report. This increase in operable capacity was slightly lower than last yearâs increase of 2.0%
China’s $800 Billion Sovereign Wealth Fund Seeks More U.S. Access
The China Investment Corporation said that the United States was impeding direct investment, but American lawmakers have urged greater scrutiny of Chinese deals.