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Industry Views
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E.ON and RasGas Have Signed a Three-Year Deal to Deliver up to 2b Cubic Meters of LNG
Jun 3, 2014German utility group E.ON and Qatari producer RasGas have signed a three-year flexible deal to deliver up to 2 billion cubic meters of LNG over the term of the deal from Qatar to the UK's Isle of Grain LNG import terminal, where E.ON has ...
Tags: RasGas, LNG contracts
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Australia Is Due for a Second Wave of LNG Project Development
Jun 3, 2014Australia is due for a second wave of LNG project development, despite spiraling costs that have hindered further progress in recent years, Santos Vice President of LNG Markets and Eastern Australia Commercial Peter Cleary said. Speaking ...
Tags: LNG Development, LNG Markets
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US Residual Fuel Oil Implied Demand Was Slightly Higher in March Than in February
Jun 3, 2014US residual fuel oil implied demand was slightly higher in March than in February, but just half what it was in March 2013, according to US Energy Information Administration data published Thursday. March fuel oil demand in the US was ...
Tags: Fuel Oil, fuel oil demand
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A Government Report Shows Tight Gasoline Supply in The Midwest
Jun 3, 2014Chicago CBOB gasoline for delivery through June 4 jumped 9 cents/gal Thursday to NYMEX July RBOB futures plus 3 cents/gal on the back of refiner buying and a government report showing tight gasoline supply in the Midwest, sources said. ...
Tags: gasoline, Chicago market
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Crude Akpo Has Seen Its Values Fall Sharply Amid Weaker Demand
Jun 3, 2014Nigerian light sweet crude Akpo has seen its values fall sharply amid weaker demand because of a drop in refining margins, trading sources said Thursday. About a month ago at the start of the trading cycle of the Nigerian June loading ...
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Weekly US Coal Carloads Jumped 4.6% on a Year-Over-Year Basis in The Week Ended May 24
Jun 3, 2014Weekly coal carloads originated by US railroads jumped 4.6% on a year-over-year basis in the week ended May 24, as both BNSF Railway and CSX showed strong gains in weekly coal deliveries, according to data from the Association of American ...
Tags: coal carloads, railroads
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Axiall Will Increase Its US Liquid Caustic Soda Prices by $60/Dry St Effective July 1
May 30, 2014US petrochemical producer Axiall will increase its US liquid caustic soda prices by $60/dry st effective July 1, it said in a notice to customers Wednesday. In addition, the company is raising its caustic soda prices in Canada by ...
Tags: caustic soda, liquid caustic soda
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Gross Steel Production at Spanish Plants Was Likely 1.2 Million Mt in April
May 30, 2014Gross steel production at Spanish plants was likely 1.2 million mt in April, a decrease of 9.3% year on year weighed down by the Easter holiday effect, Union de Empresas Siderurgicas, or UNESID, said in a note late Tuesday. The figure is ...
Tags: Steel Production, metal structures
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Northern California Ethanol Prices for Prompt Delivery Soared to a Five-Week High
May 30, 2014Northern California ethanol prices for prompt delivery soared to a five-week high Wednesday as two aggressive buyers entered the market short on product, sources said. Platts' Northern California rail car ethanol for prompt delivery was ...
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China Will Close Down 15m Mt/Year Outdated Iron-Making Capacity Before The End of 2015
May 30, 2014China will close down 15 million mt/year outdated steel production capacity and 15 million mt/year outdated iron-making capacity before the end of 2015 in addition to capacities already specified for closure during the 12th Five Year Plan ...
Tags: Outdated Steel, steel production
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Crude Production in Libya Is Facing Further Setbacks This Week
May 30, 2014Crude production in Libya is facing further setbacks this week, as loadings out of the 110,000 b/d Marsa al-Hariga crude terminal in Eastern Libya have stuttered to a halt. Traders and shipping sources said that no there have been no ...
Tags: Crude production, oil flowing
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The UK Gas Market Was Short of Supply as The Country Stepped up Exports to The Continent
May 30, 2014The UK gas market was short of supply during the morning Wednesday with demand above seasonal norms as the country stepped up exports to the Continent. At 11:00 am London time, the UK NBP within-day contract was valued at 44.20 ...
Tags: gas market, pipeline
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The Angola LNG Plant Is Expected to Resume Production in Mid-2015
May 30, 2014The Angola LNG plant is expected to resume production in mid-2015 after a rupture on a pipeline forced it to shut down, a spokesman for Angola LNG said Wednesday. "Following investigation into the incident that took place at the plant in ...
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There Is a Growing Shortfall of LNG Globally
May 30, 2014Sellers at the 8th Asia LNG summit in Beijing Wednesday said there is a growing shortfall of LNG globally, as buyers wait on the sidelines, preferring to sign LNG term contracts linked to other indexation points rather than traditional ...
Tags: Potential LNG, gas
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US Net Natural Gas Imports Fell 14% Last Year to 1,311 Bcf, The Lowest Level Since 1989
May 30, 2014US net natural gas imports fell 14% last year to 1,311 Bcf, the lowest level since 1989, as US production likely set a new record, the Energy Information Administration said Wednesday. The agency said total imports in 2013 fell 8% to ...
Tags: natural gas, Pipeline
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