The recapture of power generation demand from coal and expectations for an early start to the US heating season could prompt a pre-winter rally for natural gas prices by October, BNP Paribas said Friday. Much of the year-to-date increase ...
Tags: Gas, Metallurgy, Mineral, Energy
Joe Pryweller of FreedoniaThe Freedonia Group, Cleveland, OH, a leading industry market research firm, has announced that Joseph Pryweller has joined the firm as a senior industry analyst in the packaging group. He will direct multi-client ...
Laminate flooring is a segment growing in usage and profitability in some areas, but losing ground in others. This is among the findings gathered through the 2013 Floor Trends Laminate Market Study, conducted by parent company's BNP Media's ...
Tags: Laminate, Construction
The response of Asian and global markets to US liquefied natural gas exports will be much stronger and will happen much sooner than many anticipate, putting strong downward pressure on Asian prices, Rice University fellow Kenneth Medlock ...
Tags: LNG Exports, Chemicals
Gasoline cracks have plunged in the wake of recent data from the US Energy Information Administration showing unseasonably high gasoline inventories across the country, particularly in the East Coast. The NYMEX August RBOB crack spread ...
Tags: Chemicals
Crude oil futures settled slightly higher Tuesday as a pipeline shutdown in Alberta, Canada, and escalating tensions in the Middle East lent the complex a bullish note, amid rising equities markets. NYMEX August crude settled 14 cents ...
Tags: Crude Futures, Crude oil
Porsche’s former chief financial officer has been convicted of credit fraud by a German court in a criminal case relating to a failed 2009 bid by the sports car maker to buy Volkswagen. Bloomberg reports Holger Haerter was convicted ...
Tags: Porsche, Fraud, Volkswagen Bid
Gasoline stocks in the Amsterdam-Rotterdam-Antwerp region fell 15.9% week on week in the seven days to May 16, according to a report by BNP Paribas released Friday. Stocks fell by 1.5 million barrels to 7.8 million barrels, and were 3.2% ...
Tags: Chemicals, Metallurgy, Mineral, Energy
The NYMEX May natural gas futures contract continued to rise Thursday after the US Energy Information Administration's storage report showed an above-average draw, yet the data came in below analysts' expectations. As of 12:28 p.m. EDT ...
Tags: NYMEX, Gas, Storage Data
The ICE Brent front-to-second month spread fell into contango during afternoon US trade Friday, the first contango between the two contracts since July 2, 2012. ICE May Brent was down $2.50 at $103.84/b after hitting a fresh eight-month ...
Distillate futures closed US trading sharply higher Wednesday, holding onto boosts seen in the wake of an unexpectedly bullish inventory report released in the morning by the Energy Information Administration. NYMEX April heating oil ...
Tags: NYMEX, Oil Futures, Distillate Markets
Coal-to-gas switching in the US could decline as much as 2.6 Bcf/d year-on-year in 2013 because of higher natural gas prices, increased renewables generation and forecast lighter cooling demand this summer, a report BNP Paribas issued late ...
Tags: Coal, gas, natural gas prices
It was reported on Tuesday that Google is planning to consolidate its United Kingdom offices in a brand new development near London’s King’s Cross Station. The new development is worth a reported pound 1 billion. The ...
Tags: Google, London HQ, King's Cross Station
The Australian dollar fell during Asian trade yesterday after the minutes of the US Federal Reserve's December meeting showed some policymakers were pushing for its bond buying program to end as soon as this year. The Fed minutes showed a ...
Tags: Australian dollar, Asian trade, Federal Reserve, Fed minutes
Yonhap reported that major global investment banks predicted Wednesday that China's economy will grow more than 8% in 2013, picking up from the slower growth pace this year. Goldman Sachs expected a modest recovery in the Chinese gross ...
Tags: global investment banks, China's economy, gross domestic product, China