Tag: US
Trump energy policies yet to aid energy firms
Trump energy policies criticized by natural gas, utilities The proposed Trump administration energy policies, which include subsidies for coal and nuclear plants, were supposed to boost the American energy industry, but some sectors have been critical of the plan. “Subsidies don’t make you competitive – and don’t make you great again,” Robert Flexon, president and […]
US exports of crude, gasoline, distillates, LPG booming
US exports of crude over 2 million b/d recently As US exports of crude topped 2 million barrels per day (b/d) in recent weeks, gasoline, distillate and LPG exports have also increased. Enterprise’s Morgan’s Point terminal located on the Gulf Coast came online last year along with Sunoco’s Marcus Hook terminal on the East Coast. […]
Column: US gasoline and diesel markets look tight
US gasoline and diesel stocks fall despite record refinery runs By John Kemp LONDON, Nov 9 – US stocks of gasoline and diesel continue to fall, despite record refinery runs, in a sign of strong demand at home and in export markets. U.S. refineries processed a seasonal record 16.3 million barrels per day (b/d) of […]
Sinopec considering projects boosting US crude exports
Sinopec mulling stake in Permian to US Gulf Coast pipeline China’s state-owned oil company, Sinopec, is considering investing in two projects in the United States which could boost oil exports and expand Caribbean storage facilities, according to Reuters. Sinopec, along with US commodities trader Freepoint Commodities LLC and ArcLight Capital Partners LLC are looking at […]
US waters down North Korea sanctions, omits oil embargo
North Korea sanctions punishment for sixth nuclear test UN Security Council sanctions designed to penalize North Korea for its sixth and most powerful nuclear test has been watered down by the US. A proposed oil embargo and the freezing of Kim Jong Un’s assets were omitted from the United Nations plan. The UK and France […]
Hedge funds anticipate hurricane disruption to U.S. refineries: Kemp
Backwardation in gasoline narrowing as tankers head from Europe to bring relief fuel By John Kemp Hedge funds turned bearish towards U.S. crude while boosting bullish positions in gasoline and heating oil in the final week of Aug., anticipating major disruption to U.S. refineries as a result of Hurricane Harvey. Hedge fund operators responded in […]
US gasoline production running at near record levels
After record-setting year in 2016, motor gasoline demand remained relatively high in 2017 Gasoline production by US 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. US gasoline inventories also […]
Canadian hydro-electric exports to US growing because of state renewable energy targets
Exports of Canadian hydro power growing, but revenue shrinking because of lower prices Since 2012, eastern Canada has been the source of about 70 per cent of Canada’s electricity export volumes, according to a National Energy Board press release. The remaining 30 per cent originate from western Canada. Most eastern Canadian exports are from Quebec and […]
Column: US shale breakeven price revealed around $50
US shale producers have reduced losses by cost cutting, improved efficiency By John Kemp LONDON, Aug 9 – US shale producers need a WTI oil price around $50 per barrel to break even, according to an analysis of financial statements for the second quarter. Fifteen of the largest shale oil and gas producers reported total […]
Brighter global economic outlook after Trump, EU “far right” election fears ease – Conference Board
Low oil prices one reason why world economic growth expected to be 2.9% in 2017 Following a tepid increase of 2.5 per cent in 2016, growth in the world economy will pick up this year, with real GDP forecast to rise by 2.9 per cent, according to The Conference Board of Canada’s World Outlook: Summer 2017. […]
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