June 30, 2009
Having forecast late last year that OPEC capacity would grow by 3.2 million b/d by 2014, the International Energy Agency now sees OPEC capacity growth at just 1.7 million b/d between 2008 and 2014.
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June 25, 2009
Nigeria is struggling to fulfill its OPEC output quota and has shut down two refineries as militans step up attacks on oil installations in the southern Niger Delta, home to Africa's biggest oil industry.
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June 19, 2009
This year fairly cold weather in January produced firm demand for North Sea tonnes of propane, as during the winter months propane is primarily used as a heating fuel in Northwest Europe.
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May 13, 2009
The Canadian oil sands sector is searching for renewal based on consolidation, lower costs and a firmer crude price. But US environmental legislation threatens the industry's sole external market.
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April 15, 2009
If the events of 2008 can teach the soothsayers of the oil industry anything, it must surely be that theirs is a near-impossible task, as oil prices rose further than anyone would have thought possible, then promptly fell even further and even faster.
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February 27, 2009
If you were marooned on an island off China since the start of 2009, and by some stroke of fate, reading only news about Chinese conquests in the global commodity markets, you could be forgiven for thinking the world was still in the throes of an economic boom.
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January 12, 2009
Diesel shared the steep climbs then precipitous falls of the rest of the oil complex in 2008, but the landmark transition for the driving fuel was its supplanting of gasoline as the defining component in the oil barrel.
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June 22, 2009
Financing conditions remain "tricky" for independent power projects, sources told Platts in June, with the differing expectations of generation equipment suppliers and power offtakers adding to the complexity of project development.
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May 28, 2009
Despite the speed with which the government wants to act - the American Recovery and Reinvestment Act -- includes a goal of spending 50% of the $787 billion allocated by the legislation within 120 days from when it is signed into law -- many hurdles and unanswered questions remain, even though more than three-quarters of the 120 days have already passed since the bill was signed on February 17, 2009.
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May 15, 2009
Several Chinese generators have announced their production figures for the first quarter of 2009. Most producers have reported sharp falls for the quarter compared with the same period of 2008.
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April 27, 2009
Electricity consumption has collapsed almost without exception across Central and Eastern Europe in response to the economic crisis, according to data compiled by Platts Energy in East Europe.
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April 2, 2009
Emissions of CO2 in the EU in 2008 will be slightly above the 2.083 billion metric ton cap set by the European Commission in 2007, leaving electricity utilities and the EU's heavy industry sector with an overall short position in the books of EUAs at the end of 2008.
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February 18, 2009
The European Commission hopes that injecting ý3.5 billion into critical energy infrastructure projects like grid upgrades, gas pipelines, offshore wind and carbon capture and storage will help to drag the EU economy out of recession.
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February 5, 2009
The omens for wind power are very good, and there is cause to believe that the EU's 2020 targets in this area will be exceeded. But as capacity grows, it may be wind's impact on electricity prices that presents the most immediate problem.
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January 21, 2009
Predicting future supply and demand for electricity is no mean feat. The US Energy Information Administration (EIA) in its preliminary Annual Energy Outlook (AEO) 2009, published in December 2008, provides a benchmark projection for the business-as-usual case.
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January 15, 2009
US House of Representatives leadership have unveiled their proposed $825 billion economic stimulus legislation, which includes $32 billion to transform the nation's electricity grid and boost renewable energy resources.
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May 21, 2009
National Grid has explained its plans for converting a pipeline into a carbon dioxide line to the industry. While repurposing depreciated assets needs no justification, there are plenty of questions still to be answered.
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April 2, 2009
Emissions of CO2 in the EU in 2008 will be slightly above the 2.083 billion metric ton cap set by the European Commission in 2007, leaving electricity utilities and the EU's heavy industry sector with an overall short position in the books of EUAs at the end of 2008.
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February 24, 2009
In February 2008, as frigid weather gripped most of North America, demand for natural gas soared and prices bounced between $8 and $9/MMBtu -- by no means a record, but historically high nonetheless.
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March 9, 2009
The coal seam gas (CSG) industry in Australia's northeast has undergone a startling transformation over the past decade, evolving into a hot spot for international merger and acquisition (M&A) activity as major players jostle for massive untapped resources to underpin LNG projects.
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January 30, 2009
It is becoming increasingly likely that the global economic crisis will result in substantially lower demand for gas in Asia over the next few years than was previously expected.
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January 23, 2009
When Russia reopened the taps on January 20 and gas flowed into Slovakia once more, the relief was palpable. But it was not long before mutterings in Kiev began to denounce the deal.
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June 4, 2009
Alpha Natural Resources' planned purchase of Foundation Coal Holdings is another instance of coal companies seeking to cut costs, improve price positions and strengthen creditworthiness through combinations, coal veterans attending the Southern States Energy Board presentations in May told Platts.
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April 30, 2009
Spot metallurgical coal prices made further three-month declines of about 17% for some benchmark grades after the huge correction in the first quarter to largely converge with 2009 benchmark fiscal year settlements heard done in March for PCI coal and later for hard coking coal supplied by top seaborne exporter BHP Billiton-Mitsubishi Alliance.
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March 9, 2009
The coal seam gas (CSG) industry in Australia's northeast has undergone a startling transformation over the past decade, evolving into a hot spot for international merger and acquisition (M&A) activity as major players jostle for massive untapped resources to underpin LNG projects.
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March 25, 2009
Uranium sellers appear resigned to watch the spot market price continue to drift downward for at least the next several weeks. "I don't see any reason that the slide won't continue. Right now I don't know what it will take for the price to go up," said one uranium seller.
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March 3, 2009
Styrene monomer production issues have caused an imbalance in Europe's styrenics supply chain, pushing benzene-styrene spreads to above $400/mt the week ended February 27 and leading to margin losses on polystyrene production.
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June 4, 2009
It's one year since the Platts daily iron ore assessment was launched, giving the global mining and steelmaking communities a physical benchmark by which to discuss, negotiate, reference and settle physical iron ore deals.
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March 23, 2009
As 18% -- or 6.5 million mt/year -- of global aluminum production is being curtailed amid a 60% decline in London Metal Exchange aluminum prices, analysts and corporate officials still say more output cuts are needed, particularly in the Western World.
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