From the Oil Patch
HEADLINES OF INTEREST
Kremlin accuses Trump of trying to bully Europe into buying U.S. LNG
The Kremlin on Thursday rejected U.S. President Donald Trump’s description of Germany as a “captive” of Russia due to its energy reliance, saying his statement was part of a U.S. campaign to bully Europe into buying American energy supplies. Trump told Germany at a NATO summit in Brussels on Wednesday…
OPEC Will Continue to Play Important Role in Oil Market to 2040
OPEC will continue to play an important role in the oil market to 2040, according to a new report by Wood Mackenzie. In the report, the global natural resources consultancy said it expects production growth to continue in the US Lower 48 over the medium-term, but added that once the…
Industry Group Reps Hope US, China Resolve Trade War
In the latest chapter of the trade dispute between the U.S. and Chinese governments, the Trump administration has ordered the Office of the U.S. Trade Representative (USTR) to initiate the rollout of a new, larger set of tariffs on Chinese imports, USTR stated Tuesday. “On Friday, in response to unfair…
German Business Group Enraged by Trump Attacks on Nord Stream Pipeline
German companies active in eastern European business on Thursday dismissed U.S. President Donald Trump's criticism of the Nord Stream 2 gas pipeline plan, a day after he called Berlin "a captive to Russia." The U.S. State Department overnight repeated a warning to Western firms involved in the deal for the…
From the Oil Patch
ANALYSIS & INSIGHTS
Pipe Logix Line Pipe Report – June 2018
(by Kurt Minnich, www.pipe-logix.com) Line pipe prices increased 1.9% in June with domestic prices up 1.4% and import prices up…
Preston Pipe Report – The Line Pipe Market – June 2018
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor: 16” and Under Outside Diameters – There has been a lot…
Zekelman Industries Steel Snapshot – Jul 2018
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts July HR Coil is $920, up $20 from June. US…
AISI – Press Release on Latest U.S. Imports of Steel Products – MAY 2018
(American Iron and Steel Institute, www.steel.org – May 24, 2018) Based on preliminary Census Bureau data, the American Iron and Steel Institute…
From the Oil Patch
INDUSTRY STATISTICS
From the Oil Patch
WEEKLY UPDATE
CRUDE OIL WEEKLY UPDATE (week ending 07-13-18)
Crude Oil Summary (EIA): U.S. crude oil refinery inputs averaged 17.7 million barrels per day during the week ending July…
NATURAL GAS WEEKLY UPDATE (week ending 07-13-18)
In the News (EIA): Two more pipelines transporting U.S. natural gas within Mexico are placed in service: In June,…
From the Oil Patch
ECONOMIC MONTHLY SUMMARIES
Leading Economic Indicators