FROM THE OIL PATCH
(Bloomberg) –Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by U.S. standards and sophisticated enough to turn a wide range of crude oils into high-value fuels.
From chess match to streetfight: The world’s courtrooms are the battleground for the future of fossil fuels
In Alaska, Michigan and Norway, partisans on the left and right are sparring in the courts to implement their vision
Following the early disruption caused by the crude price crash, the US shale industry has gradually started to adapt to the new pricing environment. Since the third quarter of 2020, a series of M&As were executed in the industry. Consequently, the US shale drillers have developed a renewed optimism and
Oil price fundamentals begin showing longer-term strength By TIAGO RAMOS ALFARO AND ALEX LONGLEY on 11/24/2020 (Bloomberg) –The oil futures curve, an important gauge of trader bullishness, has strengthened to levels last seen in the early days of the pandemic as demand from Asian buyers surges and optimism grows for successful Covid-19 vaccines.
HOUSTON (Bloomberg) –OPEC’s oil ministers have a few challenges to consider at a crucial summit next week, but for the first time in years the shale boom won’t be at the top of the list. A devastating global pandemic and a reckoning with Wall Street appear to have broken the
Platts Nov HR Coil is $702, up $52 from Oct. Mills order book strong, very little spot availability. Stelco operational after malware attack. Big River
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor <= 16” Diameter – In 2020, prior to Covid, the small diameter line pipe segment was
(by Kurt Minnich, www.pipe-logix.com) Line pipe prices increased $11/ton or 0.8% in October as domestic prices gained 1.5% and import prices were unchanged. ERW prices
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel