FROM THE OIL PATCH
Addressing Challenges in Carbon Capture, Storage Deployment
While the use of renewables, improved energy efficiency and electric vehicles are areas of focus, oil and natural gas will continue to be in demand for petrochemicals
Gas Glut? Not for Long.
Natural gas prices are falling all over the world. There is abundant supply, and demand has been lukewarm this northern hemisphere winter, which was relatively
EVs could overtake petrol cars in Norway by end-2024
The number of battery electric vehicles (BEVs) on Norway’s roads is on track to overtake petrol cars by the end of this year or in early 2025, in a first for any country, according to Reuters’ and analysts’ calculations. The shift has been driven by generous incentives, afforded in part
Brent settles above $90 for first time since October on geopolitical tension
April 4 (Reuters) – Oil prices extended gains on Thursday, settling up more than $1 as geopolitical tensions and output cuts outweighed caution about U.S. Federal Reserve rate cuts. Brent futures for June rose above $91 a barrel before settling up $1.30, or 1.5%, to $90.65. U.S. West Texas Intermediate
Europe Still Addicted To Russian LNG
The European Union has replaced addiction to one form of Russian gas with another. Instead of receiving pipeline gas from Russia from the east, Europe is now using Russian LNG imported in its ports in the west. The EU, which hasn’t sanctioned or banned Russian natural gas, has seen its
Enterprise Products Partner’s Texas Gulf Coast Oil-Export Facility License Upheld by U.S. Court
A U.S. appeals court on Thursday upheld federal approval of a deepwater oil-export facility planned off the Texas Gulf Coast, saying the proposed Enterprise Products Partners facility had met environmental review criteria. Environmental groups, including the Sierra Club, had called for a review arguing that the project’s environmental assessment failed
CRUDE OIL WEEKLY UPDATE (Week Ending 04-12-24)
Crude Oil Summary (EIA): U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending April 5, 2024, which was 115
NATURAL GAS WEEKLY UPDATE (Week Ending 04-12-24)
In the News (EIA): Market Highlights: Prices Henry Hub spot price: The Henry Hub spot price rose 2 cents from $1.86 per million British thermal
Zekelman Industries Steel Snapshot for April 2024
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU April HR Coil $835 up $20 from March. Nucor announces new spot Hot Rolled Coil
Preston Pipe Report – March 2024
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – Last month, we reported on the four projects that are directly impacted by the Biden
Argus Pipe Logix Line Pipe Report – March 2024
(by Rye Druzin, www.pipe-logix.com) Us line pipe prices fell by 2.4% in March, marking increased declines compared to the prior month. Domestic prices fell by
AISI Press Release on Latest U.S. Imports of Steel Products – April 2024
American Iron and Steel Institute, www.steel.org – (04-05-24) Finished Import Market Share Estimated at 23 Percent in March – Based on the Commerce Department’s most