FROM THE OIL PATCH
As pipeline projects cancel, future falls into question
For years, a small clique of investors has questioned the logic of putting money into oil and gas pipelines that take decades to pay off when climate change policy was pushing the energy sector away from fossil fuels. Banks and other institutions, however, largely continued to finance the multibillion-dollar projects,confident
Lower Oil Production Hits Pipeline Operators Hard
Just two years ago, U.S. pipeline operators were rushing to build pipelines in Texas to move surging Permian oil and
Oil prices rise on signs an industrial recovery is underway
Oil rose after economic data from China to the U.S. sparked optimism that an industrial recovery is underway, offsetting a
Investment giants urge Texas to end most natural gas flaring
Investors managing more than $2 trillion are calling on Texas regulators to ban the routine burning of natural gas from shale fields, arguing that the energy industry hasn’t moved quickly enough to curb the controversial practice. AllianceBernstein, California State Teachers’ Retirement System and Legal & General Investment Management said they
The Trillion-Dollar Reason Why Joe Biden Won’t Ban Fracking
Electoral and energy realities caught up with Joe Biden last week. On Monday, in a speech in Pittsburgh, the Democratic presidential nominee said “I am not banning fracking. Let me say that again: I am not banning fracking.” Biden’s declaration has gained lots of attention from the Trump campaign and various media outlets. But his
Saudi crude price cuts for October signal wavering oil demand
(Bloomberg) –Saudi Arabia cut pricing for oil sales to Asia and the U.S. for October shipments, a sign that the world’s biggest exporter may see fuel demand wavering amid flare-ups in the coronavirus. State oil producer Saudi Aramco is cutting its benchmark Arab Light crude more than expected and lowering
CRUDE OIL WEEKLY UPDATE (Week Ending 09-18-20)
Crude Oil Summary (EIA): U.S. crude oil refinery inputs averaged 13.5 million barrels per day during the week ending September 11, 2020 which was 0.7
NATURAL GAS WEEKLY UPDATE (Week Ending 09-18-20)
In the News (EIA): Natural gas infrastructure in the Netherlands is changing in response to declining natural gas production: Dutch natural gas utilities and major
Zekelman Industries Steel Snapshot For Sep 2020
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Sept HR Coil is $541, up $97 from Aug. Mills have customers on allocation for
Preston Pipe Report – The Line Pipe Market – September 2020
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor <= 16” Diameter – In the small diameter line pipe market, our industry contacts tell us
Pipe Logix Line Pipe Report – August 2020
(by Kurt Minnich, www.pipe-logix.com) Line pipe prices were 0.7% lower in August with domestic prices down 0.6% and import prices down 0.7%. This is the
AISI – Press Release On Latest U.S. Imports Of Steel Products – September 9, 2020
(American Iron and Steel Institute, www.steel.org – September 9, 2020) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the
OCTG & LINE PIPE FORECASTING SUMMIT
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NAPCA56th Annual Convention
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Steel Pipe Basic Education Course & OCTG Specialty Education Course
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