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22 сентября, 13:01

Steel industry looks to jump-start Trump trade engine

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Steelworkers from around the country descended on Washington this week to ask their legislators one thing: What’s happening with the Trump Administration’s Section 232 investigation? As a candidate, President Donald Trump talked tough on trade and told blue collar voters that he would bring back the steel jobs that left their towns. And, early on […] The post Steel industry looks to jump-start Trump trade engine appeared first on The Barrel Blog.

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22 сентября, 08:01

Crunch time for Nigeria’s refining ambitions

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The state of Nigeria’s oil refineries leaves a lot to be desired, for a nation so rich in crude oil reserves. But with two major projects from the private sector in the pipeline, the government is finally starting to address this thorny issue. Businessman Aliko Dangote, Africa’s richest man, has been first in line to […] The post Crunch time for Nigeria’s refining ambitions appeared first on The Barrel Blog.

21 сентября, 08:01

Uncertainty clouds Brazil’s new soybean crop

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As soon as rains appear in the sky, soybean planting season will kick off in Brazil. However, the start of the 2017-18 season in the world’s largest soybean exporter — and probably the entire season — is set to be bumpy and full of uncertainties. As of September 16, farmers were authorized to start sowing […] The post Uncertainty clouds Brazil’s new soybean crop appeared first on The Barrel Blog.

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20 сентября, 08:01

Harvey makes landfall in Texas, but drilling returns remain strong

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Despite devastating weather that sent energy market participants into a frenzy, the average of the 12-month forward curve for WTI remained flat month on month at $50.43/b. However, internal rates of return (IRR) increased across the board due in large part to higher natural gas liquids (NGLs) prices. More than three weeks ago, Hurricane Harvey […] The post Harvey makes landfall in Texas, but drilling returns remain strong appeared first on The Barrel Blog.

19 сентября, 08:01

September Basrah Light imports at LOOP rebound from August hiatus: In the LOOP

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The Louisiana Offshore Oil Port has received a flurry of Iraqi crude imports in the past few weeks, with more expected, which could be behind a recent 30% jump in open interest on the CME’s LOOP Sour futures contract. In the initial two weeks of September, LOOP has received 2.135 million barrels of Iraqi Basrah […] The post September Basrah Light imports at LOOP rebound from August hiatus: In the LOOP appeared first on The Barrel Blog.

18 сентября, 18:28

Solar shines on US heat wave, near-record peakload

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The California Independent System Operator was expected to break a more than decade-long peakload record September 1 as a heat wave sat over the region. However, the ISO never had to enter emergency stages and prices were half of what they were back in 2006 when the record was set, even as demand continued to […] The post Solar shines on US heat wave, near-record peakload appeared first on The Barrel Blog.

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18 сентября, 07:01

Venezuela’s oil output continues to fall as PDVSA fritters away money: Fuel for Thought

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Despite the billions of dollars that have flowed into Venezuela’s state-owned PDVSA in recent years, crude oil and refining output continues to languish. It is not lack of investment hindering growth but a more human flaw—corruption. The deleterious effects of corruption have been recognized by oil minister Eulogio Del Pino and he has promised to […] The post Venezuela’s oil output continues to fall as PDVSA fritters away money: Fuel for Thought appeared first on The Barrel Blog.

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15 сентября, 15:00

‘September US scrap collapses to sideways’: How can this be?

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In 1968 there was an American college football game between two Ivy League schools, Harvard and Yale. Harvard, an underdog entering the game, scored 16 points in the final 42 seconds to miraculously tie Yale 29-29. The following day, the Harvard Crimson student newspaper ran the now famous headline “Harvard Beats Yale 29-29.” I could […] The post ‘September US scrap collapses to sideways’: How can this be? appeared first on The Barrel Blog.

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15 сентября, 11:30

Nigeria’s capital city Abuja looks to hydropower

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The Nigerian government has finally sanctioned the development of the Mambilla hydro scheme in Taraba State in eastern Nigeria, on the border with Cameroon. With generating capacity of 3,050 MW, it will be the biggest hydro project on the African continent outside Ethiopia. China Civil Engineering Construction Corporation (CCECC) has been named as the main […] The post Nigeria’s capital city Abuja looks to hydropower appeared first on The Barrel Blog.

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14 сентября, 06:04

To deal with global supply glut, US LNG export developers thinking outside the box

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A global market overflowing with LNG supplies is squeezing US developers vying for customers and financing in 2017. But that has not deterred a slew of ventures from seeking to move ahead and sway long-term buyers to their view that the market will shift in the first part of the next decade. The competition is […] The post To deal with global supply glut, US LNG export developers thinking outside the box appeared first on The Barrel Blog.

13 сентября, 03:01

US steel market winds blowing in a new direction

The political winds in favor of the US steel industry may be dying down, but the winds of two recent hurricanes — Harvey and Irma — may give the industry a boost. “Sadly, the hurricanes might be what saves the steel market in the second half of 2017,” said one American steel distributor. He reasoned […] The post US steel market winds blowing in a new direction appeared first on The Barrel Blog.

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12 сентября, 10:01

September crude imports at LOOP up 10% from average following Harvey: In The LOOP

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The Louisiana Offshore Oil Port continues to experience a surge in crude oil imports more than two weeks after Hurricane Harvey hit the Texas Gulf Coast and prevented ports in that state from receiving crude for days. The LOOP oil terminal has received 4.1 million barrels of crude in September through Sunday, or about 410,000 […] The post September crude imports at LOOP up 10% from average following Harvey: In The LOOP appeared first on The Barrel Blog.