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Power & Energy Commodity Reports

The Correct Price for Crude Oil

London, 5 April 2014

With the flattish nature of its action over the past several months, oil seems to have reached a tipping point on price.  It’s almost as if the charts are saying that oil either must break up or break down, if long-term trendlines are going to be respected.

Read more: The Correct Price for Crude Oil

The Most Profitable Gas in the World

London, 4 April 2014

There is only one certainty in Ukraine: The energy sector must and will be transformed, and how long this takes will depend on who ends up in the driver's seat and how serious they are about becoming a part of Europe and reducing dependence on Russia. But by then, investors will have missed the boat.

Read more: The Most Profitable Gas in the World

Why Ukraine's next President doesn't matter

London, 28 March 2014

Having ridden roughshod over Ukraine, Russia's annexation of the Crimea is now over and a new chapter in Ukrainian politics is about to begin — but it won't be much different than the last chapter, with the same old faces surfacing for May presidential elections.

Read more: Why Ukraine's next President doesn't matter

Coal-to-Olefins technology in China could flood global polyethylene markets

New York, March 2014

If China’s development of coal-to-olefins (CTO) technology continues as planned across the next five years, the global polyethylene (PE) market is likely to be saturated with material through 2019, according to the just-released quarterly: “Platts Shale to Polyethylene Report – Global Outlook to 2023.”

Polyethylene, also called polythene, is the world’s most widely used plastic, primarily used to make films used in packaging and plastic bags. Polyethylenes consume more than half of the world’s supply of ethylene, derived from various petrochemical olefins.

“At Platts, we are tracking more than three dozen coal-to-olefins and methanol-to-olefins projects in China, all of which are likely to come on stream by 2020,” said Jim Foster, editorial director of petrochemical analysis at Platts, a leading global information provider of energy, petrochemicals, metals and agriculture information. “Those new plants are expected to add more than 10 million metric tons of ethylene to the Chinese market.”

The Platts Shale to Polyethylene Report showed that the amount of ethylene produced from coal-to-olefins in China is expected to match the amount of ethylene produced from new steam cracker projects tied to shale gas developments in North America.

“We hear a lot of talk about how shale gas is a ‘game changer’ in the petrochemical industry,” Foster said. “And it certainly is. But coal-to-olefins has the potential to have an even greater impact than shale gas, if China moves forward as planned.”

Report data showed that not only is China adding ethylene production capacity, it is adding more than 14 million metric tons of additional polyethylene capacity between 2014 and 2021, much of which is being fed by the coal-to-olefins-produced ethylene.

The Report, in its look at new ethylene and polyethylene production developments worldwide, made clear that new Asian capacity – most of which is in China – will hit the global markets ahead of the new production planned for North America. The largest capacity gains in the Americas are projected to occur in 2017 and 2020, when new shale-based production comes on-stream.

“Each of those two years will see increases of little more than two-million metric tons,” said Foster, “but in 2015 and 2016 alone, Asian PE capacity could climb more than seven million metric tons.”

The Report showed the influx of Asian material will likely increase global polyethylene surpluses by more than 50% between 2013 and 2015. Global surpluses of the plastic are projected to climb to more than seven million metric tons between 2016 and 2018.

Ends --

For more information on the Report’s findings, listen to the Platts podcast:

Russia Eyes Crimea’s Oil and Gas Reserves

London, March 2014

According to Reuters , Crimea may nationalize oil and gas assets within its borders belonging to Ukraine, and sell them off to Russia. Crimea’s Deputy Prime Minister hinted at the possibility that it would take control of Chornomorneftegaz, a Ukrainian state-owned enterprise, and then “privatize” it by selling it to Gazprom. “After nationalisation of the company we would openly take a decision - if a large investor, like Gazprom or others emerges - to carry out (privatisation),” Deputy Prime Minister Rustam Temirgaliev said.

Read more: Russia Eyes Crimea’s Oil and Gas Reserves

ACORE and BNEF sign collaboration for energy education

Washington, March 2014

The American Council On Renewable Energy (ACORE) and Bloomberg New Energy Finance (BNEF) today announced a collaborative partnership for ACORE’s well-known Renewable Energy Seminar and Teleconference Series, produced with the American Bar Association’s Section of Environment, Energy, and Resources (ABA SEER).  BNEF will provide insight on the future of the energy system, with a particular focus on the U.S., for the webinar series.

Read more: ACORE and BNEF sign collaboration for energy education

Energy Sector to Lead M&A Revival in 2014

London, 3 March 2014

The energy sector will play a leading role in the global M&A revival, with energy firms significantly more favourable toward M&A than companies in other sectors, according to wide ranging research by international law firm, Hogan Lovells. 

Read more: Energy Sector to Lead M&A Revival in 2014

EIA launches Coal Data Browser on US coal sector

Washington, 25 February 2014

The U.S. Energy Information Administration (EIA) has launched an interactive, online Coal Data Browser ( that brings together in a single tool comprehensive government information, statistics, and visualizations about the U.S. coal sector.

Read more: EIA launches Coal Data Browser on US coal sector

U.S. Electricity use continues declining

Washington, 25 February 2014

U.S. electricity sales peaked in 2007 and have been declining modestly since then. Sales in 2012 were 1.9% lower than 2007 sales, and sales in the first ten months of 2013 are below the same period in 2012.

Read more: U.S. Electricity use continues declining

Boundless Natural Gas, Boundless Opportunities

London, 24 February 2014

The Energy Information Agency (EIA) has predicted that natural gas production in the US will continue to grow at an impressive pace. Right now output is close to 70 billion cubic feet a day and is expected to reach over 100 billion cubic feet per day by 2040. The trend is likely to continue without hitting a geologic “peak”, and along with this trend will come new marketing opportunities for America.

Read more: Boundless Natural Gas, Boundless Opportunities