“Peak coal” is here. Goldman Sachs released a September 22 research note that predicted that coal will decline and never come back. “Peak coal is coming sooner than expected,” the investment bank […]
EIA: Oil firms’ deficit between spending and cash balloons to $50 billion
The plunge in crude prices cost oil companies some $35 billion in operating cash flow in the second quarter, the U.S. Energy Information Administration said Thursday. via Fuel Fix http://ift.tt/1YEgnRd
The Real Price of Oil – IEEE
On Friday, 20 June 2014, West Texas Intermediate (WTI) crude oil traded in Cushing, Okla., at US $107.95 a barrel; by the end of the year it was selling for $53.45, almost […]
U.S. propane inventories are at an all-time high
U.S. inventories of propane and propylene reached 97.7 million barrels as of September 11, the highest level in the 22 years that EIA has collected weekly propane inventory statistics. In the first […]
Oil Companies Running Out Of Options
The financial pressure on indebted oil and gas companies continues to mount, putting them in a bind as they try to mend their deteriorating balance sheets.As their debt rises, drillers have had […]
UBS predicts coal’s share of US electricity halving by 2030
UBS report suggests coal generation’s share of US electricity markets will drop to 18 percent by 2030. via Renew Economy http://ift.tt/1FQQdz1
US Oil Output: More Buffer Provider Than ‘Swing’ Producer
As oil prices continue to stay low, conjecture on whether or not the US could be given the title of the world’s new swing producer continues to gain traction. There are fierce […]
Recent statistical revisions suggest higher historical coal consumption in China
New preliminary data from the China Statistical Abstract 2015 show an upward revision to China’s historical coal consumption and production. Energy-content-based coal consumption from 2000 to 2013 is up to 14% higher […]
Coal use in China is slowing
Economic deceleration, industry restructuring, and new energy and environmental policies have slowed the growth of coal consumption in China and are also driving more centralized and cleaner uses of coal. After nearly […]
Debt service uses a rising share of U.S. onshore oil producers’ operating cash flow
Results from second-quarter 2015 financial statements of a number of U.S. companies with onshore oil operations suggest continued financial strain for some companies. Low oil prices have significantly reduced cash flow for […]
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