Energy Update
US exports of dried distillers grains to China peaked in May at more than $252 million, then fell off in July and cratered in August. Platts' Wes Swift explains what happened.
Platts' Tom Balcerek looks at the last 10 years of the US steel industry and how much longer the market could be wandering through the wilderness.
(Thu, 08 Oct 2015) The average cost to transport coal in the U.S. remained near $17.50 per ton between 2011 and 2013, but has increased by nearly 9% since 2008. The average cost of shipping by rail, which moves approximately two-thirds of all coal consumed in the U.S., increased by 14% from 2008 to 2013.
(Thu, 08 Oct 2015) The U.S. Energy Information Administration released a PADD 5 Transportation Fuels Markets study on September 30 that examines supply, demand, and distribution of petroleum-based transportation fuels in Petroleum Administration for Defense District (PADD) 5, which encompasses California, Arizona, Nevada, Oregon, Washington, Alaska, and Hawaii.
Oct 7 (Reuters) - Refining margins in the U.S. Midwest region (West Texas Intermediate) rose the most among the five U.S. petroleum districts, by $3.39 per barrel to $25.70 per barrel in the week ended Oct. 2, Credit Suisse said in a weekly report on Wednesday. Margins in the East Coast (Brent) were up 6 cents per barrel to $9.04 a barrel.
SHANGHAI, Oct 8 (Reuters) - Chinese authorities have placed the governor of Fujian province, who is also the former chairman of China Petroleum and Chemical Corporation, under investigation on suspicion of "serious disciplinary violations", China's anti-graft watchdog has said.
A Queensland Investment Corporation (QIC)-led consortium has signed a binding agreement with EnergyAustralia, a member of the China Light & Power (CLP) Group, to acquire the Iona gas storage facility (Iona) west located in Melbourne in Victoria, Australia, for A$1.78bn ($1.28bn).
HOUSTON, Oct 7 (Reuters) - The trading arm of Brazilian investment bank BTG Pactual has opened a new East Coast gateway for exports of U.S. condensate, preparing to ship a second cargo this week along what is set to become a regular route to overseas refiners, sources familiar with the matter said.
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