According to statistics from the Energy Information Administration, November, 2014, marked the first time since 1996 that the United States has not imported any liquid natural gas (LNG). U.S. LNG imports have been declining since 2007, with substantial decline in the last four years. For the eleven months year-to-date for November, 2014, LNG imports were down to 51,223 Mcf from
Finally someone has sniffed out a bit of positive news from the land of Mao. In its latest Oil Market Update, Oslo’s DNB Bank sent out a research note entitled: “Remarkably Strong Oil Demand in China in December and Last Five Months Despite Weakening Economic Growth.” Torbjørn Kjus, the bank’s oil market analyst reported that the Chinese oil stock numbers
Sources inside the company have confirmed that Rosneft will not be able to move forward in the Arctic for at least a year due to sanctions. State-owned energy giant Rosneft (ticker: RNFTF) will not be able to continue drilling in the Kara Sea in 2015 after Western sanctions halted its cooperation with ExxonMobil (ticker: XOM) in the arctic, two company
Chem Giant Planning for Growth in 2015 “We believe lower oil prices are a relative positive for Dow and a boost for the global economy.” “The old view of forecasting five years out almost seems to be out the door.” Following the company’s 2014 earnings release—the Dow Chemical Company (ticker: DOW) posted EPS of $3.11 for the year, a 25%
Keystone clears another hurdle on the road to construction TransCanada’s (ticker: TRP) Keystone XL pipeline received Senate approval yesterday in a bipartisan 62-to-36 vote in favor of allowing the pipeline. Nine Democrats joined 53 Republicans to pass the measure, but the 62 votes will not be enough to override a presidential veto should President Obama decide not to pass the
From Reuters: U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. The slowdown followed two back-to-back quarters of bullish growth and is likely to be short-lived given the enormous tailwind from lower gasoline prices. Other data on Friday showed consumer sentiment jumped
From the Financial Post: Blackstone Group LP, the biggest alternative-asset manager, is “scrambling” to invest more than US$10 billion in energy companies after the price of oil plunged, the firm’s president said. “Our people are scrambling and trying to come up for air,” Tony James said on a call with reporters today discussing Blackstone’s fourth-quarter earnings. “Everything just got hammered
From BNN: After years of complaints, television viewers who want to see flashy American Super Bowl ads are getting their way, as a federal regulator is promising to ban broadcasters from swapping in Canadian commercials during the big game. Each year, the volume of complaints to the Canadian Radio-television and Telecommunications Commission (CRTC) swells around the Super Bowl. Viewers gripe
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