BankTrack is a global network of civil society organisations and individuals tracking the operations of the private financial sector (commercial banks, investors, insurance companies, pension funds) and its effect on people and the planet.
NEW YORK (Reuters) - A U.S.appeals court on Friday revived a lawsuit against Exxon Mobil Corp by Indonesian villagers who accused the oil giant's security forces of committing murder, torture and other...
THE fierce backlash in Malaysia over Lynas Corporation's construction of a controversial rare earth refinery plant has spread to Sydney, with a dozen protesters flying in to picket the company's head office.
Whatever it is the market is going to call the product coming out of the new Pearl Gas-to-Liquids project in Qatar, it may prove to be the energy market's ultimate arbitrage play.
Reporting this week by Platts staff members Tim Worledge, Jonty Rushforth and Hengtky H this week, just days after Shell commissioned Pearl, shows just how many different prices and market trends are going to buffet the output from Pearl--by far the world's largest commercial GTL project--and determine where it's going to end up.
The sheer size of the plant shows how this is the "big time" for GTL technology. When both phases are online, Pearl will produce 140,000 b/d of liquids in the form of a distillate blendstock, and 120,000 b/d of NGLs. By contrast, the two other commercial GTL plants are 14,700 b/d (Shell's Bintulu plant in Malaysia) and 34,000 b/d (Oryx in South Africa, operated by Sasol.)
It's not certain just what the output from Pearl is going to be called, since it isn't exactly diesel, and it isn't exactly gasoil, but it most certainly is a distillate. Regardless of the name, it might head to many different markets.
Being located in the Middle East, its output can easily go west to Europe, or east to Singapore and the rest of Asia. But the market consensus seems to be that Europe is a very strong market for Pearl's output, and that's in part because of the US.
The US is now a structural exporter of diesel. Total distillate exports have ranged from 651,000 to 874,000 b/d over the last several months, and within that, exports of ULSD have been at least 400,000 b/d. Those sorts of numbers represent a lot more than arbitrage opportunities; this flow is permanent, or at least as permanent as anything in markets is. Most of those exports are headed to Europe.
Der Markt für Seltene Erden befindet sich fest in der Hand Chinas, Hightech-Hersteller klagen über die Abhängigkeit. Siemens versucht nun den Befreiungsschlag: Der Technologie-Konzern will die begehrten Rohstoffe gemeinsam mit einem Partner in...
Die Schlagzeilen und die Fernsehkanäle in ganz Indien nahmen die Menschen aus dem Gebiet des geplanten POSCO-Projektes ein und ihren heroischen Kampf, dieses illegale Projekt und den Raub ihres Landes zu stoppen.