Shale Gas Revolution
|
|
- Cecilia Sarah Hutchinson
- 6 years ago
- Views:
Transcription
1 Dr. Kuhlmann International Shale Gas Revolution Its Impact on the Chemical Industry and Global Shipping Trends 7 th Chemical & Product Tanker Conference London, March 18 th, 2015
2 Chemical value chain impacts the demand of commodities traded in European short sea Ship type Industry Oil tanker Product tanker Chemical tanker Container ships Mining Refinery Chemicals Consumer Flow stream Natural sources Feed stocks Commodities Plastics (End products) Consumer products Crude oil Natural gas Naphtha Ethane Aromatics Benzene derivatives C2 derivatives Impact PVC (Polyvinylchloride) PC (Polycarbonate) Automotive Electronics Inorganics Synthesi s gas Impact C3 derivatives PS (Polystyrene) Packaging Salts Others PE (Polyethylene) Feed for steam cracking Product stream exemplary list exemplary list exemplary list exemplary list Major impact on commodities Feed stocks and end-products drive demand for short sea chemicals trade volumes Source: BCG analysis 2
3 3
4 3 Crude Oil Production and Shale Gas Impact in US US crude oil production increased 50% since Driven by the tight oil revolution, which currently forecasts a further 9% growth in which led to a significant reduction of US crude imports Imports of lighter crude has been hit hardest, declining 62% (Mbbld) Crude oil production in the US Forecast Crude imports into US Gulf Coast, kbpd -30% 9,0 7,5 6,0 9% , , , , , , , Source: EIA, STEO Dec 2014 Shale & Tight oil Rest of US production Light 2012 Medium 2013 Heavy Notes: LIght >=32 API; Heavy <=24 API; Sweet <0.7%S, Sour >=0.7%S; Imports are for crude processed in PADD 3 (not all crudes entering PADD 3). Updated Apr 2014 with Jan 2014 data Source: EIA, BCG analysis 4
5 5
6 Crude Oil / Shale Gas Price Differential Thank you bcg.com bcgperspectives.com 6
7 Gas / Oil Price Differential Sensitivity Oil / Gas Differential today 50 US$/ llb / 3 US $/ MBTU or 16 Highly attractive gas cracking in US Breakeven cost requires a differential of 7 With Oil price of 50 US$/llb and Gas price of 8 US$/MBTU the US Petrochemical Industry is not completive * Shale Gas production cost incl Cost of capital ~ 6-7 US$/MBTU Source: BCG * American Chemical Council 7
8 Oil Price Outlook and Potential Impacts Market and competitive fundamentals show that price recovery will take time (>12-18 months) Global inventories will keep on building up at a rate of ~0.8 Mbbld during 1H15, as demand is not expected to grow, while the US oil industry already made investments and drilling plans for the coming months Leading OPEC countries do not rush to act on the market in the near term Reduction of unconventional over-investment in US will require sustained low prices Similarly, discipline among free-riding OPEC countries will require time Some OPEC countries require high oil prices for their fiscal balance Slow oil price recovery expected, steady oversupply, supply / demand in balance needed Current cost scenario implies a longer term price of around $/bbl Most relevant OPEC countries require an oil price around 90 $/bbl to balance their fiscal budgets Clean-up of the market => the smaller & least efficient players will disappear At $50/bbl a slowdown of production growth in the coming months and then a sudden "drop" once hedges expire in 5-6 months Oil price will stay in the range of US$/bbl for the next months and go back to 80 US$/bbl (+) after 24 months 8
9 3 Longer term reinvestment economics will drive price back above 80$/bbl longer-term Global currently forecasted production and break-even prices by types of oil and projects , in $/bbl - Brent real oil price, USD/bbl (2013$) 140 Projected cost of supply Arctic Oil Sands Onshore Middle East Offshore Shelf Extra heavy oil Onshore Russia Onshore Rest of World Deepwater Ultra NA Tight deep- Liquids water 2-4 MMBD spare cap Demand forecasted production in Mbbld World oil demand World oil demand + 2 Mbbld spare cap. 1. Projected cost of supply curve represents the breakeven price of production plus a 10% margin 2.Estimated Oil demand range, considering IEA World Energy Outlook, 2013 Source: Rystad Energy, APICORP; IEA 9
10 Impact of Shale gas cracking in WE - Options Shale gas cracking Import of US ethane into WE will primarily replace long term North Sea gas today used in steam cracking Conversion of some Naphtha steam cracker to ethane feedstock, but relatively expensiv Most Naphtha will continue to maximize LPG ( Butane/Propane ) cracking, max 20-40% possible Economical, technical and logistics limitation for conversion Logistics for Ethane import under construction, conversion from Naphtha to ethane cracking under consideration For most inland SC or older smaller units conversion economically challenging Ethane transport and storage Investments too high to adjust the units Ethylene production in WE based on converted ethane cracking capabilities less than 1 Mill tons Yield modification will reduce Propylene (500kta), C4 s (300kta) and Aromatics (100kta) production in WE Conversion only economically attractive with sustainable high differential between Oil and gas price with Source: BCG 10
11 Impact of Shale gas cracking in WE Conclusion Shale Gas based industry in US strongly dependent on Gas/Oil (naphtha) differential Gas will move back to 6-8 $/MTBU in 2017 * with gas supply/demand being balanced in US Oil market will recover in 12-18months return back to 80$/barrel (plus) Gas / Oil differential > 7, leading to attractive shale gas based cracker economics in US US PE exports marginal attractive vs. WE local production, due to high logistics cost With price pressure on PE and Ethylene some smaller SC and PE units shut down unavoidable Identification difficult, selective premepting factors hard to overcome Inland SC mostly deeply integrated to refining and derivative complexes Close links to existing pipeline systems Regional employment issues and unions pressure Subsidies granted 11
12 Impact of Shale gas cracking in WE - Options The shale gas cost will continuously create cost pressure to stay competitive with WE operations As of 2017 about 2 Mil tons polyethylene might be exported to WE assuming attractive economics in US and availability of currently planned PD capacity Drive integrative optimization and cluster formation to develop synergies and optimization savings Keep cost pressure on existing units, energy cost, safety, flexibility Increase operation flexibility to run SC profitably lower utilization rate with intern recycle etc. Develop feed flexibility to optimize SC for C3 and C4 Improve Refining integration to improve further overall Olefins generation with focus on C3 /C4 Focus SC operation on low C2 but high C3 /C4 production scheme Maintain high value added derivative industry based on C3 and C4 s Reduce continuously logistics and transportation cost Increase cooperation and communication between shipping use and ship owner to identify the highest value added achievale for the benefit of all market participants Source: BCG 12
13 Impact of Shale gas cracking in WE - Options No shut down scenario for the WE Petrochemical Industry Substantial pressure to improve feed flexibility and reduce cost Restructuring und optimization will require flexibility and low cost transportation options Conservative assumption : Optimistic assumption : unchanged transport needs increased transport needs Source: BCG 13
14 Thank you!! Source: BCG 14
15 Dr.Kuhlmann International Thank you bcg.com bcgperspectives.com
Challenges of Fracking for the MENA Region Martin Bachmann, Member of the Board
Challenges of Fracking for the MENA Region Martin Bachmann, Member of the Board NUMOV German MENA Conference Berlin, 26 January 2017 Simplified Model of Hydrocarbon Deposits Conventional versus Unconventional
More informationOil Price Volatility Challenges and Opportunities. December 5, 2016
Oil Price Volatility Challenges and Opportunities December 5, 2016 Oil price per barrel (Brent, US$) CPI deflated Copyright 2016 by The Boston Consulting Group, Inc. All rights reserved. Oil prices have
More informationOECD Non-OECD Total
Quarterly growth 2019 2018 OECD 48.1 47.8 Non-OECD 52.5 51.4 Total 100.6 99.2 Growth in oil demand is slowing. Growth dominated by China, other non-oecd (developing countries). Source: OGJ Forecast & Review,
More informationThe US shale revolution and its economic impact
The US shale revolution and its economic impact Sylvie Cornot-Gandolphe Groupe Idées, Rueil Malmaison, 16 mars 2015 1 The US shale revolution and its economic impact 1. Shale gas Coal-to-gas switching
More informationState of the Industry
33 Reunión Anual Latinoamericana de Petroquímica Outlook State of the Industry Global Renaissance Challenges and Opportunities Gary K. Adams Former CMAI President & Chief Advisor, IHS Chemical 2013, IHS
More informationGlobal Petrochemical Market Outlook Planning For Growth Given Heightened Uncertainty In Market Fundamentals
ASIA CHEMICAL CONFERENCE Presentation Global Petrochemical Market Outlook Planning For Growth Given Heightened Uncertainty In Market Fundamentals November 2016, Singapore ihsmarkit.com Mark Eramo, VP Global
More informationSummary - The Challenge to European Refining Posed by the Rise of US Unconventionals Scottish Oil Club
Summary - The Challenge to European Refining Posed by the Rise of US Unconventionals Scottish Oil Club November 2014 About us We are a global leader in commercial intelligence for the energy, metals and
More information2017 oil price forecast: who predicts best? Information document
2017 oil price forecast: who predicts best? Information document March 2017 Since 2007, Roland Berger has published a yearly overview of available oil price forecasts Roland Berger study of oil price forecasts,
More informationPerspectives on the Impact of Shale Gas and Tight Oil Production on the Global E&C Industry and Vice Versa
214 RICE GLOBAL E&C ANNUAL FORUM Perspectives on the Impact of Shale Gas and Tight Oil Production on the Global E&C Industry and Vice Versa September 23, 214 www.forum.rice.edu Today s objectives Review
More informationNORTH AMERICAN NATURAL GASOLINE
NORTH AMERICAN & NATURAL GASOLINE Condensate Outlook KEY TAKEAWAYS NORTH AMERICAN NATURAL GASOLINE & Condensate Outlook Overview Only Contact BENTEK to subscribe. For more information about BENTEK's industry-leading
More informationGLOBAL OIL MARKET TRENDS
GLOBAL OIL MARKET TRENDS Brent timeline and latest forward curve: Prompt prices recovering, back-end more stable ICE Brent crude, historical front month contract price and latest forward curve Our view
More informationWHAT EVER HAPPENED TO PEAK OIL? Benedikt Unger, February 2015
WHAT EVER HAPPENED TO PEAK OIL? Benedikt Unger, February 2015 WHAT EVER HAPPENED TO PEAK OIL 2 PART 1 OIL FUNDAMENTALS WHAT EVER HAPPENED TO PEAK OIL 3 WHAT ABOUT PEAK OIL? The discussion about oil running
More informationPetrochemical Overview & Opportunities for PIB in the lubricants.
Petrochemical Overview & Opportunities for PIB in the lubricants. Camila Tessari Marketing Especialist August, 2016 Agenda 1. Braskem 2. Crude Oil Overview 3. Brazilian Petrochemical Overview 4. The Uses
More informationST98: 2018 ALBERTA S ENERGY RESERVES & SUPPLY/DEMAND OUTLOOK. Executive Summary.
ST98: 2018 ALBERTA S ENERGY RESERVES & SUPPLY/DEMAND OUTLOOK Executive Summary ST98 www.aer.ca EXECUTIVE SUMMARY The Alberta Energy Regulator (AER) ensures the safe, efficient, orderly, and environmentally
More informationST98: 2018 ALBERTA S ENERGY RESERVES & SUPPLY/DEMAND OUTLOOK. Executive Summary.
ST98: 2018 ALBERTA S ENERGY RESERVES & SUPPLY/DEMAND OUTLOOK Executive Summary ST98 www.aer.ca EXECUTIVE SUMMARY The Alberta Energy Regulator (AER) ensures the safe, efficient, orderly, and environmentally
More informationIntroduction. Influence of Global Petchem Market on Asia
Influence of Global Petchem Market on Asia Introduction Abdullah Fahad Al-Osaimi, PIC 2 nd Annual Aromatics Conference 2014 Seoul, South Korea 18 &19 Sep, 2014 PIC Business Portfolio's PIC s business has
More informationOpportunities and Challenges from New Chemical and Plastics Investment
LSU Energy Summit 26 October 2016 Opportunities and Challenges from New Chemical and Plastics Investment Martha Gilchrist Moore Sr. Director, Policy Analysis and Economics Shifting Competitive Dynamics
More informationCompetitiveness of the EU Chemical Industry, a Key sector in the Refining Value Chain José Mosquera, Director Industrial Policy
Competitiveness of the EU Chemical Industry, a Key sector in the Refining Value Chain José Mosquera, Director Industrial Policy Second meeting of the EU Refining Forum 27 November 2013, Brussels 1 Profile
More informationNatural-Gas-Liquid Derivatives
Natural-Gas-Liquid Derivatives The Energy Tsunami s Next Wave By Clint Follette and Yanyu He The tsunami that yielded abundant unconventional-natural-gas supplies has also generated a glut in the byproducts
More informationEnergy Prospectus Group
Energy Prospectus Group Founded in 2001 Current Membership is 530 We have members in 38 states and eight countries ~ 60% of our members live in Texas Mission is to help our members make money Luncheons
More informationArgus Ethylene Annual 2017
Argus Ethylene Annual 2017 Market Reporting Petrochemicals illuminating the markets Consulting Events Argus Ethylene Annual 2017 Summary Progress to the next peak of the economic cycle, now expected by
More informationOperational Excellence: the key role of integrated planning and scheduling in a merchant oil refinery. Budapest, 14th October 2015
Operational Excellence: the key role of integrated planning and scheduling in a merchant oil refinery Budapest, 14th October 2015 1 Saras businesses Refining (Sarlux) Power (Sarlux) Supply & Trading, Marketing
More informationThe Great Deflation in Oil: Impact on the Polyester Chain
Information Analytics Expertise The Great Deflation in Oil: Impact on the Polyester Chain Indian Polyester 215 19 June, Mumbai Ashish Pujari, Senior Director (Aromatics & Fibers) + 65 6439 61 Ashish.Pujari@ihs.com
More informationUnconventional Oil & Gas Leading to Manufacturing Renaissance
NCSL Forum 11 December 2014 Unconventional Oil & Gas Leading to Manufacturing Renaissance Dr. T.K. Swift Chief Economist & Managing Director Economics & Statistics Surging US Oil & Gas Production Million
More informationNorth American Midstream Infrastructure Through 2035 A Secure Energy Future. Press Briefing June 28, 2011
North American Midstream Infrastructure Through 2035 A Secure Energy Future Press Briefing June 28, 2011 Disclaimer This presentation presents views of ICF International and the INGAA Foundation. The presentation
More informationIHS LATIN AMERICA LPG SEMINAR
ENTERPRISE PRODUCTS PARTNERS L.P. IHS LATIN AMERICA LPG SEMINAR November 8, 2016 Joseph Fasullo Manager, International NGLs ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. enterpriseproducts.com
More informationOpportuni)es and Consequences of the US Shale Revolu)on. Eric N. Smith Tulane Energy Ins)tute 7/9/16
Opportuni)es and Consequences of the US Shale Revolu)on Eric N. Smith Tulane Energy Ins)tute 7/9/16 The surplus of supply over demand in the first half is currently about 800,000 b/d compared with the
More informationOIL PRICES Developments and Effects. Mag. Johannes Benigni, January 2001 PVM Oil Associates - Vienna Strategic Energy Services
OIL PRICES Developments and Effects Mag. Johannes Benigni, January 2001 PVM Oil Associates - Vienna Strategic Energy Services PRICE MOVERS Gasoil 0.2 FOB Barges [USD/mt mt] 350 320 290 Rigid Emission Controls
More informationOil Markets, Midstream and Downstream
ENERGY Oil Markets, Midstream and Downstream Enhance your decision making with the power of IHS Markit integrated solutions for Oil Markets, Midstream and Downstream. Energy with IHS Markit is the leading
More informationUnconventional Oil & Gas: Reshaping Energy Markets
Unconventional Oil & Gas: Reshaping Energy Markets Guy Caruso Senior Advisor JOGMEC Seminar 7 February 2013 Landscape is Changing Even as We Sit Here Today - US Projected to reach 90% Energy Self-Sufficiency
More informationCass Business School Presentation 29 January London
Cass Business School Presentation 29 January 2018 - London Connecting high quality analytics with commercial decision making Commercial Advice Consulting Market Insights Multiclient Products Retainer Agreements
More informationChemical Industry Outlook
Chemical Industry Outlook August 14-15, 2014 The Langham Boston, MA Presented By IHS Chemical: Mark Eramo Vice President, Chemical Insights mark.eramo@ihs.com Best-in-Class Brands Brought together to form
More informationEconomy > Energy > Feedstocks & Polymer Markets
Economy > Energy > Feedstocks & Polymer Markets Howard Rappaport Global Business Director Plastics hrappaport@cmaiglobal.com SPE ABC October, 2009 Singapore Shanghai SPE Houston - ABC New -York October,
More informationThe Outlook and Challenges facing the Chemical Industry Implications for the Industry in UAE?
The Outlook and Challenges facing the Chemical Industry Implications for the Industry in UAE? Prepared for: Abu Dhabi International Downstream Summit Dr. Andrew Spiers aspiers@nexant.com Nexant Energy
More informationWORLD ENERGY OUTLOOK. 9 th Annual GPCA Forum. Information Analytics Expertise NOVEMBER 23, 2014
Information Analytics Expertise NOVEMBER 23, 214 WORLD ENERGY OUTLOOK 9 th Annual GPCA Forum Blake Eskew, Vice President IHS Energy - Oil Markets & Downstream +1 713 331 4 Blake.Eskew@ihs.com 214 IHS Short
More informationDemand-pull or Supply-push? Changes in crude oil markets and possible implications for refining
IHS ENERGY Presentation Oil Market Services Demand-pull or Supply-push? Changes in crude oil markets and possible implications for refining London, 10 th March 2015 ihs.com Damian Kennaby Director, OMS
More informationLSU Natural Gas Conference
LSU Natural Gas Conference Presented by: Bob Purgason VP Gulfcoast Region Williams Companies Introduction Structural shift in natural gas pricing The crude to gas ratio: A critical relationship for NGL
More informationOPEC's Spare Crude Oil Capacity - Will it Disappear by the End of 2011?
OPEC's Spare Crude Oil Capacity - Will it Disappear by the End of 2011? Posted by Rune Likvern In this post I present an analysis of how OPEC oil supplies have responded to changes in crude oil prices
More informationAnother Bull Market Consolidation or. for the
Another Bull Market Consolidation or Have Oil Prices Headed South for the John Cook Director, EIA Petroleum Division New York Energy Forum September 5, Winter? Limited Spare Capacity Weather/ Hurricane
More information2018 oil price forecast: who predicts best? Information document
2018 oil price forecast: who predicts best? Information document Amsterdam, March 2018 Since 2007, Roland Berger has published an annual review of available oil price forecasts Roland Berger study of oil
More informationOPEC s Dilemma The oil world cycles of
OPEC s Dilemma The oil world cycles of 2003-2023 Ray Leonard: Hyperdynamics Art Berman: Labyrinth Consulting University of Arizona Tucson, March 29, 2016 Prediction is very hard, especially about the future
More informationThe Market in The International Oil Market. The Market in The Market today. A paradigm shift
The Market in 2004 The International Oil Market A paradigm shift Presentation by Anthony D Owen Reserve Bank of Australia, 10 May 2006 Surplus production capacity dropped sharply as a result of a sharp
More informationExamining the Expansion Potential of the Petrochemical Industry in Canada
Canadian Energy Research Institute Examining the Expansion Potential of the Petrochemical Industry in Canada Allan Fogwill President and CEO Canadian Energy Research Institute January 2016 1 Canadian Energy
More informationThe outlook and opportunities for petrochemicals based on China s development of shale gas
China s shale gas The outlook and opportunities for petrochemicals based on China s development of shale gas LEE FAGG Nexant Nexant has recently completed a detailed analysis of the current and developing
More informationGulf Coast Energy Outlook
Gulf Coast Energy Outlook Lakeshore Lions Club Meeting February 16, 2009 David E. Dismukes Louisiana State University 1 Take Way Points: Outlook & Issues Significant growth in storage positions for most
More informationGlobal Petrochemicals The Game has Changed: Shale Impact on Chemicals
Global Petrochemicals The Game has Changed: Shale Impact on Chemicals Presented by: Dewey Johnson VP Market Research-IHS-Chemical 28 February, 2013 Moody Gardens Hotel Galveston, Texas Rapidly Changing
More informationEthane downstream in Middle East & Egypt Prospects to the future
Ethane downstream in Middle East & Egypt Prospects to the future Eng./ Ihab Yahia Marketing Research Department Head Sidi Kerir Petrochemicals Co. SIDPEC ihab.yahia@sidpec.com Outlines 1- Ethylene demand
More informationWorld Petrochemical Markets Positioning Asia for the Future
World Petrochemical Markets Positioning Asia for the Future Gary Adams President GAdams@cmaiglobal.com APIC Marketing Seminar by CMAI Singapore, May 27, 2008 Singapore Shanghai 2008 APIC New York CMAI
More informationFueling Plastics. Fossils, Plastics, & Petrochemical Feedstocks. Origins of Plastic
Fueling Plastics Fossils, Plastics, & Petrochemical Feedstocks Plastics are produced from chemicals sourced almost entirely from fossil fuels. Because fossil fuel production is highly localized, plastic
More informationMajor Challenges for Gas: What Can be Expected for Mexico?
Major Challenges for Gas: What Can be Expected for Mexico? Gas Future Forum, Mexico, April 3, 2014 BEG/CEE UT, 1 Overall Observations Resources Reserves Deliverability Deliverability is key Sweet spot
More informationPOTENTIAL BENEFITS OF EXPANDED CHEMICAL AND PLASTICS MANUFACTURING IN APPALACHIA
POTENTIAL BENEFITS OF EXPANDED CHEMICAL AND PLASTICS MANUFACTURING IN APPALACHIA 18 October 2017 Governor s Energy Summit Roanoke, West Virginia Martha Gilchrist Moore Sr. Director Policy Analysis and
More informationGlobal and Russian Energy Sector at the Crossroad: New Challenges
Global and Russian Energy Sector at the Crossroad: New Challenges Dr. Tatiana Mitrova Head of Oil and Gas Department Energy Research Institute of the Russian Academy of Sciences Washington 6 December,
More informationCrude Oil and Product Price Outlook: Rising to the Challenge
Crude Oil and Product Price Outlook: Rising to the Challenge Y.H.Lee Vice President, GS Caltex Corporation Northeast Asia Petroleum Forum September 21, 2005 CONTENTS 1. Introduction 2. Factors that drive
More informationWorld Energy Outlook 2013
World Energy Outlook 2013 Paweł Olejarnik IEA Energy Analyst Warszawa, 15 Listopada 2013 The world energy scene today Some long-held tenets of the energy sector are being rewritten Countries are switching
More informationSolution for the Feedstock Reshuffle: Technology & Economic Analyzer
Solution for the Feedstock Reshuffle: Technology & Economic Analyzer Special Report Prospectus IHS Chemical Prospectus Contents Contents 2 Study Objective 3 Study Scope 4 Sample questions the model can
More informationIMO 2020 PRESENTATION TO INTERTANKO
IMO 2020 PRESENTATION TO INTERTANKO PADDY RODGERS, CEO EURONAV NOVEMBER 2018 IMO 2020 ABOUT MORE THAN SCRUBBERS New trading routes Complex refiners = heavy, sour crudes; less complex consume lighter and
More informationLight and Heavy Naphtha: International Market Analysis. Prospectus
Light and Heavy Naphtha: International Market Analysis Prospectus Contents The Market...2 Objective...3 Key Questions...4 Scope of work...5 Deliverables...6 Methodology... 7-8 Table of Contents... 9-11
More informationShale Gas as an Alternative Petrochemical Feedstock
Shale Gas as an Alternative Petrochemical Feedstock Tecnon OrbiChem Seminar at KICHEM 2012 Seoul - 2 November, 2012 Roger Lee SHALE GAS WHERE DOES IT COME FROM? Source: EIA SHALE GAS EXPLOITATION Commercial
More informationThe Effects of Hurricane Harvey on the US Winter Propane Outlook
Prepared for the National Propane Gas Association 217 Fall Board of Directors Meeting The Effects of Hurricane Harvey on the US Winter Propane Outlook October 1, 217 August, 216 Debnil Chowdhury, Director,
More informationThe title of this presentation is NGLs versus LPGs, or Gas Plants vs. Refineries. We talk a lot about NGLs from gas plants and what is happening to
1 The title of this presentation is NGLs versus LPGs, or Gas Plants vs. Refineries. We talk a lot about NGLs from gas plants and what is happening to those volumes, but usually the refinery side is a footnote.
More informationTRCC CANADA Monthly Bulletin MARCH 2016 ISSUE
TRCC CANADA Monthly Bulletin MARCH 2016 ISSUE Executive Summary Butadiene: IHS Chemical s marker for the March US butadiene contract price rolled over at 25.1 cents per pound ($553 per ton). This reflects
More informationNASEO WINTER ENERGY OUTLOOK
ENTERPRISE PRODUCTS PARTNERS L.P. NASEO WINTER ENERGY OUTLOOK October, 2014 Mike Smith Group Sr. Vice President ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. enterpriseproducts.com DISCLAIMER
More informationFeedstock Challenges and Market Implications for Middle East Petrochemical Producers
Feedstock Challenges and Market Implications for Middle East Petrochemical Producers Agenda 1. Current MENA gas situation 2. Country examples (Saudi Arabia, Kuwait, UAE) 3. Implications for petrochemicals
More informationShort Term Energy Outlook March 2011 March 8, 2011 Release
Short Term Energy Outlook March 2011 March 8, 2011 Release Highlights West Texas Intermediate (WTI) and other crude oil spot prices have risen about $15 per barrel since mid February partly in response
More informationCopyright 2013 OSIsoft, LLC. 1
Copyright 2013 OSIsoft, LLC. 1 Operational Excellence in Today s Dynamic Global Energy Market IHS Keynote Address OSIsoft User Conference Scott Key, President and CEO, IHS Inc. April 17, 2013 Information
More informationPower & Politics Navigating the Changing Vision of Our Energy Future. Rayola Dougher, API Senior Economic Advisor,
Power & Politics Navigating the Changing Vision of Our Energy Future Rayola Dougher, API Senior Economic Advisor, dougherr@api.org U.S. oil and natural gas production is increasing as a result of technological
More informationThe North American Energy Revolution: Implications for Rail
Graham Brisben, CEO, PLG Consulting Taylor Robinson, President, PLG Consulting April 30, 2015 Logistics Engineering Supply Chain The North American Energy Revolution: Implications for Rail Prepared for:
More informationGulf Coast Energy Outlook
Gulf Coast Energy Outlook Gregory B. Upton Jr., Ph.D. Louisiana State University Center for Energy Studies St. James Community Advisory Panel Meeting Gramercy, LA. June 6, 2017 Introduction Consensus Price
More informationPOLYOLEFINS THE NEVER ENDING STORY
MARCH 2016 POLYOLEFINS THE NEVER ENDING STORY Martin Wiesweg Senior Director Polymers EMEA +49 211 97550707 Martin.Wiesweg@ihs.com Western Europe stays on a slow growth path World Economic Outlook / March
More informationENERGY OUTLOOK 2017 FALL/WINTER
ENERGY OUTLOOK 2017 FALL/WINTER With more than 105 years in the energy industry, BOK Financial is committed to helping you succeed. In this issue of the Energy Outlook, you ll learn more about the current
More informationTHE HYDROCARBON PROCESSING INDUSTRY IN A CHANGED GLOBAL ENVIRONMENT
THE HYDROCARBON PROCESSING INDUSTRY IN A CHANGED GLOBAL ENVIRONMENT Mark Peters Publisher Oil & Gas Financial Journal markp@pennwell.com www.ogfj.com FACTORS SHAPING ENERGY EXPANSION FOR THE NEXT DECADE:
More informationCOMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET
COMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET AN INTERNATIONAL ENERGY FORUM PUBLICATION MAY 2018 RIYADH, SAUDI ARABIA MAY 2018 SUMMARY FINDINGS FROM A COMPARISON OF DATA AND FORECASTS ON THE
More information2016 Light and Heavy Naphtha: International Market Analysis
2016 Light and Heavy Naphtha: International Market Analysis Prospectus IHS Energy and Chemical Prospectus Contents The Market... 3 Objective... 4 Key Questions... 5 Scope of work... 6 Deliverables... 7
More informationSBS Supply Outlook Rocky Mountain Pavement Preservation Partnership October 29, 2008 Presented by: The Association of Modified Asphalt Producers
SBS Supply Outlook Rocky Mountain Pavement Preservation Partnership October 29, 2008 Presented by: The Association of Modified Asphalt Producers Why is SBS Currently in Short Supply? Styrene-Butadiene-
More informationThe Outlook for the Global LPG Market
The Outlook for the Global LPG Market International LP Gas Seminar 213 Ken Otto February 28, 212 Dai-Ichi Hotel Tokyo, Japan 212, IHS Inc. No portion of this presentation may be reproduced, reused, or
More informationWorking Smarter... To improve profitability
APLA Working Smarter... To improve profitability James Ray ICIS Senior Consultant www.icis.com 1 ICIS - Global Presence, Local Insight More than 30 years of industry insight and data Over 100,000 industry
More informationBP Statistical Review of World Energy
BP Statistical Review of World Energy July 2016 bp.com/statisticalreview #BPstats BP p.i.c.2016 BP Statistical Review of World Energy July 2016 2015: A year of plenty Richard de Caux, head of refining
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirty-First Meeting April 18, 2015 IMFC Statement by H.E. Abdalla Salem El-Badri Secretary-General The Organization of the Petroleum Exporting Countries
More informationOptimizing a World-Scale Petrochemical Plant
Optimizing a World-Scale Petrochemical Plant Uberne A. Tapia 2012 Business Optimization Conference Kuala Lumpur, Malaysia Agenda The need for Optimization RPMS Project Implementation Methodology RPMS Solution
More informationOur refining and chemicals facilities in Saudi Arabia some wholly owned, some ventures with global companies increase opportunities for domestic
Our refining and chemicals facilities in Saudi Arabia some wholly owned, some ventures with global companies increase opportunities for domestic conversion industries, manufacturers, and service providers,
More informationOPEC+10 production restraint reversed supplydemand. allowed inventories to fall. Supply growth is outside OPEC. New dynamic: rapidresponse
OPEC+10 production restraint reversed supplydemand imbalance, allowed inventories to fall. Supply growth is outside OPEC. New dynamic: rapidresponse shale. Source: Midyear Forecast, OGJ, July 2 Small stock
More informationUS Oil and Gas Import Dependence: Department of Energy Projections in 2011
1800 K Street, NW Suite 400 Washington, DC 20006 Phone: 1.202.775.3270 Fax: 1.202.775.3199 Email: acordesman@gmail.com Web: www.csis.org/burke/reports US Oil and Gas Import Dependence: Department of Energy
More informationShale Oil: A Turning Point for the Global Oil Market
06 May 2013 Shale Oil: A Turning Point for the Global Oil Market Edith Southammakosane, Director - Research research@etfsecurities.com Key points Global oil supply is rising rapidly as shale oil production
More informationNexantThinking TM. On-Purpose Propylene: Is Propane the Best Feedstock? Special Reports. Prospectus September 2014
NexantThinking TM Special Reports On-Purpose : Is Propane the Best Feedstock? Prospectus September 2014 Special Reports NexantThinking TM Special Reports On-Purpose : Is Propane the Best Feedstock? Prospectus
More informationEU Petrochemicals Industry:
EU Petrochemicals Industry: Analysis of Competitiveness and exposure to International Competition High Level Group, Ad-hoc group Competitiveness and Trade with other regions, Brussels, June 26, 2008 Petrochemicals
More informationSupporting Materials for 1 st Quarter Results 2015
Supporting Materials for 1 st Quarter Results 2015 14 th May 2015 Showa Shell Sekiyu K.K. Showa Shell Sekiyu K.K. 1 Notes This document contains forward-looking statements concerning the results of operations
More informationNexantThinking PERP PROGRAM Ethylene PERP
NexantThinking 00101.0013.4104 Ethylene PERP 2013-4 NexantThinking Ethylene PERP 2013-4 December 2013 Bonaire Le This Report was prepared by Nexant, Inc. ( Nexant ) and is part of the NexantThinking suite.
More informationEnergy Outlook. Kurt Barrow Vice President, Oil Markets, Midstream and Downstream Insights, IHS Markit
Energy Outlook Kurt Barrow Vice President, Oil Markets, Midstream and Downstream Insights, IHS Markit kurt.barrow@ihsmarkit.com Building a Foundation for Profitable Growth in Uncertain Markets Agenda Short-term
More informationTRENDS IN THE POLYMERS MARKET
IHS CHEMICAL TRENDS IN THE POLYMERS MARKET Jesse Tijerina, Managing Director, Consulting Americas +1 281 752 3251 jesse.tijerina@ihs.com ENERGY Million barrels per day A Period of Deflated Prices and Squeezed
More informationPetrochemical plants and refineries have developed
There is also a growing acceptance that climate change due to global warming could have radical effects on all aspects of the hydrocarbon chain. This paper questions the potential effect on the petrochemical
More informationMedium Term Energy Market Outlook IEEJ Energy Seminar October 213 Keisuke Sadamori, Director, Energy Markets & Security, IEA Primary Energy Supply from Fossil Fuels Mtoe 5 45 4 35 3 25 2 15 1 5 2 21 22
More informationOIL & ENERGY MARKETS: SHIFTING LANDSCAPE, TRADING OPPORTUNITIES
OIL & ENERGY MARKETS: SHIFTING LANDSCAPE, TRADING OPPORTUNITIES Gunvor Integrated Global Trading 1 A Balanced Trading Portfolio Naphtha Naphtha LPG Biofuel Gasoline LPG Biofuel Gasoline Gasoil Coal Crude
More informationChanging US Crude Oil Imports are Driving Refinery Upgrades, Creating Opportunities
1 Changing US Crude Oil Imports are Driving Refinery Upgrades, Creating Opportunities Christopher Buehler, Ph.D., P.E. Praveen Gunaseelan, Ph.D. Crude Oil Quality Association October 22, 2009 Meeting Houston,
More informationMedicine Bow Fuel & Power Project
Medicine Bow Fuel & Power Project 4 th Annual Wyoming CO 2 Conference 30 June 2010 Project Overview DKRW Advanced Fuels ( AF ) is sponsoring a coal to gasoline project in SE Wyoming The project will use
More informationAustralian Resources, Energy & Utilities Conference
Australian Resources, Energy & Utilities Conference Australasian Energy WorleyParsons Brian Evans Managing Director, Hydrocarbons 19 June 2009 Presentation Elements Update on WorleyParsons Energy & LNG
More informationOverview of global crude oil reserve estimates and supply patterns. Professor Wumi Iledare LSU Center for Energy studies Baton Rouge, LA 70803
Overview of global crude oil reserve estimates and supply patterns Professor Wumi Iledare LSU Center for Energy studies Baton Rouge, LA 70803 Presentation at Audubon Kiwanis Weekly Meeting Baton Rouge,
More informationGlobal energy markets
For Woodrow Wilson Center Global Energy Forum September 21, 215 Washington, DC by Adam Sieminski, Administrator U.S. Energy Information Administration U.S. Energy Information Administration Independent
More informationCOMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET
COMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET AN INTERNATIONAL ENERGY FORUM PUBLICATION APRIL 2018 RIYADH, SAUDI ARABIA APRIL 2018 SUMMARY FINDINGS FROM A COMPARISON OF DATA AND FORECAST ON
More information3-1. Effect of Crude Oil Price Drop on the Global Energy Market
APERC Workshop at EWG52 Moscow, Russia, 18 October, 2016 3-1. Effect of Crude Oil Price Drop on the Global Energy Market James Kendell Vice President, APERC Background and outline of the study Background
More informationStrategic Directions for the Middle East Petrochemical Industry Outlook for Development Prospectus
Strategic Directions for the Middle East Petrochemical Industry Prospectus Prospectus 0 INTRODUCTION The initiative that began in the late 1970s to add value to the gas flared at the crude oil well head
More information