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Showing posts from December, 2019

Carolyn Konheim, Foe of All That Befouled a City, Dies at 81 - The New York Times

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Carolyn Konheim, Foe of All That Befouled a City, Dies at 81 - The New York TimesCarolyn Konheim, Foe of All That Befouled a City, Dies at 81 - The New York TimesPosted: 04 Dec 2019 12:00 AM PST Carolyn Konheim, whose sons' soot-specked white snow suits transformed her from a high school history teacher into a crusading New York environmentalist who targeted water and air pollutants, congested streets and other scourges of modern urban life, died on Nov. 25 at her home in Brooklyn. She was 81.The cause was complications of Parkinson's disease and dementia, her husband, Brian Ketcham, said.The couple were partners in Konheim & Ketcham, a consulting firm that prepared environmental impact statements and conducted pollution-abatement surveys for governments and private clients from 1981 to 2007.They also volunteered their expertise to civic groups concerned about the effects of development in their neighborhoods, operating through a nonprofit group, Community Consulting Servic…

Top stories of the 2010s: Wind energy changing state's energy landscape - The Gazette

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Top stories of the 2010s: Wind energy changing state's energy landscape - The GazetteTop stories of the 2010s: Wind energy changing state's energy landscape - The GazettePosted: 31 Dec 2019 07:05 AM PST The eve of a new decade presents a perfect time to reflect on the past 10 years, to look at the changes in our lives and in our state and nation. For Iowa, The Gazette chose 10 storylines of the decade that have changed or will change the state's trajectory. This is one of those stories.See the full list and read them here.Wind isn't quite king in Iowa. But it could be getting there.And the dramatic growth of wind energy — a renewable resource — could well affect Iowa's economic growth, cost of living and cost of doing business.Consider this: In this decade, Iowa became the first state to produce more than 30 percent of its energy needs through wind. Due to the state's 114 wind farms, that share today is up to 36 percent, with a milestone of 10,000 mega…

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${latestItemCrude Oil Price Forecast - Crude Oil Markets Look Ready To Rollover - FX EmpirePosted: 23 Dec 2019 12:00 AM PST WTI Crude OilCrude oil markets drifted a bit lower during the trading session on Monday, as we continue to see a continuation of selling pressure. We had gotten to the very top of the overall consolidation range from a longer-term outlook, and it appears that we are going to continue to see a lot of the same. With that being said, I believe that if we can break down below the $60 level it's likely that this market will go down to the $58 level. In that area, I expect to see buyers coming back to pick up crude oil based upon structural support and of course the moving averages on the chart. Crude Oil Video 24.12.19[embedded content]BrentBrent markets also look very soft at this point and likely to struggle with being this extended. It the $65 level should be support, but if it does not hold, that will more than likely open up the door to the $63.50 level. Above,…

Oil is on pace for its best year since 2016 as global tensions and dwindling US inventories lift prices - Business Insider

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Oil is on pace for its best year since 2016 as global tensions and dwindling US inventories lift prices - Business InsiderOil is on pace for its best year since 2016 as global tensions and dwindling US inventories lift prices - Business InsiderPosted: 30 Dec 2019 12:30 PM PSTReutersOil is set to close 2019 with its biggest yearly gain since 2016, according to data first reported by Bloomberg.WTI crude is up nearly 36% year-to-date, driven by geopolitical risk factors and shrinking US inventories.American crude inventories fell to their lowest level in two months in the week ended December 20, lifting prices by cutting supply.Iran seized an oil tanker in the Strait of Hormuz on Monday and the US initiated air strikes on five Iranian-backed bases in Iraq and Syria on Sunday, according to Bloomberg. The events could prompt new tensions between the two nations and push oil's price even higher.Watch WTI crude trade live here.Oil is set to close out 2019 with a massive price jump, lifte…

Venezuela Is Quietly Ramping Up Oil Production - OilPrice.com

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If anyone is to ever write a guidebook on political survival, the skills of Venezuelan President Nicolás Maduro would certainly top the contemporary charts. This autumn went relatively well for the besieged leader as the political headlines drifted towards the US-China trade wars, OPEC+ production cuts and the US impeachment saga. In fact, the weakening of media attention against the background of a rigid sanction regime nudged the Venezuelan authorities to render their economy a bit more market-based and also to throw more efforts into fighting the nation’s main scourge, hyperinflation. Yet once again elections in Venezuela are around the corner and the fragile stability might be jeopardized again.Graph 1. Venezuelan Crude Exports in 2017-2019 (million barrels per day).Source: Thomson Reuters.Let’s start first with crude and exports thereof. Bouncing back from a string of blackouts, outages and fires, PDVSA managed to bring back its oil output to levels unseen since February-March 20…

Oil falls but on track for biggest yearly rise since 2016 - Economic Times

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LONDON: Oil fell on the last trading day of the decade on Tuesday but was still on track for monthly and annual gains, supported by a thaw in the prolonged U.S.-China trade row and Middle East unrest. Brent crude was down 74 cents at $65.93 a barrel by 1434 GMT. U.S. West Texas Intermediate (WTI) crude fell 82 cents at $60.86 per barrel.The volume of trade remained low as many market participants were away for year-end holidays.Brent has gained about 22% in 2019 and WTI has risen 34%. Both benchmarks are set for their biggest yearly gains in three years, backed by a breakthrough in U.S.-China trade talks and output cuts pledged by the Organization of the Petroleum Exporting Countries and its allies.U.S. President Donald Trump said on Tuesday that the Phase 1 trade deal with China would be signed on Jan. 15 at the White House.The breakthrough in the talks has already boosted factories' output and Chinese manufacturing activity expanded for a second straight month.China's Purch…

Crude oil futures steady ahead of expected build in US product data - S&P Global

Singapore — Crude oil futures were steady to slightly lower in mid-morning trade in Asia Tuesday amid expectations of a build in US product stocks data due for release in coming days.Not registered?Receive daily email alerts, subscriber notes & personalize your experience.Register Now At 10:12 am Singapore time (0212 GMT), the new front month March ICE Brent crude futures was down 9 cents/b (0.13%) from Monday's settle at $66.58/b, while the NYMEX February light sweet crude contract was 9 cents/b (0.15%) lower at $61.59/b."Crude oil prices started New Year's Eve on a dull note, with the year-end trading day finding caution in the market despite the positive news we have seen, including the expectation of the [US-China] phase one trade deal signing," IG market strategist Pan Jingyi said."Prices nevertheless held above $66.50/b when last checked, with support broadly expected going into January. This is as the market looks to the recovery of business confidence…

Valero Stock Rises 12% before IMO 2020 - Market Realist

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Valero Stock Rises 12% before IMO 2020 - Market RealistValero Stock Rises 12% before IMO 2020 - Market RealistPosted: 25 Dec 2019 11:45 PM PST Valero Energy (VLO) stock has risen 11.6% sequentially. The stock has risen due to stronger refining conditions in the current quarter. The refining environment has changed due to the upcoming IMO 2020 regulation. Notably, the change will impact refiners in different ways. Some refineries might gain more, some could gain less, and some might lose.While Valero stock has risen, its peers have put up a mixed performance. Phillips 66 (PSX) and PBF Energy (PBF) stocks have increased 10.5% and 17.1% sequentially, respectively. Marathon Petroleum (MPC) has risen marginally by 0.4% in the current quarter. However, HollyFrontier (HFC) and Delek US Holdings stocks have fallen 3.8% and 5.2% sequentially, respectively.Valero stock to benefit from IMO 2020Shipping vessels will be required to use low-sulfur fuels starting in January. They can buy low-sulfur f…

US crude imports fall to lowest point since 1994: EIA - S&P Global

HighlightsImports from OPEC countries fall to lowest point since 1985US on pace to export 2.9 million b/d in 2019US oil output averaged record 12.7 million b/d in October Washington — US crude oil imports fell to nearly 6.24 million b/d in October, the lowest monthly average since January 1994, the US Energy Information Administration reported Tuesday.Not registered?Receive daily email alerts, subscriber notes & personalize your experience.Register Now The decline in imports arrived as the US continues to break production output records and is exporting more oil to the world market.In its Petroleum Supply Monthly report Tuesday, EIA said that crude oil imports in the US Gulf Coast fell to 1.22 million b/d in October, its lowest monthly average since February 1985.Total US imports of crude oil from OPEC countries fell below 1.2 million b/d, also the lowest since February 1985. Crude imports from Persian Gulf countries fell to 671,000 b/d in October, a 53% decline from October 2018, E…

Crude oil futures steady ahead of expected build in US product data - S&P Global

Singapore — Crude oil futures were steady to slightly lower in mid-morning trade in Asia Tuesday amid expectations of a build in US product stocks data due for release in coming days.Not registered?Receive daily email alerts, subscriber notes & personalize your experience.Register Now At 10:12 am Singapore time (0212 GMT), the new front month March ICE Brent crude futures was down 9 cents/b (0.13%) from Monday's settle at $66.58/b, while the NYMEX February light sweet crude contract was 9 cents/b (0.15%) lower at $61.59/b."Crude oil prices started New Year's Eve on a dull note, with the year-end trading day finding caution in the market despite the positive news we have seen, including the expectation of the [US-China] phase one trade deal signing," IG market strategist Pan Jingyi said."Prices nevertheless held above $66.50/b when last checked, with support broadly expected going into January. This is as the market looks to the recovery of business confidence…

Oil Prices Remain Range Bound For The Foreseeable Future - OilPrice.com

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Oil Prices Remain Range Bound For The Foreseeable Future - OilPrice.comOil Prices Remain Range Bound For The Foreseeable Future - OilPrice.comDallas Fed: Energy industry job losses worsen, bankruptcies increase - Longview News-JournalA Bear's Guide To Oil Markets - OilPrice.comOil Prices Remain Range Bound For The Foreseeable Future - OilPrice.comPosted: 30 Nov 2019 12:00 AM PSTU.S. West Texas Intermediate crude oil is trading lower early Friday on light post-holiday volume. Some traders are saying the move is in reaction to renewed tensions between the United States and China and increasing doubts the two economic powerhouses will reach a Phase One trade deal agreement before new U.S. tariffs kick in on December 15.The two stories driving the price action throughout the month have been optimism over a U.S.-China trade deal, which helped dampen demand growth concerns, and the hope that OPEC and its allies would extend their production cuts into at least June 2020, which helpe…