Cement News tagged under: natural gas
US natural gas price to soften before recovery in 201624 February 2015, Published under Cement NewsAs the US faces ample natural gas inventories and high production, US gas prices are expected to further soften this year. “We introduce an end of 2Q15 target of US$2.25/mBtu and lower our 2015 US nat gas price forecast to US$2.85, from US$3.90 prior,” say analysts at BofA Merrill Lynch Global Research. High production, especially in the US northeast where new pipeline capacity has come online, has helped to raise annual output growth from 1.9 to 5.7bcf/d through 2014, bringing total US ga... |
Emerging markets continue to play key role in global energy prices15 February 2013, Published under Cement NewsWith a sluggish US economy where the fiscal cliff remains a major concern in 1H13 and a recession-hit Eurozone burdened by unaffordable energy import costs, it is clear that most support for global oil demand hinges on the consumption of emerging markets. The economic benefits of globalisation, urbanization and industrialization have led to major advances in productivity, positively impacting on oil demand in these parts of the world. As the world oil demand improves gradually, non-OPEC s... |
Egypt's cement sector faces decline in natural gas supply30 January 2013, Published under Cement NewsIn a filing sent to the Egyptian Exchange, Suez Cement reported that Egypt's cement sector is facing a decline in natural gas supply below normal levels. Nevertheless, it said this has not affected the deliveries at its plants because of the group's strategic inventory of clinker. The Ministry of Trade and Industry announced on 20 January 2013 said that it would hike prices of heavy fuel oil (HFO), for the cement and ceramics industries by 50 per cent to US$225/t from US$150/t. This come... |
BAML sees 4Q2012 crude prices strengthen01 October 2012, Published under Cement NewsA tightening market for oil sees upward pressure on prices while gas is expected to remain range-bound. The thermal coal glut is expected to need some time to improve, leaving prices at a low. Oil Although indications are for a weak recovery in the global economy, the emerging markets lead the way in improving momentum, creating demand for real assets such as oil. Meanwhile, spare productive capacity in the oil market remains low, making for a tight supply side. Outages in the Nort... |