By Erin Douglas (Bloomberg) -- Every time Chuck Paar makes the over 500-mile round trip from his home in Mt. Jewett, Pennsylvania, to Buffalo and Syracuse, New York, his 18-wheel tractor trailer carries 25 tons of sand or cement and burns about $265 of diesel in one day. That’s up from as little as $166 for the same route two years ago, and the increased cost of fuel is … [Read more...]
Trade Spat Threatens U.S. LNG Exporters
By Rachel Adams-Heard and Ryan Collins (Bloomberg) -- This winter could be a bleak one for America’s natural gas exporters as the fastest-growing buyer of the fuel threatens to halt purchases amid an escalating trade war. PetroChina, a unit of the state-owned China National Petroleum Corp., may suspend its buying of U.S. liquefied natural gas cargoes during the … [Read more...]
IMO’s Low Sulphur Fuel Regs Seen Cutting Demand for Canadian Oil
By Robert Tuttle (Bloomberg) -- As if pipeline bottlenecks weren’t enough, Canadian heavy oil producers are facing a new barrier to marketing their crude. New rules limiting the amount of sulfur allowed in shipping fuel is expected to cut demand for both high-sulfur fuel oil and the sour crude that yields it. In Canada, that could extend -- or worsen -- the biggest … [Read more...]
Despite Tariffs, U.S. Soy Is Still Headed to China. Here’s Why
By Shruti Date Singh and Tatiana Freitas (Bloomberg) --It looks like China can’t completely shun U.S. soybeans as at least a few cargoes of American supplies head to its shores. The crop has been thrust into the center of trade war between the two nations. China slapped retaliatory tariffs of 25 percent on American shipments, sending buyers from the Asian country rushing to … [Read more...]
Europe Shows It’s Getting Serious About Buying U.S. LNG
By Anna Shiryaevskaya and Naureen S. Malik (Bloomberg) -- European nations are far behind Mexico and China when it comes to receiving liquefied natural gas from the U.S., but the region is making its biggest effort to date to change that. European Commission trade officials will travel to Washington on Aug. 20 to follow up on an energy agreement last month between … [Read more...]