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Refining Crack Spread Overview: All You Ever Wanted to Know
The crack spread is a major component that drives refiners’ valuation. In this article, we’ll look at the metric’s different aspects.
Overview: Impact of the shale gas revolution on the coal industry
According to the projections of U.S. Energy Information Administration (EIA), shale gas production is expected to continue to grow in the coming years.
Why follow natural gas industry fundamentals and future prices?
Nearly all of Southwestern’s production is natural gas. So natural gas prices are an incredibly important determinant of revenues and earnings for the company.
Why natural gas price affects nitrogenous fertilizer stocks (Part 1)
Natural gas and nitrogenous fertilizers Natural gas is a major raw material input in the production of nitrogenous fertilizers, such as urea and ammonia, ranging from 40% to 70% of cost of goods sold. A higher natural gas price increases the cost of goods sold and compresses margins. This in turn lowers earnings and free […]
Introduction to the Permian Basin — Part 1: Why is the Permian Basin important?
The Permian Basin is one of the US’s primary drivers of oil production growth. Market Realist provides an overview of this prolific hydrocarbon asset with a primer piece: “Introduction to the Permian Basin”.
All oil is not created equal – why differences in crude matter (part II)
Differences in crude’s density, sulfur content, and production location can vastly affect the price which it commands on the market.
Natural gas continues to lose market share to coal year-over-year due to price gains
Natural gas continued to lose market share to coal in February, the third month in a row that this has occurred. The market share loss was due to the rise in natural gas prices relative to coal.
Natural gas should gain market share from coal for power generation
Natural gas gained significant market share against coal in 2012 for usage in power generation. Long-term, the EIA expects natural gas to gain market share.
Lower natural gas prices last week positive for coal-to-gas switching
Last week, natural gas prices declined more than coal prices which is an incentive for power plants to use more natural gas as fuel relative to coal.