Stagnant natural gas production levels, which could fall into a decline before the year’s out, and an increase in gas demand for power generation and as a feedstock could spark a price rebound in 2013 as the supply-demand balance returns to equilibrium, according to Stephen Smith of Stephen Smith Energy Associates.
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Raymond James: Operators Testing Liquids Ideas
The upstream industry could see its drilling inventory grow if horizontal drilling opportunities being explored by several companies pan out, according to analysts at Raymond James & Associates Inc.
All Points Fall Again; Producer: Market ‘Stinks’
A Rockies producer had a pithy description of the current gas market: “It stinks!” Industrial firms that use gas as a feedstock and almost everyone enjoying lower gas bills might disagree, but it’s likely that many others in the gas industry also would prefer a sweeter-smelling market.
Huntsman Blames Energy Speculators for Need to Raise Prices
Just one day after Dow Chemical Corp. reported product price hikes due to higher commodity, feedstock and transportation costs, Huntsman Corp. followed suit on Thursday announcing it will raise prices for all products, some by as much as 25%, and also impose an energy surcharge across a wide range of products.
U.S. Manufacturers Consider Moving if Energy Policy Not Addressed
Up to 25% of U.S. manufacturers are considering shifting their domestic operations offshore if rising chemical costs — as well as rising costs for natural gas, a feedstock important to many — are not controlled, according to a report by the National Association of Manufacturers (NAM).
U.S. Manufacturers Consider Moving if Energy Policy Not Addressed
Up to 25% of U.S. manufacturers are considering shifting their domestic operations offshore if rising chemical costs — as well as rising costs for natural gas, a feedstock important to many — are not controlled, according to a report by the National Association of Manufacturers (NAM).
Ohio Steel Producers Call for Energy Exploration Restrictions To Be Lifted
As natural gas prices continue to maintain their lofty levels, industries that use the commodity as a feedstock are finding it increasingly more difficult to conduct business as usual. As one of the largest energy users in Ohio, steel producers in the state said Thursday that they have grave concerns over natural gas prices, which have increased 400% in five years. In the most recent price run-up, the steel companies say that natural gas costs per ton of steel produced have tripled.
Ammonia Maker Cites Lofty Gas Prices as Reason for Mothballing LA Plant
Terra Industries Inc. on Monday said it has mothballed its Donaldsonville, LA, ammonia manufacturing plant indefinitely due to the lofty prices for natural gas, which is used as a feedstock in the production process. The facility, which had an annual production capacity of 500,000 tons, has been out of service since last December.