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Nornickel presents market review of nickel and platinum group metals

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Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data.

Market 304
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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d in 2017.

Brazil 218
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Opinion: There Is No Such Thing As Peak Oil Demand

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Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. Without sufficient damping, the market has often overcompensated. High prices persisted long enough for the industry in the U.S.

Oil 250
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New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

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Based on visual interpretation of high-resolution (30 m) satellite images, a new study in the journal Global Change Biology: Bioenergy determined that industrial plantations covered over 3.1 When peat swamps are drained for agriculture, the peat begins to decompose, and is an enormous source of carbon emissions. Earlier post.).

Oil-Sands 314
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EPA proposes Renewable Fuel Standard (RFS) volumes for 2023-2025; seeking input on future modifications

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Because the Energy Independence and Security Act of 2007 (EISA) does not include volumes after 2022, this is the first time that EPA is setting these proposed biofuel volume targets without using those outlined in statute. EPA’s data from the RFS program show that the US market reached 3.1 Proposed Volume Targets (billion RINs).

EPA 210
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UK Government approves Statoil’s US$7B development of North Sea Mariner heavy oil field

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The UK government’s Department of Energy and Climate Change (DECC) approved the field development plan put forward by Statoil and its co-venturers for the Mariner heavy oil field. The average production is estimated at around 55,000 barrels of oil per day over the plateau period from 2017 to 2020. Location of the Mariner field.

Mariner 225
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Neste Oil Looking to Waste-based Microbial Oil As Feedstock for NExBTL Renewable Diesel

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Neste Oil has applied for patents to cover technology developed to produce microbial oil from waste and residues with the help of various yeasts and molds for use as a feedstock for its NExBTL renewable diesel. Microbial oil produced in this way has already been successfully refined into NExBTL renewable diesel. Earlier post.).

Oil 199