Crude oil prices broke out to the upside in December, but the rig count continues to decline. U.S. exports of crude oil and petroleum products, including gasoline, diesel, jet fuel, naphtha, and many others, exceeded imports in September by 89,000 barrels a day, the Energy Information Administration (EIA) reported on Nov. 28. Thus, the U.S. […]
By CRU Principal Analyst Matthew Watkins, from the Steel Sheet Products Market Outlook The European Green Deal for the EU was launched on Dec. 11 by the new European Commission. This is a strategy that aims both at achieving zero net emissions of greenhouse gases by 2050 and at managing the transition to that state […]
By CRU Senior Analyst Ryan Smith and Senior Consultant Sarah Macnaughton, from CRU’s Crude Steel Market Outlook Climate change is moving up the political agenda and putting increasing pressure on heavy industry to reduce their CO2 emissions. As the largest producer of global industrial CO2 emissions, the steel sector has a clear role to play in meeting […]