BTU
When the USA, led by companies like ExxonMobil or Chesapeake, decided to boost the development of shale gas, the world perceived it as a local matter to help this country to reduce its reliance on overseas production countries. Then in 2011, the USA have become already self sufficient in gas, much faster than expected. Until then, […]
On February 27th the gas price in North America reached a new low at $2.57 per million btu with all chances to stay below $3 for a while. In dividing the gas price by four since its peak at $13.5 per million btu in July 2008, the massive development of the shale gas is not […]
According to the last financial study released by Al-Rajhi Capital, the growth forecast of the Saudi Arabian petrochemical companies is healthy, despite lingering uncertainties in the global economies. Because of their diversified activities, companies like SABIC or TASNEE should not be impacted by the feedstock costs increase in 2013 as could be the “pure-play producers”. […]
