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Tag: glut
Glut of Coal-Fired Plants Casts Doubts Chinas Energy Priorities
2015-11-12 03:49:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: Just outside the southwest border of Beijing, a new coal-fired power and heating plant is rising in Dongxianpo, a rural town in Hebei Province. Cement mixers roll onto the site. Cranes tower above a landscape of metal girders. When finished, the plant, run by a company owned by the Beijing government, is expected to have a generating capacity of 700 megawatts of power, more than the total of similar plants in Ohio. But whether it will actually be used to its fullest is questionable, despite the...
Tags: energy
plants
priorities
doubts
Americans to see lowest heating bills in years due to fuel glut
2015-10-28 18:46:20| Energy - Topix.net
A sign marking the location of a natural gas pipeline is seen in Golden, Colorado in this February 2, 2015 file photo. After shelling out about $1,000 a month to heat his 190-year-old Massachusetts bed and breakfast during a harsh winter last year, Brian Weinrich is hoping for some relief this season.
Oil prices edge down over supply glut concerns
2015-10-27 01:00:00| Offshore Technology
Oil prices have fallen due to concerns of oversupply and expectations over a rise in US crude stocks.
POSCO Q3 profit edges up 0.5 pct, steel supply glut continues
2015-10-20 11:32:11| Steel - Topix.net
Oct 20 South Korean steelmaker POSCO said its third-quarter operating profit crept up 0.5 percent from a year earlier, beating estimates, as more stable iron ore input costs helped it absorb weak steel product prices and a continuing supply glut. POSCO, the world's sixth-biggest steelmaker, said on Tuesday operating profit for July-September was 638 billion won on a parent-only basis, above a consensus forecast of 608 billion won compiled by Thomson Reuters I/B/E/S.
Tags: supply
profit
steel
continues
Oil Bulls Maintain Momentum as Rig Cutbacks Seen Reducing Glut
2015-10-19 23:55:28| Energy - Topix.net
Money managers boosted their net-long position in West Texas Intermediate crude by 6.6 percent in the week ended Oct. 13 to the highest level since June, according to data from the Commodity Futures Trading Commission. Shorts, or bets that prices will decline, dropped the eighth time in nine weeks.
Tags: oil
maintain
reducing
momentum
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