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gI 127651 PIRALogo PIRA Energy Groups Weekly Oil Market Recap for the Week Ending September 28th, 2014
New York, NY (PRWEB) September 30, 2014

NYC-based PIRA Energy Group reports that PIRA is cautiously optimistic the global economy will withstand the Fed’s policy shift. In the U.S., stock build slows. In Japan, crude runs perk up, crude stocks draw. Specifically, PIRA’s analysis of the oil market fundamentals has revealed the following:

World Oil Market Forecast, September 2014

PIRA is cautiously optimistic the global economy will withstand the Fed’s policy shift and lift into next year with growth above trend. Despite this, and a rebound in oil demand growth, oil market balances are forecast to deteriorate in 2015. Low first half 2014 stocks hid blemishes but now that inventories have rebuilt.

U.S. Stock Build Slows

Overall inventories increased this past week with crude stocks declining, while product stocks increased. The product inventory increase was 4 million barrels greater than the week earlier as reported demand fell, product imports increased and runs were trimmed. Runs were higher than PIRA forecast as the industry ran just about every bit of capacity it could to take advantage of attractive margins before capacity goes down for maintenance.

Japanese Crude Runs Perk Up, Crude Stocks Draw

Crude runs rose and crude imports declined such that crude stocks drew. Finished product stocks continued rising. A good part of the rise has been in kerosene, which is strictly seasonal. But gasoline and gasoil have also posted modest stock builds. Refining margins remain soft.

Latin America Oil Market Forecast

Latin American refining capacity is constrained in 2014 by refinery maintenance leading to increased product import growth and higher crude exports, particularly in the 4th quarter. Latin American economic growth prospects have been ratcheted down in the last few months. With slower demand growth and returning/expanded refinery capacity next year, product import growth will not be as strong. Nearly all other Latin American countries are also seeing substantial product imports from the United States which supplies about 80% of regional import needs for diesel.

Asia Leads World LPG Markets Lower

November propane FEI futures fell 5.1% to $ 821/MT, the lowest price in six weeks. The markets are posturing for tomorrow’s announcement of October contract prices by Aramco. The latest CP futures markets are betting that propane CPs are lowered by $ 10/MT, while the weighted average of September trading indicates that prices could remain unchanged from September at $ 745/MT. Butane’s premium to propane was stable in September, falling $ 3 to $ 34/MT.

Ethanol Prices Plummet

The downward spiral in U.S. ethanol prices accelerated, with values pressured by soaring inventories, weak consumption, and higher production. Cash margins for ethanol manufacture declined for the fifth straight week to the poorest value since February.

The information above is part of PIRA Energy Group’s weekly Energy Market Recap – which alerts readers to PIRA’s current analysis of energy markets around the world as well as the key economic and political factors driving those markets.

Click here for additional information on PIRA’s global energy commodity market research services.

PIRA Energy Group

3 Park Avenue, 26th Floor

New York, NY 10016

212-686-6808

sales(at)pira(dot)com

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Calgary, AB (PRWEB) September 30, 2014

The company specializes in emergency locksmith services and also provides services to residents, businesses, and for automotive needs.

Most customers never consider needing a locksmith until they see their keys locked in their cars or are unable to get back into their house. Then they find themselves in need of emergency locksmith services as quickly as possible. Calgary Locksmith provides 24/7 emergency services to anyone within the Calgary area. All of the locksmiths who work for the company are trained to provide quality services as quickly as possible. They continue to keep abreast with the latest technology in the locksmith industry, including techniques used to unlock homes, businesses, and vehicles.

In addition to emergency services, Calgary Locksmith also provides a wide variety of other services. Automotive locksmith services are often in high demand, and the company provides around the clock help for those who have locked their keys in their car or for situations such as a broken off key. Calgary Locksmith will duplicate keys for those who need a spare or repair keys and transponders. They also remove broken keys from locks and the ignition plus will unlock trunks or glove compartments.

Calgary Locksmith’s residential services are reliable, high quality, and affordable. The company will send trained professional locksmiths to all calls. Their services include more than simply unlocking the front door. Calgary Locksmith professionals can re-key locks or install new locks after a break-in. They will also install high security locks and safes plus remove broken keys from any lock. Garage door opening and repair, digital lock installation and repair, and mailbox lock repair are also services the company offers.

Businesses may also have need of locksmith services, and Calgary Locksmith offers a wide variety of services for businesses of all sizes. They can help install comprehensive security solutions that will protect a business and all of its assets. This includes keying locks to a master key, re-keying or replacing locks, and installation of security safes and alarm systems. They can even assist with things like desk locks and filing cabinet locks. Businesses that need high security locks may also want to contact Calgary Locksmith. The company has worked with a variety of different commercial companies, including schools, banks, hospitals, and many other businesses.

The locksmiths who work with Calgary Locksmith are highly trained individuals who have years of experience in the industry. They strive to provide quick and professional services at any time of day or night. The professionals at Calgary Locksmith are ready to assist anyone in the area during both emergencies or in preventative measures.

About Calgary Locksmith: Calgary Locksmith is based out of Calgary. The company offers a number of different locksmith services, including emergency services. For more information, visit http://www.localcalgarylocksmith.ca. The company is a member of the Associated Locksmiths of America and is accredited by the Better Business Bureau.







Latest Home Business auctions

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