Posts Tagged ‘January’

PIRA Energy Group’s Weekly Oil Market Recap for the Week Ending January 26th, 2014

PIRA Energy Group

New York, NY (PRWEB) January 28, 2014

NYC-based PIRA Energy Group reports that Brent crude prices have stayed strong this month. On the week, U.S. products draw while crude stocks build, while in Japan crude stocks jumped. Specifically, PIRA’s analysis of the oil market fundamentals has revealed the following:

Brent Prices Strong This Month

Brent crude prices have stayed strong this month supported by relatively tight global supply-demand balances and low inventories but will trend lower later this quarter as refinery maintenance cuts crude demand, crude supply continues its unrelenting growth in the United States, and supply disruptions elsewhere directionally ease.

U.S. Products Draw While Crude Stocks Build

Surprisingly low crude runs were largely responsible for the first crude inventory increase in eight weeks. They also contributed to a larger product stock draw versus the week earlier. A reported demand increase and increased product imports were also factors in the week-on-week product stock change. This past week’s overall inventory change was 1.3 million barrels larger than the inventory decline for the same week last year, thereby widening the year-on-year stock deficit. U.S. commercial oil inventories are declining significantly this January and this has happened just once in the last ten years.

Another Jump In Japanese Crude Stocks

Another relatively high crude import rate produced a crude stock build on slightly lower runs. Modestly higher stock builds were registered on all the major products (mogas, gasoil, naphtha, jet, and fuel oil), though kerosene stocks drew seasonally. Margins were slightly softer with weaker light product cracks overshadowing higher fuel oil cracks.

U.S. Propane Is Continuing To Exert Price Leadership

U.S. Propane is continuing to exert price leadership although developments in the mid-continent are certainly in a state of disequilibrium given high demand for tight supplies. The wide gap to the Gulf Coast is certainly encouraging flows north with the price level leading to demand destruction.

Ethanol Prices and Margins Decline

U.S. ethanol prices resumed their downward trend the week ending January 17 as improving weather in the Midwest led to higher operating rates and reduced transportation problems. Manufacturing cash margins fell as a result of the decrease in ethanol and co-product values.

China Quarterly Oil Demand Monitor

China’s apparent oil demand disappointed in 2013, as growth slowed meaningfully from 2012. Reasons for the slowing were not immediately apparent. The pace of GDP growth did not change between the two years, and physical indicators that can directly be tied to oil demand (such as vehicle sales, ethylene production, and air travel) recorded healthy increases last year. Looking to 2014, the key story for China is an ongoing push for structural reform.

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.

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Food And Beverage Exports Grew By 29% From January To March 2012, Versus The First Quarter Of 2011

Guatemala (PRWEB) July 27, 2012

The food and beverage sector has been characterized as one of the leaders in export growth. In the past two decades, has grown from U.S. $ 50 million to over $ 800 million, showing a constant increase the food industry, followed by the beverage industry.

Over the past 5 years, the food and beverage sector has had an average growth of 18%. This is the result of many efforts, especially to be aware of the importance of innovation, quality and added value that Guatemala has given to its agricultural production to position itself in international markets, specialized technical training to strengthen businesses and allow them to have a skilled labor has generated new products, new markets and especially more jobs in the industry, explained the President of Food Commission, Francisco José Menéndez.

The food industry consists of 6 sub-sectors integrated as follows: 20% of beverages, 20% of preserved food, 15% of baking, 10% of candies, 8% of dairy and 27% of other processed foods. Together generate about 15 thousand direct jobs, of which more than 3 thousand are women.

80% of jobs generated by the food sector are located in the Capital City, however, the dynamism of the sector is linked to the agricultural sector due to the entrepreneurship of SMEs giving added value to food and open the doors to new markets, said Menéndez.

Entrepreneurs, optimistic about sustained growth and opening up market opportunities in Central America, Mexico, Europe and U.S., have launched the goal of reaching the billion dollars in foreign sales. To achieve this, the sector has been working since 2011 on specific export guidelines to facilitate and adequate information in order to promote new export projects.

According to the director of the commission, these guides are aimed at companies that start in exports, which seek market diversification projects, which intend to export to Mexico and/or the United States on a sustained basis. However, the project comprises three more guides: Central America, Panama and a destination country to be defined in 2013.

Among others, to define these markets, we did the analysis of which represented growth accounted for Guatemalan companies from the food and beverages sector. Definitely, Mexico and the United States are our main markets, after the Central American region and therefore, we seek to strengthen the SMEs to seize them and invite entrepreneurs to know more fully the opportunities of these countries, declared Menéndez.

From finding the terminology used in International Trade, economic data, consumers, Trade Balance, whether from Mexico or the United States, in addition to the top 25 products imported and exported by each sector of these countries. This is the information business operators of food and beverage will find on the export guides mentioned.

What we want eventually is that companies count on different market guides to enable them to consider diversification, new opportunities and actions that promote the export of products of the sector and thus, we can provide to SMEs a greater opportunity for growth, because that results in more foreign earnings, more employment opportunities, more dynamism on the incorporation of all exporting sectors, as it has been for the last 30 years in AGEXPORT, concluded Menéndez.


Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.