OPIS, A Dow Jones Company, provides pricing, news and expert market analysis across the fuel supply
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OPIS, a Dow Jones company, provides pricing, news and expert market analysis across the fuel supply chain: Spot, Rack & Retail.
A proposed change in the grade for the Monterrey metropolitan region of suggests implementing a lower RVP grade fuel, which would help reduce and improve air quality. But this change could pose significant logistical challenges and increase fuel prices for motorists. Learn more on the OPIS Blog: https://bit.ly/3DIaltW
The government of the Mexican state of Nuevo Leon proposed a change in the gasoline grade for the Monterrey metropolitan region to address high pollution.
has been battling illegal fuel imports and illicit blending of , practices that pose a risk to consumers who purchase counterfeit and undermine sales from legitimate suppliers. Read more on the OPIS Blog: https://bit.ly/3AVQllT
Mexico battles illegal fuel imports and illicit blending of refined products, posing a risk to consumers who purchase counterfeit fuel.
OPIS is pleased to announce its membership into the International Emissions Trading Association (IETA). IETA is a non-profit business organization created in June 1999 to establish a functional international framework for trading in emission reductions. We look forward to working together!
"More rigorous definitions of quality and greater emphasis on carbon removal could solidify market confidence, lift prices and drive demand," according to the Long-Term Carbon Offsets Outlook report released by BloombergNEF.
credit demand and prices are expected to grow under each of the report's three scenarios but at substantially different rates. Read the story here: https://bit.ly/3HGGRiN
At , the General Session will feature Lori Buss Stillman (NACS) and Denton Cinquegrana (OPIS, A Dow Jones Company) providing valuable industry updates. If you are interested in attending the General Session, please RSVP during registration. This event is included with your registration, no additional fee required!
Register today -> https://m-pact.org/attend/
The discounted rate for the 18th Annual Southern African Coal Conference, taking place 1-3 February 2023, expires TOMORROW Friday, 30 December. The current rate saves you $300, so book now! https://try.opisnet.com/3YVLvjq
This conference brings together market leaders and industry experts to discuss and debate the current trends that impact the domestic and international . Take advantage of this unique opportunity to learn from and network with market makers, government dignitaries, and other senior industry leaders.
Space is limited for this year's conference and registrations are on pace to sell out what has become the most respected coal program in the region. We hope you join us in Cape Town this February!
From all of us, Happy Holidays!
Hear from McCloskey's South Africa Editor Randy Fabi on why prices climbed to record highs above $400/tonne earlier this year, how prices and supplies look now, and the uncertainty that remains in the market.
What’s in store for 2023 and beyond? To find out, attend the 18th Annual Southern African Coal Conference in Cape Town, where hundreds of delegates will discuss, debate and connect over what could come next year.
https://try.opisnet.com/3v8zcCO
The UK government has approved the development of West Cumbria Mining’s (WCM) underground coking coal project, the country’s first new mine in 30 years.
https://try.opisnet.com/3FVgMvo
Over 17,000 participants gathered in Montreal Wednesday for the 15th meeting of the Conference of the Parties to the UN Convention on Biological Diversity ( ), where almost 200 nations are attempting to agree on a framework to stop a level of loss unprecedented in human history.
https://try.opisnet.com/3Y9onxp
The said Monday that creating markets could channel private sector financial flows to fund ambitious global plans for the protection of the natural world that will be negotiated at the UN biodiversity summit in Montreal over the next two weeks.
https://try.opisnet.com/3VYLJnz
The Coalition for Rainforest Nations (CfRN) reaffirmed + as the global initiative for tackling under the Paris Agreement by renegotiating the mechanism into the Sharm-El Sheikh Implementation Plan, the U.S.-based not-for-profit said Wednesday.
https://try.opisnet.com/3gUIWNj
Prices for credits under ’s Standard ( ) have slumped in 2022, primarily due to an influx of , causing credits to be generated at a much faster rate than deficits are being generated by . However, California Air Resources Board (CARB) is evaluating possibilities of strengthening the near-term targets out to 2030. The possible targets provide a glimpse of what CARB has in mind for the long-term future of the LCFS program, but right now, the market is asking, “What next?” Will CARB have time to quickly choose one of these options and finalize a new compliance curve before the 2024 compliance year?
Read more about California’s new LCFS targets: https://try.opisnet.com/3tUeRAt
And for a deep dive into LCFS and carbon markets, consider attending our conference: https://try.opisnet.com/3OsYkgt
Prices for credits under California’s Low Carbon Fuel Standard (LCFS) have been a sad story in 2022.
What does the march to mean for the independence of U.S. energy? Join McCloskey and other industry experts next week as they discuss a new playbook, examine the challenges of sourcing metals and minerals needed for , , & take a look at the of renewables and how coal, wind & others play a role. Learn more and register for free here: https://try.opisnet.com/3Xx0n7k
| Requires Centralized Data, Transparency to Meet Demand: Experts
The is projected to have a market size of $50 billion by 2030, according to estimates by consultant firm McKinsey, but growing pains, especially the absence of a uniform registry or centralized data platform, will complicate that transition, speakers said at the International Emissions Trading Authority (IETA) at the summit on Wednesday.
https://try.opisnet.com/3Og5DI3
As initiatives grow and new programs take off, rely on the expert insights presented at our 11th Annual LCFS & Carbon Markets Workshop, coming up Dec. 7-9, in San Diego. Network with presenters and peers over 2.5 days. Register by this Friday, November 18 & save $200!
Complete agenda and registration details:
We're in San Diego this year and diving deep into the essential LCFS and carbon topics you need to know about for compliance and emissions offsetting.
Join McCloskey’s John Howland, James Stevenson and Tiisetso Nkosi online November 29, for the free webinar, “EVs, Renewables and the New Supply Chain for Energy,” a part of the Dow Jones Energy & Sustainability Issue Briefing Series.
The is dependent on the , , and other materials required for . They are part of a new energy ecosystem based on , and rather than drilling, petroleum and refining. We'll examine the new supply chain, what it means for and renewable power, and why clean energy has a footprint.
Register for free here:
https://try.opisnet.com/3TGTRrt
As more countries look to establish , a trusted independent methodology and regulatory frameworks are needed to make and storage ( ) technology a financially viable voluntary solution for hitting net zero, speakers said Tuesday at an International Emissions Trading Association (IETA) event at the climate summit.
https://try.opisnet.com/3TNhj6w
OPIS editors have been covering the conference all week, publishing news and analysis daily in our price reports and throughout the day via our intraday alerts. Click through for a sampling of that coverage and to sign up for trials of our market reports.
https://try.opisnet.com/3TyyqbQ
COP27 | $309 Billion/Year for Investment Comes at a Cost
We are transitioning the largest and most complex industrial system in the world. We will need an additional €300 billion ($308.9 billion) investment per year to meet Europe's REPowerEU, targets; this will come at a cost, participants at the Green Deal and financial funds' session, organized at the Benelux/EIB Pavilion at in Sharm El Sheikh said Thursday.
https://try.opisnet.com/3Acgddl
| Push to Expand Natural Gas Capacity Will Undermine 1.5C Goal: Report
The massive push to expand production in the wake of 's invasion of will seriously compromise efforts to limit to 1.5 degrees Celsius, the research consortium Climate Action Tracker (CAT) warned Thursday.
https://try.opisnet.com/3WUA8HF
U.S. presidential envoy John Kerry announced a proposal Wednesday at in Sharm El Sheikh for an 'Energy Transition Accelerator' that would create a new class of offset credits generated by developing countries reducing their power sector .
https://try.opisnet.com/3O7P7tT
Catch up with the McCloskey team at this week's MetCoke World Summit 2022! James Stevenson is presenting "Metallurgical Coal Markets in 2023" and you will find the rest of the team at the sessions and networking events -- be sure to say Hi!
https://try.opisnet.com/3TmA3JM
Peaking, in Focus
Delegates from 193 nations will convene in Sharm El-Sheikh for the 27th Conference of the Parties ( ) starting this Sunday with a focus on implementing agreements to lower greenhouse gas emissions ( ) that are predicted to increase by nearly 10.6% by 2030 when compared to 2010 levels.
https://try.opisnet.com/3T6F88G
McCloskey is pleased to be a Knowledge Partner of the 4th Annual India Coal Conference organized by Elekore Energy, 3-4 November. Details at https://try.opisnet.com/3TXOncO
Work on Eastman Chemical's polyethylene terephthalate (PET) plant in Normandy, France, announced in January, has not yet begun "as we're still working through the consultation processes within the country," a company spokeswoman said.
Read the full story: https://try.opisnet.com/3NiQi9p
With geopolitics, supply chain tensions, and economic red flags affecting the outlook for in North America this winter, here are 5 important questions to consider in the coming months.
Read the blog:
With the US coal market remaining volatile, here are some important questions to consider in the coming months.
The Climate Action Reserve is developing a new methodology for quantifying, monitoring and verifying the climate benefits associated with , which could be a "game changer" for the sector., the offset registry said.
Read the full story: https://try.opisnet.com/3D6zX2I
The 11th Annual OPIS & Markets Workshop is the premier event for professionals involved in industries. From December 7-9, 2022 in San Diego, attendees will learn the latest in regulatory and market developments through a carefully crafted agenda filled with experts from Oregon DEQ, Washington Department of Ecology, American Coalition for Ethanol, Neste, Weaver and so many more.
Beyond the critical content of the sessions, the networking opportunities alone make this a must-attend event for players in the space.
Join your colleagues in San Diego -- register by November 18 and save $200!
https://try.opisnet.com/3VN67Jk
There are currently a total of 196 capture and storage ( ) projects worldwide, with the vast majority in development, but the technology will need to be scaled up hundred-fold to avoid the worst impacts of , said a report published Monday by the Global CCS Institute.
Read the full story: https://try.opisnet.com/3yUabxc
Join Andy Blumenfeld, McCloskey’s director of data analytics, for an examination of market conditions and what to expect in the coming months from the North American market.
Join our free webinar on Oct. 27 at 2pm ET for a discussion of the , tensions, and economic red flags that will affect the outlook for coal this winter.
Learn more + register: https://try.opisnet.com/3CQ5ru1
The US coal market continues to remain volatile as , tensions, and economic red flags affect the outlook for in North America this winter. Declining domestic demand will be partially offset by increased exports, but competing look to take more share from coal.
Join our free webinar on Oct. 27 at 2pm ET for an examination of market conditions and what to expect in the coming months from the US coal market.
Learn more + register: https://try.opisnet.com/3g2rdmo
Transnet and union workers failed to reach an agreement over a wage dispute early Tuesday, prolonging a labour strike that has seriously hobbled South Africa’s ports and rail system. The strike, now in its sixth day, has yet to impact South African export prices, as the independently run Richards Bay Coal Terminal (RBCT) continues to load vessels as normal. The McCloskey Richards Bay 6,000 kc NAR marker fell to a fresh seven-month low on Monday at $219.38/t FOB, compared to $277.67/t FOB a week ago. Yet prices could quickly rebound if the strike continues. Miners and many other companies are losing billions while this goes on, with early estimates putting the costs at ZAR6bn ($330m) per day,” said Busisiwe Mavuso, CEO of Business Leadership South Africa. The last industrial action of such magnitude at Transnet took place in 2010 and lasted for two weeks.
Read the full story: https://try.opisnet.com/3rJUgxE
Our team continues to track this developing story. For updates, request a free trial of McCloskey Newswires, part of our Global Coal Market News & Analysis service.
OPIS is proud to serve as your trusted guide in the markets. Our award winning editorial team is here to help you navigate the changing cross-border fuel markets with coverage including spot and wholesale rack pricing. To learn more, watch our video here:
Navigating a fuel market is complex – especially when that market is taking new turns, as it is in Mexico. OPIS makes it easier. For more than 40 years, OPIS...
We are pleased to announce the 13th annual takes place March 6-8, 2023 in sunny San Diego, California. We hope to see you among the industry's top NGL players at the premier dealmaking event of the year. Sign up to be notified when registration opens: https://try.opisnet.com/3rjKUsh
Save the date for the 13th Annual OPIS NGL Summit on March 6-8, 2023. Join your peers and hundreds of other key players in the NGL industry in San Diego.
Australia's Fortescue Metals Group, one of the world's top miners and parent of green developer Fortescue Future Industries (FFI), said it plans to spend $6.2 billion over eight years to fully its operations by 2030.
Read full story: https://try.opisnet.com/3SmNsS0
A coalition of shipping leaders launched an initiative to find technology solutions to measure and manage maritime methane emissions.
The Methane Abatement in Maritime Innovation Initiative (MAMII) aims to minimize the environmental impact of liquefied natural gas (LNG) in shipping, according to a statement posted on the group's website.
Read the full story: https://try.opisnet.com/3U8jD9f
McCloskey by OPIS is a proud sponsor of Eurocoke Summit 2022! On Tuesday attendees heard our Head of Atlantic Basin, Coking Coal and Met Coke Ranjana von Wendland present the "Changing dynamics of the met coke markets and pricing in the Atlantic Basin" session. And tonight we are sponsoring the closing night networking drinks reception. If you are in attendance, be sure to meet up with Ranjana as well as Carlos Lima and Roberto Futuro.
https://try.opisnet.com/3xkUGh0
Join experts from McCloskey by OPIS, A Dow Jones Company and MineSpans by McKinsey for a free webinar on Monday, Sept. 12, exploring the factors that have created a tumultuous global market and the new metallurgical coal cost regime.
https://try.opisnet.com/3RPcatL
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OPIS editors have been covering the #COP27 #climate conference all week, publishing news and analysis daily in our price reports and throughout the day via our intraday alerts. Click through for a sampling of that coverage and to sign up for trials of our #carbon market reports. https://try.opisnet.com/3TyyqbQ #CarbonCredits #CarbonCompliance #VCM #CarbonOffsets
Today is your last chance to save $300 on registration for the OPIS RFS, RINs & Biofuels Forum! Register today and make your plans to join industry experts and colleagues in Chicago, Sept. 7-9. And be sure to book your hotel room before the discounted room rate expires on Aug. 24. https://try.opisnet.com/3dH8L1s #RFS #RINs #Biofuels
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