August 9, 2022 European Refiners Try to Optimize Amid Gas Crisis, North Sea Decline Self-help’ measures potentially limit LPG, naphtha sales Europe’s oil refiners are grappling with the combined impact of North Sea decline and rocketing prices for natural gas used in their operations, even as they enjoy higher margins on the back of the […]
Oil markets are seeing large losses this morning as economic concerns continue to weigh. While US economists are still debating on whether the US is in a recession, data from other countries show more concrete evidence of a weakening landscape. A new report from S&P Platts shows that European manufacturing contracted in July for the […]
The numbers are in, and GDP fell -0.9% in Q2, marking the second straight quarter of contraction. In Q1, the economy contracted by -1.6%. The typical definition of a recession is two consecutive quarters of negative growth, although there’s a variety of other statistics that play into the official declaration of a recession. Many years […]
July 19th, 2022 LNG Exports Shoot Up in Louisiana, US in 2022 Amid Booming Demand Led by a trio of Louisiana facilities, the United States’ liquefied natural gas export terminals are exceeding their 2021 pace amid growing demand for LNG in natural gas-starved Europe. Collectively, the seven operating LNG export terminals in the U.S. have […]
Natural Gas News – October 12, 2020 Coal, Nuclear Retirements in US Midwest Might Boost Gas-Fired Power Demand As natural gas storage surpasses five-year maximum levels in the US Midwest, a swath of coal and nuclear power plant retirements look to boost gas’ share of generation winter over winter, help ing balance a towering inventory […]
Natural Gas News – July 9, 2020 Natural Gas Price Fundamental Daily Forecast – Robust Cooling Demand Could Drive Market to $2.00 Exports of natural gas by pipeline are the largest component of U.S. natural gas trade, accounting for 40% of all U.S. gross natural gas exports in 2019. EIA expects these exports to increase […]
Nat Gas News – July 6, 2020 Warren Buffett’s Berkshire Buys Dominion Energy Natural Gas Assets in $10 Billion Deal Warren Buffett’s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals […]
Natural Gas News – June 25, 2020 LNG Buyers Seen Rejecting Fewer U.S. Cargoes as Prices Rise Buyers of U.S. liquefied natural gas will probably cancel fewer shipments scheduled for August than they do for July as prices show signs of recovery, according to traders. Cheniere Energy Inc., the nation’s biggest producer of LNG, received […]
Nat Gas News Natural Gas Markets Beyond COVID-19 Forbes: In a less spectacular fashion than oil, international natural gas prices have fallen. The explanation goes far beyond low demand related to the COVID-19 pandemic or demand in general. It relies on a much larger and more complicated array of factors that include supply and demand […]
Natural Gas News – February 26, 2020 Japan Will Remain A Key Market For U.S. Liquefied Natural Gas Forbes: Japan has been the world’s largest liquefied natural gas (LNG) importer for a very long time. Since U.S. LNG exports from shale started in February 2016, Japan has been its third largest importer, after South Korea […]
